Indo SMC SME IPO Opens Jan 13; GMP Signals Promising Listing
Indo SMC SME IPO Opens Jan 13; GMP Signals Promising Listing
Ashish Kacholia-backed Indo SMC SME IPO opens with strong demand signals and a healthy GMP, aiming to fund plant expansion and working capital.
Indo SMC is set to launch its SME IPO on January 13, inviting subscriptions for 62 lakh fresh shares at a upper price band of Rs 149. The issue is scheduled to close on January 15, with the listing expected on the BSE SME platform around January 20. Ashish Kacholia holds a 3.36% stake in the company, which operates across sheet moulding compound, FRP products, and electrical components like current and potential transformers. The grey market premium (GMP) currently stands at Rs 31, suggesting a potential listing near Rs 180 per share; however, GMP is indicative and can shift with market conditions on listing day. Allotment is anticipated on January 16, 2026, and demat credit to successful applicants is likely on January 19, 2026. Proceeds from the issue will be used for capital expenditure to purchase plant and machinery, enhance working capital, and support general corporate purposes. Indo SMC reported FY25 total income of Rs 138.78 crore with a PAT of Rs 15.44 crore, underscoring solid operating leverage, while for the half-year ended September 30, 2025, the company posted total income of Rs 112.62 crore and a PAT of Rs 11.46 crore. These figures reflect ongoing growth momentum and a robust profitability backdrop backing the SME listing.
