Indo Smc Ipo
INDO SMC IPO Review & Key Points
Review: Neutral
Rating: 2
IPO Lead Managers aka Merchant Bankers
GYR Capital Advisors Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,98,000 |
| Retail Maximum | 2 | 2,000 | ₹2,98,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,47,000 |
| S-HNI Maximum | 6 | 6,000 | ₹8,94,000 |
| B-HNI Minimum | 7 | 7,000 | ₹10,43,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 17,56,000 Shares | 28.46% |
| QIB (Ex. Anchor) | 11,72,000 Shares | 18.99% |
| NII Shares Offered | 8,82,000 Shares | 14.29% |
| Retail Shares Offered | 20,52,000 Shares | 33.25% |
| Anchor Bidding Date | January 12, 2026 |
| Anchor Investors List | |
| Shares Offered | 17,56,000 Shares |
| Anchor Size | 26.16 Cr. |
| lock-in period end date 50% shares (30 Days) | February 15, 2026 |
| lock-in period end date 50% shares (90 Days) | April 16, 2026 |
| IPO Open Date: | January 13, 2026 |
| IPO Close Date: | January 16, 2026 |
| Basis of Allotment: | January 19, 2026 |
| Refunds: | January 20, 2026 |
| Credit to Demat Account: | January 20, 2026 |
| IPO Listing Date: | January 21, 2026 |
| IPO Bidding Cut-off Time: | January 16, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,66,84,350 | 82.30% |
| Promoter Holding Post Issue | 2,28,55,350 | 60.07% |
| Purpose | Crores |
| Funding capital expenditure of the company to purchase Plant and Machinery | ₹25.71 |
| Funding the working capital requirements of the company | ₹52.00 |
| General Corporate Purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹7.30 | ₹6.66 | ₹0.46 | ₹99.94 |
| 2024 | ₹28.06 | ₹24.37 | ₹3.00 | ₹99.94 |
| 2025 | ₹138.78 | ₹119.67 | ₹15.44 | ₹13.85 |
| September 2025 | ₹112.62 | ₹98.58 | ₹11.46 | ₹147.67 |
| KPI | Values |
| ROE: | 74.45% |
| ROCE: | 31.39% |
| EBITDA Margin: | 16.45% |
| PAT Margin: | 11.13% |
| Debt to equity ratio: | 1.00 |
| Earning Per Share (EPS): | ₹9.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.27% |
| Net Asset Value (NAV): | ₹21.39 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aeron composite limited | 7.84 | 13.01 | 13.21% | 59.33 | 220.76 Cr. |
| RMC switch gear limited | 29.81 | 14.75 | 29.40% | 101.39 | 319.42 Cr. |
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| IPO Open Date | January 13, 2026 |
| IPO Close Date | January 16, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹141 to ₹149 Per Share |
| Issue Size | Approx ₹92 Crores |
| Fresh Issue | Approx ₹92 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |