INDO SMC Limited IPO Details | SME Electrical Equipment Manufacturer India
Latest Grey Market Premium & IPO Details
INDO SMC SME IPO 2026 – Key Info & Highlights
INDO SMC Limited designs and manufactures SMC and FRP based electrical and power distribution products used across India’s utility and infrastructure sectors. The SME IPO is scheduled from 13–15 January 2026, with a price band of ₹141–149 per share. Investors can track live GMP trends, subscription status, allotment details, and listing updates during the issue period.
📌 IPO Details
| Company Name | INDO SMC SME IPO |
|---|---|
| Sector / Industry | Electrical Equipment / Electrical Components |
| IPO Open Date | 13-01-2026 |
| IPO Close Date | 16-01-2026 |
| Allotment Date | 19-01-2026 |
| Refund Date | 20-01-2026 |
| Share Credit Date | 20-01-2026 |
| Listing Date | 21-01-2026 |
| Price Band | ₹141 - ₹149 |
| Lot Size | 1000 Shares |
| Min Investment | ₹2,98,000 ( 2 lot Price ) |
| Net Issue Size | ₹91.95 Cr |
| Fresh Issue | ₹87.34 Cr |
| Face Value | ₹10 per equity share |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33% |
| QIB (Qualified Institutional Buyers) | 19% |
| Anchor Investors | 28.5% |
| HNI (High Net Worth Individuals) | 14% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 21-01-2026 | ₹10.00 | - | ₹159.00 | ₹10000.00 | 21-01-2026 08:59 |
| 20-01-2026 | ₹10.00 | ▼ | ₹159.00 | ₹10000.00 | 20-01-2026 23:42 |
| 19-01-2026 | ₹19.00 | ▼ | ₹168.00 | ₹19000.00 | 19-01-2026 23:43 |
📝 About INDO SMC SME
INDO SMC Limited is an Indian manufacturing company specializing in SMC (Sheet Moulding Compound) and FRP (Fibre Reinforced Plastic) based electrical and power distribution products. The company designs and manufactures a wide range of electrical enclosures and components used in power distribution, infrastructure, utility, and industrial applications across India.
The company’s product portfolio includes energy meter enclosure boxes, distribution boxes and panels, feeder pillars, junction boxes, FRP gratings, and other power distribution equipment. These products are manufactured using materials such as SMC, FRP, copper, mild steel, and stainless steel, ensuring durability, safety, and long service life. INDO SMC follows relevant Indian Standards for electrical enclosures and maintains in-house testing facilities to ensure consistent product quality.
INDO SMC operates through multiple business segments, including SMC products, FRP products, and electrical components. Its FRP offerings are customized for industrial use and are valued for properties such as corrosion resistance, high strength, lightweight design, and electrical insulation. The company is ISO 9001:2015 and ISO 14001:2015 certified, reflecting its focus on quality management and environmental responsibility.
The company runs multiple manufacturing facilities across Gujarat, Maharashtra, and Rajasthan, equipped with modern machinery to support efficient and scalable production. In recent years, INDO SMC has expanded its manufacturing capacity, strengthened its SMC and FRP segments, and introduced new electrical component products to meet rising market demand.
Supported by infrastructure growth, power sector reforms, and smart metering initiatives, INDO SMC Limited aims to enhance its market presence and contribute to India’s evolving power distribution ecosystem.
INDO SMC SME Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2023 | 7.30 | +0.46 | 12.85 |
| FY 2024 | 28.03 | +3.00 | 38.42 |
| FY 2025 | 138.69 | +15.44 | 115.20 |
Note: Positive figures indicate profit, while negative figures indicate loss. All values are as per company financial disclosures and reported in ₹ Cr.
INDO SMC Limited – Objects of the Issue
- Expansion of Manufacturing Capacity – The company intends to utilize the IPO proceeds to expand its manufacturing capabilities by investing in new machinery, upgrading existing facilities, and improving overall production efficiency.
- Working Capital Requirements – A portion of the funds will be used to meet the company’s working capital needs, including procurement of raw materials, inventory management, and supporting day-to-day business operations.
- Strengthening Financial Position – The issue proceeds will help improve the company’s balance sheet by reducing reliance on short-term borrowings and supporting long-term financial stability.
- Product Development & Process Improvement – The company plans to invest in product enhancement, quality improvement initiatives, and process optimization to meet evolving industry and customer requirements.
- General Corporate Purposes – Remaining funds will be used for general corporate purposes, including administrative expenses, brand building, and strategic business initiatives.
INDO SMC Limited – Strengths
- Experienced Leadership & Management Team – The company is led by a management team with strong experience in the electrical equipment and power distribution industry, enabling efficient execution and strategic decision-making.
- Specialized Product Portfolio – INDO SMC Limited offers a focused range of SMC and FRP electrical enclosures and power distribution products that cater to utilities, infrastructure, and industrial customers.
- Growing Presence in Infrastructure Sector – The company benefits from rising demand driven by power distribution upgrades, smart metering projects, and infrastructure development across India.
- Scalable Manufacturing Capabilities – Modern manufacturing processes and capacity scalability allow the company to efficiently handle growing order volumes while maintaining consistent product quality.
- Improving Financial Performance – Strong revenue growth and improving profitability over recent financial years reflect operational efficiency and a strengthening financial position.
INDO SMC Limited – Risks
- Dependence on Infrastructure & Power Sector Demand – A significant portion of the company’s revenue is linked to the power distribution and infrastructure sector. Any slowdown in government spending or project execution may adversely impact business performance.
- Raw Material Price Volatility – Fluctuations in prices of key raw materials used in SMC and FRP products could affect profit margins if cost increases cannot be passed on to customers.
- Customer Concentration Risk – Revenue dependency on a limited number of large customers may expose the company to risks related to order delays, cancellations, or pricing pressure.
- SME Listing & Liquidity Risk – Being listed on the SME platform, the company’s shares may face lower liquidity and higher price volatility compared to mainboard listed companies.
- Operational & Execution Risk – Delays in project execution, manufacturing disruptions, or supply chain constraints could impact timely order fulfillment and overall operational efficiency.
INDO SMC Limited
Electrical Equipment Manufacturer | SMC / FRP Power Distribution Products
| Founded in: | 2011 |
|---|---|
| MD / CEO: | As per Company RHP |
| Address: | Registered Office: Ahmedabad, Gujarat India |
| Website: | www.indosmc.com |
| Phone: | +91 7575812866 |
| Email: | info@indosmc.com |
| Services: | Manufacturing of SMC / FRP electrical enclosures, meter boxes, distribution boxes, feeder pillars and power distribution products for utility, industrial and infrastructure sectors. |
IPO Quick Info
13 Jan 2026
16 Jan 2026
Upcoming
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Frequently Asked Questions
INDO SMC Limited is an Indian manufacturer of SMC and FRP based electrical enclosures and power distribution products used in utilities, infrastructure and industrial projects across India.