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15 Days Price Change

Indo Smc IPO

Closing In

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Profile
Issue Size 65.78 Cr
Profile
Price Range 141  to  149 per share
Profile
Min Investment ₹149
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our business primarily comprises of (i) sheet moulding compound division, under which we manufactureenclosure box for energy meters, SMC sheet and SMC chequered plates, (ii) fiberglass reinforced plastic in whichwe manufacture grating plates and (iii) electrical component division where we manufacture HTCT, HTPT,LTCT, feeder pillars and other power distribution and circuit protection switchgears. In SMC enclosure box, wefollow Indian Standards (“IS”) which are IS:13410 for SMC materials and IS:14772 for enclosure. Our Companyhas in-house testing laboratories to ensure products meet quality requirements and suitable material composition.All the incoming materials are tested, and the finished product must comply with quality standards. Along withthese quality certifications quality checks, we have been certified with ISO 14001:2015 for the above productwhich we are manufacturing and supplying to our customers. In FRP, products such as FRP pultruded products,FRP moulded gratings and FRP storage tanks, these products are customized to a variety of industrial applications.FRP is a composite material made of polymer resins reinforced with fibres like fibreglass, carbon, or aramid. Thiscombination has many advantages, including corrosion resistance, chemical resistance, high strength, lightweightcharacteristics, electrical and thermal non-conductivity, and ease of manufacturing. Read More

Basic Info

Face Value 10 per share

Price 141  to  149 per share

P/E (x) 15.5

Sales( Cr.) 139

PAT( Cr.) 15

EPS 9.6

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Nitin Jasvantbhai Patel Neel Niteshbhai Shah Riktabahen Sonawala Chaitanya Patel Rachit Jain

Pre Issue Share Holding 82.3%

Post Issue Share Holding 48.1%

Listing Details:

Listing Price: 149

Listing Gain: 0%

Current Price: 259.9

Gain On Issue: 259.9 | 0%

GMP: 10

GMP %: 6.7 %

IPO Tentative Timetable

Opening Date Jan 13, 2026
Closing Date Jan 16, 2026
Allotment Jan 19, 2026
Refund Jan 20, 2026
Delivery of Shares Jan 20, 2026
Listing Date Jan 21, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 298,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 298,000
S-HNI (Max) 3 6000 894,000
B-HNI (Min) 4 8000 1,192,000

Objective of the Issue

1. Funding capital expenditure of our company to purchase Plant and Machinery 2. Funding the Working Capital requirements of the company 3. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 1172000 111265000 94.9x
NII 1191000 145474000 122.1x
Retail 2052000 197252000 96.1x
EMP 0 0 0x
Total 4415000 453991000 102.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Indo Smc Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 7 28 139
Other Income 0 0 0
Total Income 7 28 139
Total Expenditure 6 23 115
Operating Profit 1 5 23
Interest 0 1 4
Depreciation 0 0 1
Exceptional Income / Expenses 0 0 0
Profit Before Tax 1 4 19
Provision for Tax 0 1 4
Profit After Tax 0 3 15
Adjustments 0 0 0
Profit After Adjustments 0 3 15
Adjusted Earnings Per Share 0.3 2 9.3

Indo Smc Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 6 36
Minority's Interest 0 0 0
Borrowings 4 5 6
Other Non-Current Liabilities 0 -1 -1
Total Current Liabilities 9 26 58
Total Liabilities 14 35 99
Fixed Assets 5 7 16
Other Non-Current Assets 0 0 9
Total Current Assets 8 28 74
Total Assets 14 35 99

Indo Smc Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0
Cash Flow from Operating Activities -3 -6 -14
Cash Flow from Investing Activities -3 -2 -17
Cash Flow from Financing Activities 6 8 31
Net Cash Inflow / Outflow -1 0 0
Closing Cash & Cash Equivalent 0 0 0

Indo Smc Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.33 1.96 9.25
CEPS(Rs) 0.49 2.22 9.75
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 0.86 3.77 21.39
Core EBITDA Margin(%) 17.05 18.34 16.88
EBIT Margin(%) 14.03 17 16.34
Pre Tax Margin(%) 8.65 13.17 13.78
PAT Margin (%) 6.24 10.71 11.13
Cash Profit Margin (%) 9.26 12.15 11.73
ROA(%) 3.29 12.18 23.04
ROE(%) 38.86 86.23 74.45
ROCE(%) 8.82 27.16 47.74
Receivable days 69.45 65.1 73.45
Inventory Days 239.43 131.21 42.89
Payable days 136.97 131.7 55.41
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 1.52 0.65 0.36
EV/Core EBITDA(x) 8.88 3.51 2.11
Net Sales Growth(%) 0 284.26 394.73
EBIT Growth(%) 0 365.49 375.61
PAT Growth(%) 0 559.84 414.08
EPS Growth(%) 0 486.73 373
Debt/Equity(x) 8.9 3.05 1
Current Ratio(x) 0.94 1.07 1.27
Quick Ratio(x) 0.4 0.48 0.97
Interest Cover(x) 2.61 4.44 6.38
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 396% 0% 0% 0%
Operating Profit CAGR 360% 0% 0% 0%
PAT CAGR 400% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 74% 67% 67% 67%
ROCE Average 48% 28% 28% 28%

Company Contact Information

Indo Smc Ltd.

Avani Patel

+91 7575812866

cs@indosmc.com

809, Shilp Zaveri Shyamal Cross Road Vejalpur, Shyamal Ambawadi

IPO Lead Manager(s)

Indo Smc Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Indo Smc Ltd.

KFIN Technologies Ltd.

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Kurla, Mumbai, Mumbai, Maharashtra, India, 400070

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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