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INDO SMC IPO: Should You Skip or Buy?
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    INDO SMC IPO: Should You Skip or Buy?

    13 January 2026

    As India’s shift toward advanced composite materials, INDO SMC positions itself as a focused composite solutions provider catering to automotive, electrical, and industrial applications.

    Let’s explore this upcoming IPO further:

    Parameter

    Details

    Issue Type

    100% Fresh Issue

    Issue Size

    ₹ 92Cr

    Price Band / Issue Price

    ₹141 - ₹149 per share

    Lot Size

    1000 shares 

    Total Issue

    61,71,000 shares

    Market Maker

    3,09,000 shares

    Net Fresh Issue

    58,62,000 shares

    Investor Allocation

    Retail + NII + QIB

    Listing Platform

    BSE SME

    Issue Opens

    January 13, 2026

    Issue Closes

    January 16, 2026

    Listing Date (Tentative)

    January 21, 2026

    INDO SMC’s share price will be finalised post-allotment, while grey market cues through the INDO SMC’s IPO GMP will likely reflect market sentiment closer to listing.

    The Industry Backdrop: Sheet Moulding Compound (SMC) Market

    The Sheet Moulding Compound (SMC) marketplace comprises composite materials crafted from a blend of resin, filler, and chopped fibres, commonly used in automotive, construction, and electrical applications. 

    SMC offers blessings inclusive of lightweight properties, excessive energy, corrosion resistance, and great design flexibility, making it a preferred alternative to metals in many commercial sectors. The growing demand for long-lasting and cost-effective materials in transportation, energy, and consumer goods is fueling SMC adoption globally.


    The global Sheet Moulding Compound (SMC) Market was $ 1.72 B in 2025 and is expected to reach $ 2.22 B in 2031, growing at a CAGR of 4.36%.

    Growth Drivers

    Challenges

    Expanding Use in Electrical and Construction Applications

    Fluctuating Raw Material Prices, including glass fibres and polyester resins

    Local Manufacturing & Policy Initiatives taken by the government 

    Limited Recycling Infrastructure for Composites

    Lightweight & High-Performance Material Trends

    Competition from Alternative Materials such as advanced thermoplastics

    Increasing shift toward organised, quality-certified suppliers

    Key Players Embrace Strategic Partnerships to Drive Market Presence


    Apart from that, INDO SMC is also involved in Fibre-Reinforced Polymer Composites, the market size of which is currently estimated at $79.1B in 2025, and is expected to grow at a CAGR of 5.23%. Growth drivers involve the rising demand for lightweight, corrosion-resistant parts in transportation, wind energy, and infrastructure, which continues to widen the application envelope.

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