Wiscon Industries SME IPO opens today; check price band and other key details

Retail investors must apply for at least two lots, or 1,200 shares, requiring an investment of Rs 2,44,800 at the upper end of the price band. For high-net-worth individuals (HNIs), the minimum application size is three lots, or 1,800 shares, amounting to Rs 3,67,200.The allotment is expected to be finalised on October 30. The shares are tentatively scheduled to list on the BSE SME platform on November 3, 2026.

Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, while Maashitla Securities Pvt. Ltd. is the registrar to the issue.Wiscon Industries raised Rs 25.01 crore from anchor investors ahead of the IPO. The anchor investor bidding took place on October 26, 2026.IPO objects of the issueThe company plans to utilise Rs 15.04 crore from the IPO proceeds to invest in its wholly owned subsidiary, Dalmia Technologies Limited, to finance the purchase of plant and machinery.

Another Rs 35 crore will be invested in the subsidiary to meet its incremental working capital requirements.Live EventsAdditionally, Rs 17 crore will be allocated towards the company's working capital requirements, while Rs 5.23 crore will be used to fund marketing and promotional activities. The remaining proceeds will be utilised for general corporate purposes and issue expenses. The total estimated IPO proceeds amount to Rs 72.26 crore.About Wiscon Industries Ltd.Incorporated in September 2022, Wiscon Industries Ltd. is a Delhi-based company engaged in the trading and supply of consumer electronics products across India.

The company offers a range of products, including LED televisions, air coolers, washing machines and air conditioners under its flagship Wiscon brand. It also sells electric scooters sourced from third-party brands.Wiscon serves both business-to-business (B2B) customers and individual consumers (B2C). Its products are distributed through an offline network of dealers and distributors, as well as its own online platform, enabling it to reach customers across the country.

Sales operations are managed by a dedicated team working from its registered office.The company has reported significant revenue growth since its incorporation. Revenue from operations rose from Rs 321.45 lakh in FY24 to Rs 1,449.27 lakh in FY25, before increasing further to Rs 7,339.16 lakh in FY26, reflecting a substantial expansion in business operations over the three-year period. As of September 30, 2026, Wiscon Industries had 76 permanent employees supporting its operations.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here(You can now subscribe to our ETMarkets WhatsApp channel)