The initial public offering of INDO SMC Ltd has captured significant investor attention. The SME IPO witnessed a massive subscription of more than 110 times during its bidding period. Investors are now eagerly awaiting the allotment of shares, which is likely to happen today, January 19, 2026.
INDO SMC IPO Allotment and Listing Timeline
The public issue opened for subscription on January 13 and closed on January 16. Following the closure, the company is expected to finalize the basis of allotment today. Once this process is complete, the equity shares will be credited to the demat accounts of successful allottees on January 20.
Refunds for unsuccessful bidders will also be initiated on the same day. The official listing of INDO SMC shares on the BSE SME platform is scheduled for January 21, marking the company's debut on the stock exchange.
How to Check INDO SMC IPO Allotment Status Online
Investors can check their allotment status through two primary portals. Kfin Technologies serves as the official registrar for this IPO.
To check status on the BSE website:
- Visit the BSE allotment status page.
- Select 'Equity' as the issue type.
- Choose 'INDO SMC Limited' from the dropdown menu.
- Enter your application number or PAN details.
- Complete the verification and click 'Search'.
To check status on the registrar's portal:
- Visit the Kfin Technologies IPO status website.
- Select 'INDO SMC Limited' from the IPO dropdown.
- Choose your identification method: application number, demat account, or PAN.
- Enter the required details.
- Input the captcha code and submit.
Your allotment status will be displayed on the screen after completing these steps.
Strong Grey Market Premium Indicates Positive Sentiment
INDO SMC shares are commanding a robust grey market premium of ₹25 per share. This premium suggests that in unofficial trading circles, the shares are trading ₹25 higher than their issue price.
With an issue price band of ₹141 to ₹149 per share, the current GMP points to an estimated listing price of around ₹174 per share. This represents a premium of nearly 17% over the upper end of the price band, indicating strong investor confidence ahead of the listing.
Subscription Details and Fundraising
The IPO price band was set between ₹141 and ₹149 per share. At the upper limit, the company successfully raised ₹91.95 crore through a fresh issue of 61.71 lakh equity shares.
The subscription numbers reveal overwhelming interest across investor categories:
- Retail individual investors subscribed 96.13 times their allotted portion.
- Qualified Institutional Buyers showed interest with 94.94 times subscription.
- Non-Institutional Investors led the demand with 164.59 times subscription.
Overall, the public issue achieved a subscription rate of 110.49 times, demonstrating strong market appetite for the offering.
GYR Capital Advisors Pvt. Ltd. acted as the book running lead manager for this IPO, while Kfin Technologies Ltd. served as the registrar. The successful subscription and positive grey market signals set the stage for an interesting listing on Wednesday.
