The initial public offering of INDO SMC Ltd which opened for subscription on Tuesday, will conclude its bidding process on Friday, January 16, 2026.
The SME IPO which was fully subscribed on Day 1, has seen further gains with subscription crossing 30x on the final day of bidding. The grey market premium (GMP) for the INDO SMC IPO continues to draw attention from private market investors with current GMP suggesting over 20% listing gains.
Here's everything you need to know about the SME issue of INDO SMC Ltd. including the latest GMP, subscription numbers, allotment and listing date and steps to check allotment status.
INDO SMC IPO GMP
According to InvestorGain, the latest GMP for INDO SMC IPO is Rs 32 on January 16. With an upper price band of Rs 149, the IPO's estimated listing price is around Rs 181 per share, combining the cap price and today's GMP. This indicates an expected gain of approximately 21.48% per share for investors.
Note: GMP does not represent official data and is based on speculation.
Also Read: Shadowfax Technologies IPO GMP Indicates Positive Listing Gains Ahead Of Launch
INDO SMC IPO Latest Day 3 Subscription Status
The IPO has been booked 38.70 times so far on Friday.
- Qualified Institutional Buyers (QIBs): 34.82 times
- Non Institutional Investors: 45.33 times
- Individual Investors: 38.90 times
Investors have bid for 17,39,24,000 shares against the 44,15,000 on offer, according to BSE data.
About INDO SMC IPO
INDO SMC IPO is a book-built issue worth Rs 91.95 crore, entirely a fresh issue of 62 lakh shares. The Ahmedabad-based company designs and manufactures a diversified range of products serving electrical, industrial and infrastructure sectors.
The price band is Rs 141–Rs 149 per share, with a minimum application lot of 1,000 shares. Retail investors need to invest at least Rs 2,98,000 (2,000 shares at the upper price). GYR Capital Advisors Pvt. Ltd. is the lead manager, and KFin Technologies Ltd. is the registrar.
INDO SMC IPO Allotment And Listing Date
The share allotment status for the IPO is expected to be completed on Monday, January 19. INDO SMC shares are expected to list on BSE SME on Wednesday, January 21.
Where And How To Check INDO SMC IPO Allotment Status
Investors who bid for the SME IPO can verify their share allotment status on the websites of BSE and Kfin Technologies. Follow the step-by-step guide provided below to check INDO SMC IPO allotment status
On BSE:
Visit the BSE allotment page here.
Under the Issue Type field, select Equity.
From the Issue Name dropdown, choose the company name 'INDO SMC Limited'.
Enter your Application Number or PAN.
Complete the Captcha verification.
Click Search to check your allotment status.
On Kfin Technologies:
Go to the KFinTech IPO allotment page here: https://ipostatus.kfintech.com/
From the IPO Name dropdown, select 'INDO SMC Ltd'.
Choose an identification method: PAN, Application Number or Demat Account.
Enter the details for the selected method.
Click Submit to view your allotment status.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.