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News Details

( As on 07/01/2026 11:30)

INDO SMC announces launch of initial public offering

INDO SMC Ltd. has announced public offering of 6171000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 139.00 per share. The gross proceeds of the issue are expected to be Rs 9,194.79 lakhs.

The company's initial public offer (IPO) will open on 13 January 2026 and is expected to close on 15 January 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 141.00-149.00 per share.

The IPO includes a fresh Issue of 6171000 Equity Shares of the Company at an price of Rs 149.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

INDO SMC Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.