Wiscon Industries IPO: price band, dates, issue structure, and planned use of proceeds

Wiscon Industries Limited, a Delhi-based consumer electronics company operating under the Wiscon brand, is scheduled to open its SME initial public offering (IPO) on 27 October 2026 and close on 29 October 2026, with listing scheduled for 3 November 2026. The price band is set at ₹194 to ₹204 per share and the lot size is 600 shares. The IPO is sized at ₹110 crore and comprises a fresh issue of ₹88.01 crore and an offer for sale (OFS) of ₹22 crore. Fresh issue proceeds will go to the company, while OFS proceeds will go to selling shareholders.

What Wiscon Industries does and where it sells

Wiscon Industries Limited sells a portfolio of consumer electronics and home appliances that includes LED TVs, air coolers, washing machines and air conditioners under the Wiscon brand. The company primarily sells through a business-to-business (B2B) offline customer network, and to a smaller extent through its own website. Customer support is provided through a third-party after-sales service network across India.

Alongside the Wiscon-branded range, the company also trades electric scooters under a third-party brand. This creates a business profile that includes both brand-led selling (Wiscon-branded appliances) and trading activity linked to an external brand.

The company has disclosed that its revenue is concentrated in Delhi, Uttar Pradesh and Haryana, making geographic diversification and distribution expansion a key point to track as the business scales.

IPO terms: pricing, lot size, and investor reservations

The Wiscon Industries IPO is an SME issue with a price band of ₹194 to ₹204 per share. The lot size is 600 shares, which sets the minimum application size based on the final issue price discovered within the band.

The IPO includes both a fresh issue and an OFS. The fresh issue component is designed to fund the company’s stated growth initiatives and funding needs, while the OFS is a sale by existing shareholders.

The reservation structure disclosed for the issue is 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs) and 35% for Retail Individual Investors (RIIs). The offer documents also provide for anchor allocation, with up to 60% of the QIB portion eligible for allocation to anchor investors, and 33.33% of the anchor portion reserved for domestic mutual funds.

As of 23 October 2026, the IPO is marked as upcoming and the subscription window has not yet opened.

Issue objectives: backward integration and brand building

Wiscon Industries has positioned the IPO around growth initiatives centred on backward integration and brand building.

A key part of the plan is investment in its wholly owned subsidiary (WOS), Dalmia Technologies Limited. The company has stated that it plans to invest in Dalmia Technologies for capital expenditure towards plant and machinery, and for the subsidiary’s incremental working capital requirements. In the IPO description, Wiscon Industries has described the plan for two Surface Mount Technology (SMT) lines to assemble printed circuit boards (PCBs) for LED TVs, with the stated intent of improving supply chain control and reducing reliance on external suppliers.

In addition to the subsidiary-focused investments, the company proposes to use a portion of the fresh issue proceeds to meet Wiscon Industries’ working capital requirements, and to fund marketing and promotional activities aimed at increasing brand visibility and expanding geographic reach beyond its current concentration in Delhi, Uttar Pradesh and Haryana. The objects of the issue also include general corporate purposes.

These are proposed uses of funds as set out in the offer documents, and timelines and outcomes will depend on post-IPO execution.

Corporate milestones and operating positioning

Wiscon Industries was incorporated in 2022 as “Wiscon Industries Limited” as a public limited company. In 2025, it acquired Dalmia Technologies Limited as a wholly owned subsidiary through a share transfer agreement and a memorandum of understanding dated 25 May 2025, which is the corporate step underpinning the backward integration plan described in the IPO.

In 2026, the company obtained ISO 9001:2015 certification for the supply and service of LED TVs, air conditioners, washing machines, air coolers and refrigerators. It has also disclosed receiving an “Emerging Consumer Electronics Brand” award at ET Industry Leaders North 2026.

Financial trajectory and disclosed profitability metrics

Across FY2024 to FY2026, the company’s reported financials reflect a shift from loss to profit, alongside a sharp increase in reported revenue and total assets over the period.

In FY2024, the company reported total revenue of ₹3.21 crore and a profit after tax (PAT) of -₹1.36 crore. In FY2025, reported revenue was ₹14.49 crore with PAT of ₹1.25 crore. In FY2026, reported revenue was ₹196.87 crore with PAT of ₹20.41 crore. Over the same period, total assets increased from ₹1.27 crore in FY2024 to ₹9.51 crore in FY2025 and ₹90.75 crore in FY2026.

The offer documents also disclose key performance indicators (KPIs) commonly used by investors to track profitability, returns and leverage. These include earnings per share (EPS) of ₹13.02, a reported EBITDA margin of 15.74% and a reported PAT margin of 11.29%. Return metrics disclosed include return on equity (ROE) of 22.83%, return on capital employed (ROCE) of 14.72% and return on net worth (RoNW) of 20.49%. Leverage is disclosed through a debt-to-equity ratio of 0.96.

For valuation context in the IPO pricing range, the company has disclosed a pre-IPO price-to-earnings (P/E) multiple of 15.67 times and a price-to-book multiple of 10.45 times.

Key risks highlighted and monitoring points after the IPO

Wiscon Industries’ disclosed risk factors include concentration risks and sector-level threats relevant to a consumer electronics seller with a B2B-heavy distribution model.

On the supply side, the company has stated that purchases are highly concentrated among top suppliers and there are no exclusive agreements, which can increase exposure to supplier-side disruptions, pricing changes, or delivery delays.

On the demand side, it has disclosed that a large share of revenue is derived from top customers without long-term contracts, increasing sensitivity to order cancellations and potential knock-on effects such as inventory and carrying costs. The company has also disclosed that sales are fully domestic and heavily tied to Delhi, Uttar Pradesh and Haryana, which can heighten exposure to location-specific disruptions that affect sales and collections.

The offer documents also list broader industry threats including rapid technology obsolescence and short product cycles, changes in government policies, and pricing pressure from e-commerce and brand discounting. The company’s stated weaknesses include inventory holding costs and dependence on consumer demand and purchasing power.

Monitoring points for investors to track as statements, based on the disclosed strategy and risk factors:

• Execution progress on the planned investment into Dalmia Technologies Limited for plant and machinery and incremental working capital, aligned to the SMT/PCB assembly plan for LED TVs.
• Movement in geographic concentration as marketing and distribution efforts aim to expand beyond Delhi, Uttar Pradesh and Haryana.
• Changes in customer and supplier concentration, given the stated reliance on top counterparties without long-term or exclusive agreements.
• Shifts in working capital intensity and leverage indicators after the proposed working capital funding at both the subsidiary and company level.

Complete numeric snapshot

IPO terms and schedule

Key performance indicators and valuation

Category reservations and anchor allocation

Proposed use of fresh issue proceeds

Subscription status (23 Oct 2026)