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.
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.
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.
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.
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.
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.
Investors can apply for the INDO SMC Ltd. IPO using either the ASBA facility through your bank or via UPI on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘INDO SMC Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘INDO SMC Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming Ipo’s here: Upcoming IPO
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