Indo SMC IPO
Industrial Equipment - Listed on 21 January 2026
Indo SMC IPO listing summary
Indo SMC (Industrial Equipment) closed its IPO window in 2026 and listed on NSE and BSE on 21 January 2026 at an upper band issue price of Rs 149, opening at Rs 149 for a listing gain of 0.0% and closing day one at Rs 154.8 (+3.9% on closing basis). The IPO was subscribed 110.57x overall - QIB 94.94x, HNI/NII 164.94x, Retail 96.13x. The total issue size was Rs 91.95 Cr (Fresh Issue Rs 91.95 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Indo SMC IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 24 | +16.11% |
| Day 2 | Rs 27 | +18.12% |
| Day 3 | Rs 32 | +21.48% |
| Day 4 | Rs 31 | +20.81% |
| Day 5 | Rs 31 | +20.81% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Indo SMC IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Indo SMC IPO - FAQs
What was the listing gain of Indo SMC IPO?
Indo SMC IPO listed at 0.0% versus the upper issue price of Rs 149 on 21 January 2026.
How many times was Indo SMC IPO subscribed?
Indo SMC IPO was subscribed 110.57x overall. QIB portion was subscribed 94.94x, HNI / NII 164.94x and Retail 96.13x.
What was the IPO GMP for Indo SMC?
IPO GMP started at Rs 24 on Day 1 and moved to Rs 31 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.