Wiscon Industries IPO

Wiscon Industries Limited, incorporated in September 2022, is a Delhi-based company engaged in the trading and distribution of consumer electronic products across India. Its product portfolio includes LED televisions, air coolers, washing machines and air conditioners sold under its flagship Wiscon brand. The company also distributes electric scooters sourced from third-party brands. It serves both business-to-business (B2B) and business-to-consumer (B2C) customers through an offline dealer and distributor network and its own online platform. The company also maintains an after-sales service network to support customers across India. Its revenue has grown significantly since incorporation, reflecting the expansion of its product portfolio and distribution operations. As of 30 September 2026, the company had 76 permanent employees.

Wiscon Industries Limited IPO Overview

Wiscon Industries Limited is launching a bookbuilding SME IPO worth ₹110 crore, comprising a fresh issue of 43,14,000 shares aggregating to approximately ₹88.01 crore and an offer for sale of 10,78,200 shares worth ₹22 crore. The IPO opens on 27 October 2026 and closes on 29 October 2026. The price band is ₹194 to ₹204 per share, with a face value of ₹10 per share. The minimum individual application is 1,200 shares, equivalent to two lots of 600 shares each, requiring an investment of ₹2,44,800 at the upper price band. The allotment is expected to be finalised on 30 October 2026, while refunds and demat credit are scheduled for 2 November 2026. The shares are tentatively scheduled to list on the BSE SME platform on 3 November 2026. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Shreni Shares Ltd. is the market maker.

Wiscon Industries Limited IPO Details

Particulars	Details
IPO Date	27 October 2026 to 29 October 2026
Listing Date	3 November 2026
Face Value	₹10 per share
Issue Price Band	₹194 to ₹204 per share
Lot Size	600 shares
Total Issue Size	53,92,200 shares (aggregating up to ₹110 crore)
Fresh Issue	43,14,000 shares (aggregating approximately ₹88.01 crore)
Offer for Sale	10,78,200 shares (aggregating ₹22 crore)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Shareholding Pre-Issue	1,56,73,500 shares
Shareholding Post-Issue	1,99,87,500 shares
Market Maker Portion	3,90,000 shares (approximately ₹8 crore)

Wiscon Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB	24,51,600 (49.01% of the net issue)
Retail	17,78,400 (35.55% of the net issue)
NII (HNI)	7,72,200 (15.44% of the net issue)
Market Maker	3,90,000 shares
Total Issue	53,92,200 shares

Wiscon Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Individual Investor (Min)	2	1,200	₹2,44,800
Individual Investor (Max)	2	1,200	₹2,44,800
S-HNI (Min)	3	1,800	₹3,67,200
S-HNI (Max)	8	4,800	₹9,79,200
B-HNI (Min)	9	5,400	₹11,01,600

Wiscon Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	94.18%
Post-Issue	68.46%

Wiscon Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹13.56
Price/Earnings (P/E) Ratio	14.31x–15.04x
Return on Net Worth (RoNW)	66.67%
Net Asset Value (NAV)	₹19.53
Return on Equity (ROE)	117.37%
Return on Capital Employed (ROCE)	51.82%
EBITDA Margin	14.27%
PAT Margin	10.36%
Debt to Equity Ratio	0.83

Objectives of the Proceeds

I. ₹15.04 crore in wholly owned subsidiary Dalmia Technologies Limited for purchasing plant and machinery.

II. ₹35 crore Dalmia Technologies Limited to meet its incremental working capital requirements.

III. ₹17 crore to meet the company’s working capital requirements and support ongoing business operations.

IV. ₹5.23 crore towards marketing campaigns and promotional activities to strengthen brand awareness and market reach.

V. General Corporate Purposes

VI. Issue Expenses

Key Financials (in ₹ crore)

Particulars	30 June 2026	31 March 2026
Assets	144.79	90.75
Total Income	69.85	197.13
Profit After Tax	7.89	20.41
Reserves and Surplus	22.82	25.38
Total Borrowings	36.97	25.26

IPO Strengths

I. Offers a diversified portfolio of consumer electronic products catering to different customer segments.

II. Serves customers through both B2B and B2C sales channels, including its own online platform.

III. Maintains an established after-sales service network to support customers across India.

IV. Led by an experienced management team with execution expertise.

V. Supported by a skilled workforce that helps drive business growth and operational efficiency.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)	P/BV Ratio
Wiscon Industries Limited	₹13.56	₹13.56	₹19.53	14.31x–15.04x	66.67%	10.45x
Peer Group
Cellecor Gadgets Limited	₹1.80	₹1.80	₹9.27	15.89x	19.35%	3.89x