Wiscon Industries IPO sails through on final day, thanks to QIBs

Qualified institutional buyers led the subscription, bidding 2.24 times their allotted quota. Meanwhile, the portions reserved for non-institutional investors and retail investors remained undersubscribed at 75 percent and 66 percent, respectively. Wiscon Industries is expected to finalise the IPO share allotment by October 30, while its equity shares are scheduled to list on the BSE SME platform on November 3.

The IPO comprises a fresh issue of 10.78 lakh equity shares and an offer-for-sale (OFS) of 53.92 lakh shares by promoter Sidhant Dalmia. The company distributes consumer electronics products, including LED TVs, air coolers, washing machines and air conditioners, under its flagship Wiscon brand, catering to both business-to-business (B2B) and business-to-consumer (B2C) customers in India. It also sells electric scooters under a third-party brand.

Wiscon Industries plans to utilise Rs 15.03 crore from the net proceeds of the fresh issue to invest in its subsidiary, Dalmia Technologies, to finance capital expenditure on plant and machinery. Another Rs 35 crore will be used to fund the subsidiary's incremental working capital requirements. Additionally, Rs 17 crore will be allocated towards working capital requirements, Rs 5.22 crore towards marketing and promotional activities, and the remaining proceeds towards general corporate purposes.

The B2B segment contributed 98–99 percent of the company's revenue. Wiscon Industries reported a consolidated profit of Rs 7.88 crore on revenue of Rs 69.8 crore for the quarter ended June 2026. For the financial year ended March 2026, its profit stood at Rs 20.4 crore on revenue of Rs 196.9 crore. Smart Horizon Capital Advisors is the merchant banker for the Wiscon Industries IPO.