Indo SMC SME IPO GMP History
Indo SMC SME IPO has been listed on January 21, 2026 at a listing price of ₹149, against the issue price of ₹149 — a gain of ₹0 (+0%). The GMP peaked at ₹36 on 13 January 2026 and reached a low of ₹10 on 21 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Indo SMC SME IPO raised ₹92 Cr. Cr. through its IPO at a price band of ₹₹141 to ₹149 per share, with a lot size of 2,000 shares. The IPO was open for subscription from 12 Jan 2026 to 16 Jan 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:56 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Jan 2026 | ₹ 10 | ▼ | 7% | — | ₹ 7500 |
| 20 Jan 2026 | ₹ 25 | — | 17% | — | ₹ 19000 |
| 19 Jan 2026 | ₹ 25 | ▼ | 17% | — | ₹ 19000 |
| 16 Jan 2026 | ₹ 32 | — | 21% | — | ₹ 24300 |
| 15 Jan 2026 | ₹ 32 | — | 21% | — | ₹ 24300 |
| 14 Jan 2026 | ₹ 32 | ▼ | 21% | — | ₹ 24300 |
| 13 Jan 2026 | ₹ 36 | ▲ | 24% | — | ₹ 27400 |
| 12 Jan 2026 | ₹ 35 | ▲ | 23% | — | ₹ 26600 |
| 10 Jan 2026 | ₹ 31 | — | 21% | — | ₹ 23600 |
| 09 Jan 2026 | ₹ 31 | ▲ | 21% | — | ₹ 23600 |
| 07 Jan 2026 | ₹ 0 | — | -- | — | ₹ 20000 |
Indo SMC SME IPO dates
Key dates from opening to listing. Today is 17 October.
- Open 12 Jan 2026
- Close 16 Jan 2026
- Allotment 19 Jan 2026
- Refund/credit 20 Jan 2026
- Listing 21 Jan 2026
Indo SMC SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹149 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 21 Jan, 2026 |
| Actual listing price | ₹149 (+0%) |
Is Indo SMC SME IPO GMP reliable?
Grey market premium for Indo SMC SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Indo SMC SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Indo SMC SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Indo SMC SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹7500. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Indo SMC SME IPO
Indo SMC was established with the objective of providing quality solutions in the engineering and manufacturing space, gradually building its reputation over the years. The company has been promoted by experienced professionals who bring industry knowledge and technical expertise, helping it expand its operations and strengthen its market position. With a focus on innovation and customer requirements, the company has developed long-standing relationships with clients across various sectors.
The company is primarily engaged in offering a range of products and services related to industrial components and systems, catering to sectors such as manufacturing and infrastructure. Its business model is centred on delivering customised solutions, maintaining product quality, and ensuring timely execution. Indo SMC generates revenue through direct sales and long-term client partnerships, while continuously working on improving efficiency and expanding its presence in both domestic and select international markets.
Frequently asked
What is the GMP of Indo SMC SME IPO?
The current Grey Market Premium (GMP) of Indo SMC SME IPO is ₹ 10.
What is the Kostak Price of Indo SMC SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Indo SMC SME IPO is not available.
What is the Subject to Sauda Price of Indo SMC SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹7500.
What was the actual listing price of Indo SMC SME IPO?
Indo SMC SME IPO listed on January 21, 2026 at ₹149, against the issue price of ₹149 — a gain of +0%.
How did the GMP of Indo SMC SME IPO trend before listing?
The GMP of Indo SMC SME IPO was falling in its final days before listing. The GMP peaked at ₹36 on 13 January 2026. View the day-wise table above for the complete GMP history.
Explore Indo SMC SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
