Wiscon Industries SME IPO
Wiscon Industries IPO — date, price band, lot size & details 2026
Wiscon Industries IPO opens on 27 Oct and closes on 29 Oct 2026. Price band ₹194–204, lot size 600 shares (minimum 2 lots, ₹2,44,800). Allotment date 30 Oct, listing date 3 Nov.
Wiscon Industries, based in Delhi, trades in and supplies consumer electronics such as LED TVs, air coolers, washing machines and air conditioners under its Wiscon brand. Revenue from operations grew from Rs 14.49 crore in FY2025 to Rs 73.39 crore in FY2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 22 October.
- Open 27 Oct 2026
- Close 29 Oct 2026
- Allotment 30 Oct 2026
- Refund/credit 02 Nov 2026
- Listing 03 Nov 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Oct, 2026 |
|---|---|
| Price Band | ₹194 – ₹204 |
| Face Value | ₹10 |
| Lot Size | 600 Shares |
| Issue Size | ₹110 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,44,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 600 shares at the ₹204 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 1,200 | ₹2,44,800 |
| Retail (max) | 2 | 1,200 | ₹2,44,800 |
| HNI (min) | 3 | 1,800 | ₹3,67,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 7
- 01Revenue from operations grew from Rs 3.21 crore in FY2024 to Rs 14.49 crore in FY2025 and Rs 73.39 crore in FY2026.
- 02Profit after tax was Rs 20.41 crore in FY2026 and Rs 7.89 crore in the quarter ended 30 June 2026.
- 03EBITDA was Rs 28.09 crore in FY2026, with an EBITDA margin of 14.27% in FY2026 and 15.74% in the quarter ended 30 June 2026.
- 04Net worth rose from Rs 30.61 crore on 31 March 2026 to Rs 38.49 crore on 30 June 2026.
- 05At the upper band of Rs 204, the P/E is 12.93 on a post issue EPS of Rs 15.78 (based on annualised June 2026 earnings). On the pre issue EPS of Rs 13.02 (FY2026), the P/E is 15.67.
- 06The company sells through B2B and B2C channels, using offline dealers and distributors and its own online platform.
- 07The fresh issue is 43,14,000 shares worth about Rs 88.01 crore, which is 80% of the Rs 110 crore issue. The rest is an offer for sale of 10,78,200 shares worth Rs 22.00 crore.
Risks · 9
- 01The financials need checking. The restated table shows total income of Rs 197.13 crore in FY2026, but revenue from operations is Rs 73.39 crore in the company profile. The two figures do not match.
- 02The financials table shows only two periods (FY2026 and the quarter ended 30 June 2026), so profit for FY2025 and FY2024 cannot be compared.
- 03The company is young. It was incorporated in September 2022, and revenue from operations rose about five times in FY2026, from Rs 14.49 crore to Rs 73.39 crore, which may be hard to repeat.
- 04RoE of 117.37% and RoNW of 66.67% in FY2026 sit on a small net worth of Rs 30.61 crore, so they are high mainly because the equity base is thin.
- 05Total borrowing rose from Rs 25.26 crore on 31 March 2026 to Rs 36.97 crore on 30 June 2026, and the debt to equity ratio is 0.96.
- 06Rs 50.04 crore of the Rs 72.26 crore objects goes to the subsidiary Dalmia Technologies Limited, so the money reaches the business through a subsidiary.
- 07Promoter Sidhant Dalmia sells 10,78,200 shares worth Rs 22.00 crore, and promoter holding falls from 94.18% before the issue to 68.46% after it.
- 08The company trades in and supplies products, and its electric scooters are sourced from third-party brands, so it depends on outside suppliers.
- 09This is an SME issue. One lot is 600 shares, which is about Rs 1.22 lakh at the upper band of Rs 204, and SME shares usually trade in low volume after listing.
The numbers
All figures in ₹ crore, as reported in the Wiscon Industries offer document.
| Metric | 30 Jun 2026 | 31 Mar 2026 |
|---|---|---|
| Assets | 144.79 | 90.75 |
| Total Income | 69.85 | 197.13 |
| Profit After Tax | 7.89 | 20.41 |
| EBITDA | 11.00 | 28.09 |
| NET Worth | 38.49 | 30.61 |
| Reserves and Surplus | 22.82 | 25.38 |
| Total Borrowing | 36.97 | 25.26 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Wiscon Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Wiscon Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹13.02 | ₹15.78 |
| P/E Ratio (x) | 15.67 | 12.93 |
| Market Cap at Offer Price (₹ Cr) | ₹123.62 | ₹102.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹204 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹72.27 Cr of the issue is earmarked to named objects.
About the company
It sells LED TVs, air coolers, washing machines and air conditioners under its own "Wiscon" brand. It also sells electric scooters that it sources from third-party brands.
The company serves both business customers (B2B) and individual customers (B2C). Products reach buyers through an offline network of dealers and distributors and through the company's own online platform. A sales team working from the registered office manages these operations.
Revenue from operations grew from Rs 3.21 crore in FY2024 to Rs 14.49 crore in FY2025 and Rs 73.39 crore in FY2026. The company had 76 permanent employees as of 30 September 2026.
Of the issue, Rs 50.04 crore of the objects is for its wholly owned subsidiary, Dalmia Technologies Limited, for plant and machinery and working capital. The rest is for the company's own working capital and marketing.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Smart Horizon Capital Advisors
14 issues handled (3 mainboard, 11 SME)Best listing: Shankesh Jewellers (+11.1%). Weakest: Om Freight Forwarders (-39.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Wiscon Industries?
The current Grey Market Premium is ₹0.
What is the Wiscon Industries IPO price band?
₹194 to ₹204, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 October 2026, with listing on 3 November 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Get ready before the book opens.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
