Wiscon Industries IPO
Wiscon Industries IPO is a book-building SME issue of ₹110.00 crore, comprising a fresh issue of 43.14 lakh shares aggregating to ₹88.01 crore and an offer for sale of 10.78 lakh shares aggregating to ₹22.00 crore. The IPO opens on October 27, 2026, and c
Wiscon Industries IPO Details
Wiscon Industries IPO opens for subscription on October 27, 2026, and closes on October 29, 2026. The allotment is expected to be finalised on October 30, 2026. The IPO is scheduled to list on the BSE SME platform on November 3, 2026. The issue comprises a fresh issue and an offer for sale, with a total issue size of 53,92,200 shares aggregating to approximately ₹110 crore.
Wiscon Industries IPO Timeline (Tentative)
Wiscon Industries IPO is scheduled to open for subscription on October 27, 2026, and close on October 29, 2026. The basis of allotment is expected to be finalised on October 30, 2026. Refund initiation and credit of shares to successful applicants' Demat accounts are scheduled for November 2, 2026. The shares are tentatively scheduled to list on the BSE SME platform on November 3, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, Oct 27, 2026 |
| IPO Close Date | Thu, Oct 29, 2026 |
| Basis of Allotment | Fri, Oct 30, 2026 |
| Initiation of Refunds | Mon, Nov 2, 2026 |
| Credit of Shares to Demat | Mon, Nov 2, 2026 |
| Listing Date | Tue, Nov 3, 2026 |
| Anchor Investor Bidding | October 26, 2026 |
Wiscon Industries IPO Lot Size
The Wiscon Industries IPO lot size is 600 shares, and investors can bid for a minimum of 1,200 shares, or 2 lots. At the upper price band of ₹204 per share, the minimum retail investment is ₹2,44,800. Small HNI investors can apply for a minimum of 3 lots, or 1,800 shares, requiring ₹3,67,200. Big HNI investors must apply for at least 9 lots, or 5,400 shares.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 2,44,800 |
| Retail (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 IPO Reservation
Wiscon Industries IPO comprises a total issue of 53,92,200 shares, aggregating to approximately ₹110 crore at the upper price band. The issue includes a fresh issue of 43,14,000 shares aggregating to approximately ₹88.01 crore and an offer for sale of 10,78,200 shares aggregating to approximately ₹22 crore. Out of the total issue, 3,90,000 shares are reserved for the market maker, Shreni Shares Ltd. The net offer to the public is 50,02,200 shares. Of the net offer, 24,51,600 shares are allocated to QIBs, 7,72,200 shares to NIIs and 17,78,400 shares to retail investors.
Wiscon Industries IPO Subscription
Wiscon Industries IPO subscription status will be updated after the issue opens for bidding on October 27, 2026. Investors can track demand from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors during the subscription period. The final subscription figures will be available after the issue closes on October 29, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Wiscon Industries
Wiscon Industries Limited was incorporated in September 2022 and is based in Delhi. The company is engaged in the trading and supply 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 sells electric scooters sourced from third-party brands, extending its product offering beyond household electronics.
Wiscon Industries serves both business customers through its business-to-business (B2B) distribution network and individual consumers through its business-to-consumer (B2C) channel. Its products are distributed through an offline network of dealers and distributors as well as its own online platform. Sales operations are managed by a dedicated team working from the company's registered office. The company also arranges after-sales services, including installation and repairs, through service providers.
The company reported significant growth in revenue from operations, increasing from ₹3.21 crore in FY2023–24 to ₹14.49 crore in FY2024–25 and ₹73.39 crore in FY2025–26. Wiscon Industries acquired Dalmia Technologies Limited as a wholly owned subsidiary in 2025. Dalmia Technologies is engaged in the manufacturing of LED televisions and trading of other electronic products. The subsidiary operates a facility in Okhla Industrial Area, Delhi, and plans to strengthen its manufacturing capabilities through Surface Mount Technology (SMT) production lines. As of September 30, 2026, Wiscon Industries had 76 permanent employees.
Strengths
- Offers a diversified portfolio of consumer electronics, including LED TVs, air coolers, washing machines and air conditioners.
- Serves customers through both B2B and B2C channels, including an online sales platform.
- Maintains an after-sales service network to support customers across India.
- The acquisition of Dalmia Technologies Limited provides exposure to LED television manufacturing.
- Reported growth in revenue from operations between FY2023–24 and FY2025–26.
- Has a dedicated workforce and management team supporting sales, distribution and business operations.
Risks to Consider
- The company depends on third-party suppliers for several products, which may expose it to supply disruptions and pricing changes.
- The consumer electronics market is competitive, and pricing pressure may affect margins.
- Revenue may be affected by changes in consumer demand and the performance of its distribution channels.
- Expansion into manufacturing through its subsidiary requires effective execution and capital investment.
- Working-capital requirements may increase as the business expands its distribution and product operations.
- Investors should assess the company's rapid revenue growth, reported profitability, borrowings and valuation before making an investment decision.
Wiscon Industries Financials (₹ Cr)
Wiscon Industries' restated consolidated financials report total income of ₹197.13 crore and profit after tax of ₹20.41 crore for the year ended March 31, 2026. For the three months ended June 30, 2026, the company reported total income of ₹69.85 crore and profit after tax of ₹7.89 crore. Total assets increased from ₹90.75 crore as of March 31, 2026, to ₹144.79 crore as of June 30, 2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹3.21 Crore | — | — | — |
| FY2025 | ₹14.49 Crore | ₹1.25 Crore | — | — |
| FY2026 | ₹73.39 Crore | ₹20.41 Crore | ₹90.75 Crore | ₹30.61 Crore |
KPIs & Valuation
Wiscon Industries reported a return on equity of 22.83%, return on capital employed of 14.72% and return on net worth of 20.49% for the three months ended June 30, 2026. For the year ended March 31, 2026, the supplied KPIs report ROE of 117.37%, ROCE of 51.82% and RoNW of 66.67%. At the upper price band of ₹204, the reported post-IPO P/E is 12.93x, with a post-issue market capitalisation of ₹407.75 crore.
Objects of the Issue
Wiscon Industries proposes to utilise the net proceeds from its IPO for investment in its wholly owned subsidiary, Dalmia Technologies Limited, to fund capital expenditure for plant and machinery and its incremental working-capital requirements. The company also intends to meet its own working-capital requirements, fund marketing and promotional activities, and use a portion of the proceeds for general corporate purposes and issue expenses. The company proposes to utilise the IPO proceeds for:
- Investment in Dalmia Technologies Limited for capital expenditure towards the purchase of plant and machinery: ₹15.04 crore.
- Investment in Dalmia Technologies Limited to fund its incremental working-capital requirements: ₹35 crore.
- Meeting the working-capital requirements of Wiscon Industries: ₹17 crore.
- Funding marketing and promotional activities: ₹5.23 crore.
- General corporate purposes, with the final allocation to be confirmed from the offer document.
- Issue expenses, with the final amount to be confirmed from the offer document.
- The supplied objects table reports a total of ₹72.26 crore for the listed allocation. The final allocation and issue expenses should be checked against the offer document.
Promoters, Lead Managers & Registrar
Wiscon Industries Limited is promoted by Sidhant Dalmia. Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the IPO, and Maashitla Securities Private Limited is the registrar to the issue. Shreni Shares Limited is the market maker for the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Private Limited |
|---|---|
| Phone | 011-45121795 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
Wiscon Industries IPO Review
Wiscon Industries operates in the consumer electronics sector, supplying products such as LED televisions, air coolers, washing machines and air conditioners under its Wiscon brand. It uses both offline distribution and online channels to serve business customers and individual consumers. Its acquisition of Dalmia Technologies Limited adds a manufacturing element to its business and may support its plans to expand its product capabilities.
The company reported revenue from operations of ₹3.21 crore in FY2023–24, ₹14.49 crore in FY2024–25 and ₹73.39 crore in FY2025–26. The supplied restated consolidated financials report total income of ₹197.13 crore and profit after tax of ₹20.41 crore for FY2025–26. Investors should distinguish revenue from operations from total income when assessing the company's performance and should review the complete financial statements to understand the composition of its income.
The IPO is priced at ₹194 to ₹204 per share, with a lot size of 600 shares and a minimum retail application of 1,200 shares. At the upper price band, the reported post-issue market capitalisation is ₹407.75 crore. The proposed use of proceeds includes investment in the subsidiary, working capital and marketing activities. Before making an investment decision, investors should consider the company's supplier relationships, competitive position, working-capital requirements, borrowings and the sustainability of its reported growth. This review is informational and is not a personalised investment recommendation.
How to Apply
Investors can apply for Wiscon Industries IPO through the ASBA facility offered by participating banks or through supported stockbroker applications using UPI. The IPO opens on October 27, 2026, and closes on October 29, 2026. The minimum retail application is 2 lots, or 1,200 shares, requiring ₹2,44,800 at the upper price band of ₹204 per share.
Through UPI
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Log in to your stockbroker's app or website.
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Go to the IPO section.
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Select Wiscon Industries IPO.
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Enter the number of lots you want to apply for.
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Select your bid price within the announced price band. Eligible individual investors may use the cut-off option if it is available.
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Enter your valid UPI ID.
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Submit the IPO application.
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Open your UPI app when the mandate request arrives.
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Approve the mandate using your UPI PIN before the specified deadline.
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The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors should refer to the Red Herring Prospectus (RHP) for detailed information about Wiscon Industries' business, financial performance, risk factors, issue structure, reservation and utilisation of proceeds. The RHP contains the detailed terms of the public issue and should be reviewed before making an investment decision.
Last updated Oct 22, 2026.