INDO SMC Ltd is engaged in the design and manufacture of a diversified range of products catering to electrical, industrial, and infrastructural applications.
The company design and manufacturing of enclosure box for energy meters, high tension current transformer (“HTCT”), high tension potential transformer (“HTPT”), low tension current transformer (“LTCT”), LT/HT distribution boxes and panels, fiberglass reinforced plastic (“FRP”) Grating, junction boxes, feeder pillars and other power distribution and circuit protection switchgears.
The company has in-house testing laboratories to ensure products meet quality requirements and suitable material composition.
The company currently operate through four manufacturing facility, located at Gujarat, Maharashtra and Rajasthan. The manufacturing facility at Ahmedabad where they manufacture SMC and FRP products, comes equipped with a variety of machinery and other handling tools to guarantee appropriate product handling and efficient production.
Competitive Strengths:
- Diverse Product Range
- Strong Manufacturing Capabilities
- Industry Expertise and Leadership
- Robust Quality Assurance and control
- Established relationship with customers
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure of the company to purchase Plant and Machinery | ₹26 |
| Funding the working capital requirements of the company | ₹52 |
| General Corporate Purposes | — |
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 148 | 100 | 36 |
| Revenue | 113 | 139 | 28 |
| PAT | 11 | 15 | 3 |
| EBITDA | 17 | 23 | 5 |
| Net Worth | 47 | 36 | 6 |
| Reserves | 30 | 19 | 5 |
| Total Borrowing | 49 | 36 | 18 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,928,000 (47%) | — |
| NII / HNI | — | 882,000 (14%) | — |
| Retail (RII) | — | 2,052,000 (33%) | — |
| Market Maker | — | 309,000 (5%) | — |
| Total | — | 6,171,000 (100%) | — |
* Amount calculated at upper price band (₹149) · ** Total includes all investor categories
- 1 Initiation of Refund 19 Jan 2026
- 2 Credit of Shares to Demat 19 Jan 2026
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 15x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹10 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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