INDO SMC IPO Subscribed 1.01x on Day 1

By Jagat Joshi
January 13, 2026
5:58 pm
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By Jagat Joshi
January 13, 2026
No Comments

INDO SMC IPO subscription started on January 13, 2026, and will close on January 16, 2026, as per the schedule. The price band is set at ₹141 to ₹149 per share with a face value of ₹10.

INDO SMC IPO Subscription Status

INDO SMC IPO subscribed over 1.01x on its first day till 5.00 PM on January 13, 2026.

The INDO SMC IPO subscription QIB investors’ portion is 0.00 times, while NII subscribed 1.00 times, and RII investors subscribed 1.60 times.
The company has received bids for 41,65,000 shares against 41,06,000 shares on offer on the first day of subscription.
INDO SMC’s IPO was subscribed over 1.01x on its day 1.

About INDO SMC Company

Indo SMC Limited designs and manufactures a variety of electrical enclosures and switchgear products. These include 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. Its products are made from materials like sheet moulding compounds (“SMC”), fiberglass reinforced pfirstic (“FRP”), copper, mild steel, and stainless steel, etc.

The company runs its operations through its 4 manufacturing facilities situated in Gujarat, Maharashtra, and Rajasthan. The business designs a wide range of products serving electrical, industrial, and infrastructure applications. Indo SMC incorporates advanced machinery and equipment to ensure timely delivery and offer high-quality products to meet the requirements of clients.

INDO SMC IPO GMP

INDO SMC IPO GMP was ₹34 as of Tuesday, 13 January 2026. That indicates the IPO is trading at ₹183 with a ₹34 premium in the grey market against the issue price of ₹149.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.