BSE List Price : ₹149.00

subscription

Category	Times
QIBs	94.94x
HNIs	164.94x
Retail	96.13x
Total : 110.57x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹298,000
Retail Maximum	2	2,000	₹298,000
S-HNI Minimum	3	3,000	₹447,000
S-HNI Maximum	6	6,000	₹894,000
B-HNI Minimum	7	7,000	₹1,043,000

About the Company

Indo SMC Limited is engaged in the design and manufacture of a wide range of electrical enclosures and switchgear solutions. Its product portfolio includes 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 gratings. These products are manufactured using materials such as sheet moulding compounds (SMC), fiberglass reinforced plastic (FRP), copper, mild steel, and stainless steel.

The company operates through four manufacturing units located across Gujarat, Maharashtra, and Rajasthan. Indo SMC caters to diverse electrical, industrial, and infrastructure requirements by offering a broad range of customized products. It utilizes modern machinery and advanced equipment to maintain product quality, ensure timely execution, and meet client specifications effectively.

Company Financial Report

_{Amount ₹ in Crores}

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

Company Promoter

Mr. Nitin Jasvantbhai Patel

Mr. Neel Niteshbhai Shah

Mrs. Riktabahen Sonawala

Mr. Chaitanya Patel

Mr. Rachit Jain

Know before investing

• • Strengths

  Robust manufacturing capabilities – Multiple production facilities across locations, equipped with specialized machinery, enable efficient operations and scalable growth.

  Wide product portfolio – Caters to various electrical and infrastructure applications, minimizing reliance on any single product.

• • Risks

  Regulatory and documentation risk – Inconsistencies in factory licenses, CTE/CTO approvals, and lease agreements at the Pirana (Ahmedabad) facility may result in legal and operational challenges.

  Dependence on competitive tendering – A significant portion of revenue relies on securing bids, where pricing pressure and unsuccessful tenders may affect growth and earnings.

Objects of the Issue & Utilisation of proceeds

Funding capital expenditure of the company to purchase Plant and Machinery.
Funding the working capital requirements of the company.
General Corporate Purposes.

Company  Address

INDO SMC Ltd Address
809,
Shilp Zaveri Shyamal Cross Road,
Vejalpur, Shyamal,
Ahmedabad, Gujarat, 380006
Phone: +91 7575812866
Email: cs@indosmc.com
Website: https://indosmc.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: austere.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

May Apply