Whalesbook
IPO Details
Indo SMC Limited is set to launch its Initial Public Offering (IPO) on January 13, 2026, with a price band of ₹141 to ₹149 per share. The subscription window will close on January 16, 2026, and the shares are tentatively scheduled to list on the BSE SME platform on January 21, 2026.
The company plans to raise INR 91.95 crores through the issuance of 61,71,000 fresh equity shares. These funds are earmarked for capital expenditure to acquire plant and machinery, bolster working capital requirements, and for general corporate purposes.
Company Overview
Established in 2021, Indo SMC Limited operates across three core verticals: Sheet Moulding Compound (SMC) products, Fibreglass Reinforced Plastic (FRP) products, and electrical components, including current and potential transformers. The company boasts state-of-the-art manufacturing facilities in Ahmedabad, Nashik, and Rajasthan, supported by in-house R&D, testing, and mould development capabilities.
Indo SMC caters to power distribution, infrastructure, and industrial applications, with a significant presence across over 20 Indian states and an expanding export footprint. It holds approved vendor status with multiple State Electricity Boards, DISCOMs, and government utilities, highlighting its established market position.
Financial Highlights
For the fiscal year FY25, Indo SMC Limited reported a total income of ₹13,877.92 lakh and a Profit After Tax (PAT) of ₹1,544.09 lakh. The company demonstrated continued growth momentum in the half-year ended September 30, 2025, achieving a total income of ₹11,261.89 lakh and PAT of ₹1,145.51 lakh. As of November 30, 2025, the company held an order book valued at ₹11,166.50 lakh.
Investor Confidence
The issue is notably backed by renowned Indian equity investor Ashish Kacholia, who holds a 3.36 per cent stake in the company. This significant holding underscores strong investor confidence in Indo SMC’s growth strategy, execution capabilities, and fundamental business strength.