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INDO SMC Limited, incorporated in 2021, specializes in designing and manufacturing electrical and industrial components. The company operates through three main divisions: Sheet Moulding Compound (SMC), which produces energy meter enclosures and plates; Fiberglass Reinforced Plastic (FRP), which manufactures gratings and allied products; and an electrical components division that produces current and potential transformers, feeder pillars, and switchgears. With ISO certifications for quality and environmental management, INDO SMC Limited operates manufacturing facilities in Gujarat, Maharashtra, and Rajasthan, serving various industries with a focus on durable and high-performance products.
Jan 13, 2026
Jan 16, 2026
Jan 21, 2026
SME
Closed
91.95 Cr
91.95 Cr
0 Cr
₹141 - ₹149
1000
The objects for which the Net Proceeds from the Fresh Issue shall be utilised are as follows:
Funding capital expenditure of up to ₹25.71 crores to purchase plant and machinery for expanding and upgrading manufacturing units in Pirana (Ahmedabad), Ghiloth (Rajasthan), and Nashik (Maharashtra) to increase production capacity and introduce new products.
Funding the working capital requirements of the company with up to ₹52.00 crores to support increased operational scale, manage inventory, and finance trade receivables amid significant business growth in fiscal years 2026 and 2027.
To meet general corporate purposes, which may include operating expenses, business development, marketing capabilities, and addressing unforeseen exigencies in the ordinary course of business.
16.1
9.25
27.66%
17.5%
24.3%
—
10.18%
15.27%
5.27
Established player with expertise in manufacturing Sheet Moulding Compound (SMC), Fiber-Reinforced Polymer (FRP), and Pultrusion products.
Utilizes advanced machinery and equipment in manufacturing processes to ensure high product quality and operational efficiency.
Demonstrates optimum utilization of resources and financial discipline, enabling productivity even with limited liquidity.
Possesses strong in-house technical expertise complemented by an experienced promoter and leadership team with a clear strategic vision.
Operates in a highly competitive and fragmented market, facing pressure from both established players and new entrants.
Growth and modernization are constrained by limited access to capital expenditure (Capex) resources.
Significant potential for growth through the expansion of manufacturing capacity by setting up new plants in South and North India.
Growing demand for durable, lightweight, and cost-effective products like SMC boxes and FRP solutions across multiple industries.
Favourable government policies such as the Revamped Distribution Sector Scheme (RDSS) and Smart National Metering Program (SNMP) create a conducive environment for securing new projects.
Products are user-friendly with wide acceptance across various industries, facilitating market penetration and adoption.
Vulnerability to fluctuations in global economic conditions and volatility in raw material commodity prices, which can impact profit margins.
Uncertainty arising from frequent changes in regulatory frameworks and government policies, requiring rapid adaptation.
Geopolitical tensions and international trade restrictions can disrupt the supply of raw materials and limit access to foreign markets.
Intensified competition from the potential entry of large, resourceful companies with significant capital and brand strength into the market.
INDO SMC Limited, incorporated in 2021, specializes in designing and manufacturing electrical and industrial components. The company operates through three main divisions: Sheet Moulding Compound (SMC), which produces energy meter enclosures and plates; Fiberglass Reinforced Plastic (FRP), which manufactures gratings and allied products; and an electrical components division that produces current and potential transformers, feeder pillars, and switchgears. With ISO certifications for quality and environmental management, INDO SMC Limited operates manufacturing facilities in Gujarat, Maharashtra, and Rajasthan, serving various industries with a focus on durable and high-performance products.
The INDO SMC Ltd IPO is scheduled to open for subscription on Jan 13, 2026 and close on Jan 16, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the INDO SMC Ltd IPO is ₹141 to ₹149. Investors can place bids within this range once the issue opens.
The minimum lot size for the INDO SMC Ltd IPO is 1000 shares. The minimum investment amount ₹1,49,000.
The total issue size of the INDO SMC Ltd IPO is approximately ₹91.95. Issue size represents the total value of shares offered to the public.
As per the latest available information, the INDO SMC Ltd IPO has been subscribed 2.05 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the INDO SMC Ltd IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of INDO SMC Ltd are expected to list on stock exchanges on Jan 21, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the INDO SMC Ltd IPO are proposed to be used for The objects for which the Net Proceeds from the Fresh Issue shall be utilised are as follows:, Funding capital expenditure of up to ₹25.71 crores to purchase plant and machinery for expanding and upgrading manufacturing units in Pirana (Ahmedabad), Ghiloth (Rajasthan), and Nashik (Maharashtra) to increase production capacity and introduce new products., Funding the working capital requirements of the company with up to ₹52.00 crores to support increased operational scale, manage inventory, and finance trade receivables amid significant business growth in fiscal years 2026 and 2027., To meet general corporate purposes, which may include operating expenses, business development, marketing capabilities, and addressing unforeseen exigencies in the ordinary course of business.
Before applying for the INDO SMC Ltd IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
