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IPO-Insights

INDO SMC Ltd. IPO – Subscription Status, Dates, and How to Apply

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Nupur Wankhede

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Explore how INDO SMC Ltd.’s IPO performed on its opening day, including investor participation, key dates, and the process to apply through ASBA or UPI. 

The INDO SMC Ltd. IPO opened for subscription on January 13, 2026, providing an opportunity to invest in a company that is keen on expanding its market footprint. As a significant player in the financial services industry, INDO SMC’s IPO is expected to draw investor attention looking for exposure in the growing SME sector. With a total issue size of ₹91.95 crore, the IPO offers equity shares in the price band of ₹141 to ₹149 per share.

INDO SMC Ltd. IPO Subscription Status

The INDO SMC IPO commenced its subscription on January 13, 2026, offering investors a chance to participate in a company focused on expanding its market reach. With a total issue size of ₹91.95 crore, the IPO is priced within the range of ₹141 to ₹149 per share.

Day 1 Subscription Status (January 13, 2026)

On the first day of bidding, the INDO SMC Ltd. IPO recorded a subscription of 0.71× overall. Retail Individual Investors (RII) showed moderate interest, while Non-Institutional Investors (NII) participated more actively. Qualified Institutional Buyers (QIB) remained inactive on the first day.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.00×

Retail Individual Investors (RII)

1.24×

Non-Institutional Investors (NII)

1.24×

Total

0.71×

The initial response shows early interest from retail investors, but the institutional interest remains absent.

Day 2 Subscription Status (January 14, 2026)

On Day 2, the INDO SMC Ltd. IPO received a total subscription of 1.85×. While Qualified Institutional Buyers (QIBs) remained inactive, both Retail Individual Investors (RII) and Non-Institutional Investors (NII) exhibited a steady increase in their bids.

Investor Category Subscription (Times)

Qualified Institutional Buyers (QIB)

0.00×

Retail Individual Investors (RII)

2.97×

Non-Institutional Investors (NII)

1.73×

Total

1.85×

This reflects a higher interest from smaller investors, with expectations of increasing demand in the coming days.

INDO SMC Ltd. IPO Price Band and Lot Size

The price band for the INDO SMC Ltd. IPO is set between ₹141 and ₹149 per share. Investors can apply for a minimum of 2 lots (2,000 shares), with an investment requirement ranging from ₹2,98,000 to ₹14,90,000.

Investor Category Lots Shares Amount (₹)

Retail (Min/Max)

2

2,000

₹2,98,000

S-HNI (Min)

4

4,000

₹5,64,000

B-HNI (Min)

10

10,000

₹14,90,000

For detailed insights about the company, issue particulars, and the latest updates, visit the INDO SMC Ltd. IPO on Bajaj Markets.

INDO SMC Ltd. IPO Open Date, Close Date, and Allotment Date

The following timeline shows key milestones from the IPO process:

Event Date Details

IPO Open Date

January 13, 2026

Issue opens for subscription

IPO Close Date

January 16, 2026

Last day to submit bids

Basis of Allotment

January 18, 2026

Finalization of share allotment

Refunds Initiation

January 19, 2026

Refunds begin for unallotted investors

Credit of Shares to Demat

January 19, 2026

Shares credited to successful applicants

Listing Date

January 16, 2026

Shares to debut on the exchange

Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.

How to Apply for INDO SMC Ltd. IPO

Investors can apply for the INDO SMC Ltd. IPO using either the ASBA facility through your bank or via UPI on broker platforms.

Through ASBA (Net Banking)

This is a convenient and secure method where your application amount stays blocked until shares are allotted.

  1. Log in to your internet banking account.

  2. Go to the ‘Investments’ or ‘IPO Application’ section.

  3. Select ‘INDO SMC Ltd. IPO’ from the available list.

  4. Enter your preferred bid quantity and price.

  5. Confirm and submit your application.

  6. The bid amount will remain blocked in your account until allotment.

  7. Upon allotment, the amount will be debited, and shares credited to your Demat account.

Through UPI via Broker Platforms

You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.

  1. Log in to your trading account or Demat account on your broker’s platform or financial marketplace.

  2. Navigate to the IPO section and select ‘INDO SMC Ltd. IPO’.

  3. Enter your application details including number of lots and price.

  4. Provide your UPI ID linked to your bank account.

  5. Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).

  6. Funds will be debited only upon share allotment.

  7. Once allotted, shares will be credited directly to your Demat account.

Check other upcoming Ipo’s here: Upcoming IPO

Disclaimer

The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Hi! I’m Nupur Wankhede
BSE Insitute Alumni

With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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