
Materials & Chemicals · BSE
INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products serving electrical, industrial, and infrastructure applications, including enclosure boxes for energy meters, high and low tension current and potential transformers, LT/HT distribution boxes and panels, FRP gratings, junction boxes, feeder pillars, and other power distribution and circuit protection switchgears. The company has in-house testing laboratories to ensure quality standards and appropriate material composition, and currently operates four manufacturing facilities located across Gujarat, Maharashtra, and Rajasthan, with its Ahmedabad unit dedicated to SMC and FRP products and equipped with advanced machinery and handling systems to support efficient and reliable production.
Price Band
₹141 – ₹149
Issue Size
₹91.94 Cr
Lot Size
1000 shares
GMP
+4.0%
Est. Listing
₹155
at current GMP
Subscribed
110.45x
overall
Open
13 Jan 2026
Close
16 Jan 2026
Allotment
19 Jan 2026
Refund
20 Jan 2026
Demat Credit
21 Jan 2026
Listing
21 Jan 2026
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹149
Band: ₹141 – ₹149
Estimated Listing Price
₹155
Upper price + GMP
Lot Size
1000 shares
Min investment ₹1,49,000
Estimated Profit / Lot
₹6,000
1000 × ₹6
Grey Market Premium trend
+₹6
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹6 | 4.0% | ₹155 |
| 30 Oct 2026 | +₹6 | 4.0% | ₹155 |
| 29 Oct 2026 | +₹5 | 3.6% | ₹154 |
GMP is unofficial market data. Not a guarantee of listing performance.
INDO SMC Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹91.94 Crores. The shares are offered at a price band of ₹141 to ₹149 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-01-16, the basis of allotment is scheduled to be finalized on 2026-01-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
The latest grey market premium for INDO SMC Limited IPO is ₹6, which indicates an expected listing price of ₹155.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.