Wiscon Industries IPO 2026: Dates, Price Band, Lot Size & Key RHP Facts
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Wiscon Industries Limited has announced its SME initial public offering opening on 27 Oct 2026 with a price band of ₹194 to ₹204 per share. Read the key facts, issue terms, financial data, and risk factors from the offer document.
Direct answer: The Wiscon Industries on BuyUnlistedShares profile shows that the SME IPO opens on 27 Oct 2026 and closes on 29 Oct 2026. The price band for the ₹110 Cr BSE SME issue is set at ₹194 to ₹204 per share, with a lot size of 600 shares requiring a minimum application amount of ₹122,400 for retail investors.
Source: DRHP filed with BSE.
Wiscon Industries IPO Details and Subscription Timeline
Wiscon Industries Limited is coming out with a public issue of 5,002,200 equity shares of face value ₹10 each, aggregating to ₹110 Cr. The offer is structured as a Book Build Issue on the BSE SME platform. It comprises a fresh issue of ₹80.05 Cr (4,314,000 equity shares) and an Offer for Sale (OFS) of ₹22 Cr (1,078,200 equity shares) by promoter Sidhant Dalmia.
| Item | Value | As of |
|---|---|---|
| Price band | ₹194 – ₹204 | 22 Oct 2026 |
| Lot size | 600 shares | 22 Oct 2026 |
| Minimum application | ₹1,22,400 | 22 Oct 2026 |
| Issue size | ₹110 Cr | 22 Oct 2026 |
| Fresh issue | ₹80 Cr | 22 Oct 2026 |
| Offer for sale | ₹22 Cr | 22 Oct 2026 |
| Exchange | BSE SME | 22 Oct 2026 |
| Issue type | SME | 22 Oct 2026 |
| Face value | ₹10 | 22 Oct 2026 |
| Opens | 27 Oct 2026 | 22 Oct 2026 |
| Closes | 29 Oct 2026 | 22 Oct 2026 |
| Allotment | 30 Oct 2026 | 22 Oct 2026 |
| Listing | 3 Nov 2026 | 22 Oct 2026 |
| Registrar | Maashitla Securities Pvt.Ltd. | 22 Oct 2026 |
The subscription window opens on 27 Oct 2026 and closes on 29 Oct 2026. The basis of allotment is scheduled to be finalized on 30 Oct 2026, with initiation of refunds and credit of equity shares to demat accounts expected on 02 Nov 2026. The equity shares are scheduled for listing on the BSE SME platform on 03 Nov 2026.
The market maker portion reserves 390,000 equity shares. The net offer is allocated among Anchor Investors (1,225,800 shares), Qualified Institutional Buyers (1,225,800 shares), Non-Institutional Investors (772,200 shares, split into sNII of 257,400 shares and bNII of 514,800 shares), and Retail Individual Investors (1,778,400 shares).
The issue is lead managed by Smart Horizon Capital Advisors Pvt. Ltd., while Maashitla Securities Pvt. Ltd. serves as the registrar to the issue. To track ongoing public offerings across mainboard and SME segments, view the IPO calendar.
Business Overview and Product Portfolio
Incorporated in September 2022, Wiscon Industries Limited is a Delhi-based company engaged in the trading and supply of consumer electronic products across India. The company sells a portfolio of products including LED TVs, air coolers, washing machines, and air conditioners under its flagship brand "Wiscon". In addition to its proprietary brand, the company trades electric scooters sourced from third-party manufacturers.
The company operates through both Business-to-Business (B2B) and Business-to-Consumer (B2C) distribution models, utilizing an offline dealer and distributor network along with its own online sales platform. Operations are supported by 76 permanent employees as of 30 Jun 2026.
Per the DRHP filed with BSE, standalone operational revenues grew from ₹321.45 lakh in FY24 to ₹1,449.27 lakh in FY25, and reached ₹7,339.16 lakh in FY26. On a standalone basis for FY26, product breakdown was as follows:
- LED TVs: ₹4,966.22 lakh (67.67% of operational revenue)
- Electric Scooters: ₹1,987.51 lakh (27.08% of operational revenue)
- Air Coolers: ₹114.47 lakh (1.56% of operational revenue)
- Washing Machines: ₹114.17 lakh (1.56% of operational revenue)
- Air Conditioners: ₹79.08 lakh (1.08% of operational revenue)
- Spare Parts & Services: ₹77.71 lakh (1.05% of operational revenue)
On 25 May 2025, Dalmia Technologies Limited became a Wholly Owned Subsidiary (WOS) of the company. On a consolidated basis for FY26, total revenue from operations reached ₹19,687.46 lakh, with LED TVs accounting for ₹14,221.84 lakh (72.24%) and Electric Scooters contributing ₹4,260.46 lakh (21.64%).
Objects of the Offer and Use of Proceeds
The gross proceeds from the fresh issue portion total ₹80.05 Cr. Per the offer document, the planned utilization of proceeds across specific objects amounts to ₹72.26 Cr, structured as follows:
- Investment in WOS (Dalmia Technologies Limited) for capital expenditure: ₹15.04 Cr towards purchase of plant and machinery.
- Investment in WOS (Dalmia Technologies Limited) for working capital: ₹35 Cr to meet incremental working capital requirements.
- Working capital requirements of the company: ₹17 Cr for standalone operational funds.
- Marketing and promotional activities: ₹5.23 Cr for brand promotion.
- General corporate purposes and issue expenses: Balance fresh issue proceeds.
The company will not receive any proceeds from the Offer for Sale of ₹22 Cr, which goes directly to the selling shareholder, promoter Sidhant Dalmia. Pre-issue promoter shareholding stands at 94.18%, which will decrease to 68.46% post-issue.
Financial Trends and Key Performance Ratios
The financial performance of Wiscon Industries as reported in the offer document covers the restated consolidated financial figures for FY26 and restated standalone figures for Q1 FY27 (three months ended 30 Jun 2026):
- FY26 (full year to 31 Mar 2026): Total Income of ₹197.13 Cr, EBITDA of ₹28.09 Cr, Profit After Tax (PAT) of ₹20.41 Cr, Net Worth of ₹30.61 Cr, and Total Borrowings of ₹25.26 Cr.
- Q1 FY27 (3 months to 30 Jun 2026, NOT a full year): Total Income of ₹69.85 Cr, EBITDA of ₹11 Cr, PAT of ₹7.89 Cr, Net Worth of ₹144.79 Cr, and Total Borrowings of ₹36.97 Cr.
Per the DRHP filed with BSE and desk computations as of 22 Oct 2026, the key issue ratios are:
- Minimum Application Amount: ₹122,400 (lot of 600 shares multiplied by upper band price of ₹204).
- P/E Ratio (Pre-issue): 15.7x (using upper band ₹204 divided by pre-issue EPS of ₹13.02 as of 31 Mar 2026).
- P/E Ratio (Post-issue): 12.9x (using upper band ₹204 divided by post-issue EPS of ₹15.78 as of 31 Mar 2026).
- P/B Ratio: 10.45x (using upper band ₹204 divided by NAV per share of ₹19.53 as of 31 Mar 2026).
Note that post-issue market capitalization is omitted as the exact post-issue share count is not explicitly stated in the source file. Investors evaluating issue disclosures alongside unlisted companies can use the Unlisted shares screener.
Listed Peer Comparison
The DRHP filed with BSE presents Cellecor Gadgets Limited as a comparable listed industry peer. Below is the accounting ratio comparison based on audited results for Fiscal 2026 (as of 31 Mar 2026):
| Company Name | Basic/Diluted EPS (₹) | NAV per Share (₹) | P/E Ratio (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Wiscon Industries Ltd. | 13.56 | 19.53 | 12.9x (Post-issue) | 66.67% | 10.45x |
| Cellecor Gadgets Limited | 1.80 | 9.27 | 15.89x | 19.35% | 3.89x |
For context on public issue valuations across mainboard and SME offerings, see Jio Platforms IPO Open 2026: Dates, Price Band, Lot Size & Details and BLS Polymers IPO Opens 2026: Dates, Price Band & Key Facts.
Risk Factors Stated in the Offer Document
The offer document outlines internal and operational risk factors associated with Wiscon Industries Limited:
- Supplier concentration: Standalone stock-in-trade purchases from top 10 suppliers were 99.33% in FY26, 99.82% in FY25, and 99.97% in FY24. The company does not enter into long-term or exclusive supply agreements with its suppliers.
- Customer concentration: Top 10 customers accounted for 67.75% of total revenue from operations in FY26.
- Geographic and sourcing concentration: Operations generate 100% of revenue domestically, with significant concentration in Delhi and Uttar Pradesh. Domestic purchases from Delhi and Uttar Pradesh totaled 99.82% in FY26.
- Product dependency: LED TVs and Electric Scooters generated 94.75% of combined operational revenues in FY26.
- Legal proceedings and regulatory filings: The company, promoter, directors, and subsidiary face pending civil, tax, and legal proceedings. Additionally, the offer document notes past instances of delayed statutory filings with the Registrar of Companies (ROC).
Frequently Asked Questions
When does the Wiscon Industries IPO open and close?
The Wiscon Industries IPO opens for subscription on 27 Oct 2026 and closes on 29 Oct 2026.
What is the price band and lot size for the Wiscon Industries IPO?
The price band is set at ₹194 to ₹204 per equity share. The lot size is 600 shares, requiring a minimum retail investment of ₹122,400 at the upper price band.
What is the total issue size and structure of the offering?
The issue totals ₹110 Cr (5,002,200 equity shares), comprising a fresh issue of ₹80.05 Cr (4,314,000 shares) and an Offer for Sale of ₹22 Cr (1,078,200 shares) by promoter Sidhant Dalmia.
Where will the equity shares be listed?
The equity shares of Wiscon Industries Limited are proposed to be listed on the BSE SME platform.
Who are the lead manager and registrar for the IPO?
Smart Horizon Capital Advisors Pvt. Ltd. is the lead manager for the issue, and Maashitla Securities Pvt. Ltd. is the registrar.
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Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
