New Delhi-based consumer electronics firm Wiscon Industries will launch its Rs 110 crore IPO on October 27, with a price band of Rs 194-204 per share. The company plans to use the proceeds for plant expansion and working capital, though investors should note its high reliance on B2B revenue and the risks associated with SME platform listings.
Wiscon Industries, a consumer electronics manufacturer based in New Delhi, has announced its initial public offering (IPO) to raise Rs 110 crore. The issue will be open for public subscription from October 27 to October 29, with a price band set at Rs 194 to Rs 204 per share. Institutional investors will have access to the anchor book one day prior, on October 26. The shares are scheduled to list on the BSE SME platform on November 3.
The total issue size includes the issuance of 43.14 lakh fresh equity shares and an offer-for-sale (OFS) of 10.78 lakh shares by promoter Sidhant Dalmia. The company intends to direct Rs 50 crore of the proceeds to its subsidiary, Dalmia Technologies, for capital expenditure related to new plant and machinery. A further Rs 17 crore is allocated for working capital needs, with Rs 5.2 crore designated for promotional activities, and the remainder intended for general corporate use.
From a business perspective, Wiscon Industries operates in the consumer electronics space, supplying items like air conditioners, air coolers, washing machines, and LED televisions. A notable characteristic of the company’s business model is its revenue concentration. During the fiscal year 2026, approximately 99 percent of its earnings were derived from the business-to-business (B2B) segment. For investors, this high concentration in B2B implies that the company’s revenue stability is closely tied to the demand from a smaller group of corporate clients, rather than a broad consumer base. Any volatility or change in contract status with these key clients could impact operational performance.
Since the company is listing on the BSE SME platform, investors should consider the liquidity risks often associated with small and medium enterprise listings. Shares on these platforms may experience lower trading volumes compared to the mainboard, which can make it more challenging to enter or exit positions. Additionally, while the capital is earmarked for expansion, the successful execution of this growth strategy relies on the timely commissioning of new plant capacity by Dalmia Technologies. The overall progress of the IPO, including the subscription levels in the anchor and retail portions, will be the next key monitorables for potential investors.