Wiscon Industries IPO

The Wiscon Industries SME IPO is open between 27 Oct 2026 and 29 Oct 2026, offered at a price band of ₹194–204 per share, and is set to list on BSE. The IPO seeks to raise ₹110 crore. Retail investors bid in lots of 600 shares, a minimum application of ₹2,44,800.

Issue structure

The offer combines a fresh issue of ₹80.05 crore with an offer for sale (OFS) of ₹22 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward investment in the wos, dalmia technologies limited for funding its incremental working capital requirements (₹35 crore), alongside to meet working capital requirements of the company (₹17 crore). In all, 6 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Wiscon Industries reported revenue of ₹69.85 crore and a net profit of ₹7.89 crore. Revenue declined from ₹197.13 crore in FY2026 to ₹69.85 crore in FY2026 (-65.0%). Net worth stood at ₹38.49 crore at the end of FY2026. At the upper band, that puts the issue at roughly 15.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 12.93× post-issue earnings and 10.45× book value, against a return on net worth of 20.49% and a debt-to-equity ratio of 0.96. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Sidhant Dalmia</p>. Promoter holding stands at 94.18% before the issue and comes down to 68.46% after listing.

Grey market premium (GMP)

In the unofficial grey market, Wiscon Industries shares are quoted at a premium of ₹0 implying an expected listing around ₹204, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Wiscon Industries IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Wiscon Industries

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 offers a broad range of products, including LED TVs, 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 customers (B2B) and individual consumers (B2C). Its products are distributed through an offline dealer and distributor network as well as its own online platform, allowing the company to reach customers across the country. Sales operations are managed by a dedicated team working from the company's registered office. The company has reported strong revenue growth since its incorporation. Revenue from operations increased from ₹ 321.45 lakh in FY 2023-24 to ₹1,449.27 lakh in FY 2024-25, and further to ₹7,339.16 lakh in FY 2025-26, reflecting significant business expansion over the three-year period. As of June 30, 2026, Wiscon Industries had 76 permanent employees supporting its operations. Competitive Strengths Offers a diversified portfolio of consumer electronic products catering to different customer segments. Serves customers through both B2B and B2C sales channels, including its own online platform. Maintains an established after-sales service network to support customers across India. Led by an experienced management team with execution expertise. Supported by a skilled workforce that helps drive business growth and operational efficiency.