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₹149 - 149
Indo SMC Ltd
Capital Goods - Electrical EquipmentIPOSME
₹149 - 149
Our business comprises (i) a Sheet Moulding Compound ("SMC") division manufacturing energy meter enclosure boxes, SMC sheets and SMC chequered plates, (ii) a Fiberglass Reinforced Plastic ("FRP") division manufacturing grating plates and allied products, and (iii) an electrical components division manufacturing HTCTs, HTPTs, LTCTs, feeder pillars and other power distribution and protection switchgears. SMC enclosures are manufactured in compliance with IS:13410 and IS:14772. The Company maintains in-house testing laboratories, tests all incoming materials and finished goods, and is ISO 14001:2015 certified. FRP products, including moulded gratings and storage tanks, are customised for industrial applications and offer corrosion resistance benefits.
Lot1,000Min Invest₹2,98,000Face Value₹10Issue Size₹92 CrFresh Issue₹92 CrListing Price₹149CMP₹383
Timeline
13 Jan
Bidding opens
16 Jan
Bidding closes
19 Jan
Allotment
20 Jan
Refund & demat credit
21 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹92 Cr0.62 Cr shares
Fresh Issue₹92 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.95% · NII 15.05% · RETAIL 35%
Application Sizes
Retail₹2,98,0001-1 lots
sNII₹2,98,000from 2 lots
bNII₹10,43,000from 7 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Private Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group82.3%60.07%Public17.7%39.93%
Objects of the Issue
- Funding capital expenditure of the company to purchase Plant and Machinery
- Funding the working capital requirements of the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 1 | 7 | 28 | 139 | 310 |
| Operating ProfitCr | 0 | 1 | 5 | 23 | 47 |
| OPM% | 13.6 | 17.1 | 18.3 | 16.9 | 15.1 |
| PBTCr | 0 | 1 | 4 | 19 | 41 |
| PATCr | 0 | 0 | 3 | 17 | 32 |
| EPS | 0 | 0 | 2 | 10 | 18 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 17 | 23 |
| ReservesCr | 0 | 1 | 5 | 20 | 131 |
| BorrowingsCr | 0 | 10 | 18 | 36 | 47 |
| Fixed AssetsCr | - | - | - | - | 21 |
| Total AssetsCr | 5 | 14 | 36 | 100 | 224 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | -3 | -6 | -11 | -35 |
| Investing Cash FlowCr | - | -3 | -2 | -17 | -7 |
| Financing Cash FlowCr | - | 6 | 8 | 31 | 92 |
| Net Cash FlowCr | - | -1 | 0 | 3 | 51 |
Strengths & Risks
Strengths · as stated in the DRHP
- We possess a highly skilled and experienced team with strong engineering expertise. This talent pool allows us to conceptualize and deliver innovative fixture solutions tailored to our clients' needs.
- We have in-house designing team which enables us to manufacture tailor-made products for fulfilment of the client requirements.
- We are equipped with hi-tech, advanced machinery that enhances our production capabilities and ensures precision in manufacturing.
- We have strong order book from government representing a greater revenue growth enabling us to apply for tenders of greater value in future.
- We have wide range of products catering to different sectors like electric utilities, constructions.
Strategies · as stated in the DRHP
- Leveraging our industry expertise and customer insights to identify growth opportunities and expand market presence.
- Expanding Manufacturing Capacity.
- Expanding product offerings to cater to diverse customer needs, tap into new markets, and drive sustained growth.
- Increasing market reach by entering new regions and building robust distribution channels to drive growth and enhance global presence.
Risks · as stated in the DRHP
- Discrepancy in the address mentioned in Factory License, Consents To Establish ("CTE") and Consents to Operate ("CTO") and the Lease Deeds of the INDO SMC Limited (Company) Pirana, Ahmedabad Plant Could have legal implications and could impact the company's Operations.
- Increase in the prices of raw materials could have an adverse effect on its business, results of operations and financial condition.
- The company's revenue is largely dependent on the orders received from the customers through competitive bidding process.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate the company's business, any failures to obtain, retain and renew such approvals and licenses or comply with such rules and regulations may adversely affect its operations.
- The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of raw materials from such selective suppliers and geographical location could have a material adverse effect on its business operations and financial conditions.
- The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.