The INDO SMC IPO is set to launch on January 13, 2026, as an SME issue seeking to raise ₹92 crores. The price band is ₹141 – ₹149 per share, and the minimum application lot is 2,000 shares.
Prior to the subscription, its grey market premium (GMP) has fluctuated, recording a high of ₹35 on January 10th and a low of ₹25 on January 7th.
Track the daily Grey Market Premium (GMP) and Kostak rates for the INDO SMC IPO.
| Date | IPO GMP | GMP Trend | Gain |
| 16 January | ₹32 |  | 21.48% |
| 13 January | ₹34 | | 22.81% |
| 12 January | ₹35 |  | 23.49% |
| 10 January | ₹35 | | 23.49% |
| 9 January | ₹25 | | 16.78% |
| 8 January | ₹25 | | 16.78% |
| 7 January | ₹25 | | 16.78% |
INDO SMC IPO Details
| IPO Date | 13 to 16 Jan, 2026 |
| Listing Date | Wed, Jan 21, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹141 to ₹149 |
| Issue Price | ₹149 per share |
| Lot Size | 1,000 Shares |
| Issue Size | Approx ₹92 Crores |
| Issue Type | Book building IPO |
| Listing At | BSE SME |
INDO SMC IPO Dates
| IPO Open Date | Tue, Jan 13, 2026 |
| IPO Close Date | Fri, Jan 16, 2026 |
| Tentative Allotment | Mon, Jan 19, 2026 |
| Refunds | Tue, Jan 20, 2026 |
| Credit of Shares to Demat | Tue, Jan 20, 2026 |
| Tentative Listing Date | Wed, Jan 21, 2026 |
About the Business
Indo SMC Limited is a manufacturer of electrical enclosures and switchgear products. It designs and produces a diverse range of items such as energy meter boxes, high-tension and low-tension current and potential transformers (HTCT, HTPT, LTCT), distribution boxes and panels, junction boxes, feeder pillars, and fiberglass grating.
Utilizing materials like sheet moulding compounds (SMC), fiberglass reinforced plastic (FRP), copper, mild steel, and stainless steel, the company operates four manufacturing facilities located in Gujarat, Maharashtra, and Rajasthan. Its products serve electrical, industrial, and infrastructure applications. Indo SMC employs advanced machinery and equipment to ensure timely delivery and maintain high-quality standards for its clients.
