Indo SMC SME IPO Subscription Status
Indo SMC SME IPO closed on 16 January 2026 with an overall subscription of 110.57x based on shares applied. QIB demand came in at 94.94x, NII at 164.94x, and retail at 96.13x.
Allotment will be finalised on 19 January 2026. The stock is scheduled to list on NSE and BSE on 21 January 2026.
Issue Price
Rs 149.00
GMP Today
Rs 12.00 (+8.05%)
Overall Subscription
110.57x
Issue Size
₹87.34 Cr
Allotment Date
19 Jan 2026
Listing Date
21 Jan 2026
Indo SMC SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 149.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 17.46 Cr | Rs 1,657.85 Cr | 94.94x |
| FII | - | Rs 347.10 Cr | - |
| DFI | - | Rs 102.99 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 1,207.76 Cr | - |
| NII | Rs 13.14 Cr | Rs 2,167.56 Cr | 164.94x |
| bNII (above Rs 10L) | Rs 8.76 Cr | Rs 1,698.73 Cr | 193.89x |
| Corporate | - | Rs 32.35 Cr | - |
| Individual | - | Rs 1,652.45 Cr | - |
| Other | - | Rs 13.93 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 4.38 Cr | Rs 468.83 Cr | 107.02x |
| Corporate | - | Rs 4.14 Cr | - |
| Individual | - | Rs 454.05 Cr | - |
| Other | - | Rs 10.64 Cr | - |
| IND | Rs 30.57 Cr | Rs 2,939.08 Cr | 96.13x |
| Fixed price | - | Rs 2,939.08 Cr | - |
| Total | Rs 61.18 Cr | Rs 6,764.50 Cr | 110.57x |
Indo SMC SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,172 | 92 | 0.08x |
| FII | - | 23 | - |
| DFI | - | 3 | - |
| Mutual Funds | - | - | - |
| Other | - | 66 | - |
| NII | 294 | 25,612 | 87.12x |
| bNII (above Rs 10L) | 196 | 15,623 | 79.71x |
| Corporate | - | 261 | - |
| Individual | - | 15,232 | - |
| Other | - | 130 | - |
| sNII (Rs 2L to Rs 10L) | 98 | 9,989 | 101.93x |
| Corporate | - | 91 | - |
| Individual | - | 9,661 | - |
| Other | - | 237 | - |
| IND | 1,026 | 98,627 | 96.13x |
| Fixed price | - | 98,627 | - |
| Total | 2,492 | 1,24,331 | 49.89x |
What Do These Subscription Numbers Mean?
A subscription of 110.57x by shares means the IPO received bids for 111 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 94.94x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 94.94x, it reflects serious institutional conviction.
NII at 87.12x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 79.71x and sNII at 101.93x by applications. Share subscription was 164.94x. Allotment uses application count, not share volume.
At 96.13x subscription by applications, approximately 1 in 96 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Indo SMC SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 96.13x.
- •Allotment odds: about 1 in 96 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 101.93x.
- •Allotment odds: about 1 in 102 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 107.02x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 79.71x.
- •Allotment odds: about 1 in 80 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 193.89x. Allotment uses application count, not share volume.
Check the Indo SMC SME IPO Allotment Status page from 19 January 2026 for your allotment result.
Indo SMC SME IPO GMP After Subscription
GMP for Indo SMC SME stands at Rs 12.00 today, giving an estimated listing price of Rs 161.00 per share.
The GMP has been mixed from Rs 25.00 on 7 Jan 2026 to Rs 25.00 on 19 Jan 2026.
A subscription of 110.57x combined with a GMP of 8.05% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Indo SMC SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Indo SMC SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 13 Jan 2026 | 0.00x | 1.00x | 1.60x | 1.01x |
| Day 2 - 14 Jan 2026 | 0.00x | 2.25x | 3.13x | 2.05x |
| Day 3 - 16 Jan 2026 | 94.94x | 164.59x | 96.13x | 110.49x |
Indo SMC SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 13 January 2026 |
| IPO Close Date | 16 January 2026 |
| Allotment Date | 19 January 2026 |
| Refund Initiation | 20 January 2026 |
| Share Credit to Demat | 20 January 2026 |
| Listing Date | 21 January 2026 |
| Minimum Investment | Rs 2,98,000.00 |
| Lot Size | 1000 shares |
About Indo SMC SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Indo SMC SME IPO Subscription FAQs
What is Indo SMC SME IPO subscription status today?
Indo SMC SME IPO subscription closed on 16 January 2026 with overall subscription of 110.57x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 94.94x, NII 87.12x, IND 96.13x.
What is the overall subscription of Indo SMC SME IPO?
Indo SMC SME IPO is subscribed 110.57x overall by shares at close on 16 January 2026. QIB 94.94x, NII 87.12x, and IND 96.13x.
What is Indo SMC SME IPO QIB subscription?
Indo SMC SME IPO QIB (Qualified Institutional Buyers) subscription is 94.94x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Indo SMC SME IPO IND subscription?
Indo SMC SME IPO IND subscription is 96.13x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Indo SMC SME IPO NII subscription?
Indo SMC SME IPO NII (Non-Institutional Investors) subscription is 87.12x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Indo SMC SME IPO for retail?
At 96.13x subscription by applications, approximately 1 in 96 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Indo SMC SME IPO allotment date?
Indo SMC SME IPO allotment date is 19 January 2026. Check Indo SMC SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Indo SMC SME IPO subscription close?
Indo SMC SME IPO subscription closed on 16 January 2026. No new applications are accepted after the close.
What is Indo SMC SME IPO GMP today?
Indo SMC SME IPO GMP is ₹12 today (+8.05% over issue price ₹149). See live GMP on the Indo SMC SME IPO GMP Today page.
What is Indo SMC SME IPO issue price and lot size?
Indo SMC SME IPO issue price is ₹149 per share. Lot size is 1000 shares. Minimum investment is ₹2,98,000 per lot (minimum 2 lots for SME). Issue size: ₹87.34 Cr.
When is Indo SMC SME IPO listing date?
Indo SMC SME IPO listing date is 21 January 2026 on NSE and BSE. Allotment is on 19 January 2026.
How does subscription affect Indo SMC SME IPO allotment?
Allotment odds in Indo SMC SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 87.12x by applications means roughly 1 in 87 for minimum-lot bids; bNII at 79.71x (~1 in 80). At 110.57x overall, competition is very high.
For allotment results from 19 January 2026, visit the Indo SMC SME IPO Allotment Status page. For listing day updates on 21 January 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.