Wiscon Industries IPO is a BSE SME book-building public issue of Wiscon Industries Limited. The IPO comprises a fresh issue of equity shares and an offer for sale (OFS) by the promoter. The total issue size is ₹110 crore, including a fresh issue component and an OFS of 10.78 lakh shares. The company has fixed the price band at ₹194 to ₹204 per share, with a lot size of 600 shares.
The Wiscon Industries IPO opens for subscription on 27 October 2026 and closes on 29 October 2026. The allotment is expected to be finalised on 30 October 2026, while the tentative listing date on the BSE SME platform is 3 November 2026. At the upper price band, the minimum retail application is for 1,200 shares, requiring an investment of ₹2,44,800. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Shreni Shares Ltd. is the market maker.
Wiscon Industries Limited is a Delhi-based consumer electronics business incorporated in September 2022. It sells products under its flagship Wiscon brand, including LED televisions, air coolers, washing machines and air conditioners. The company serves business customers and individual consumers through an offline dealer and distributor network and its own online platform. Its proposed IPO proceeds are intended to support its subsidiary’s capital expenditure and working capital, the company’s working capital requirements, marketing and promotional activities, and general corporate purposes. Investors should assess its financial performance, valuation, business model and associated risks before making an investment decision.
Table of Contents
Wiscon Industries IPO Details Information
| Particulars | Details |
|---|---|
| IPO Name | Wiscon Industries IPO |
| Company Name | Wiscon Industries Limited |
| IPO Type | Book Building Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 per equity share |
| Price Band | ₹194 to ₹204 per share |
| Total Issue Size | ₹110.00 crore |
| Fresh Issue | Up to ₹88.01 crore, including the market-maker reservation |
| Offer for Sale | ₹22.00 crore |
| IPO Open Date | 27 October 2026 |
| IPO Close Date | 29 October 2026 |
| Anchor Investor Bidding | Not specified in the supplied details |
| Basis of Allotment | 30 October 2026 |
| Refund Initiation | 2 November 2026 |
| Shares Credited to Demat Account | 2 November 2026 |
| Listing Date | 3 November 2026 |
| Listing Exchange | BSE SME |
| Lot Size | 600 shares |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Book Running Lead Manager | Smart Horizon Capital Advisors Pvt. Ltd. |
| Market Maker | Shreni Shares Ltd. |
The IPO comprises a fresh issue and an offer for sale by promoter Sidhant Dalmia. The fresh issue proceeds will be received by the company for its stated objectives, while the OFS proceeds will go to the selling shareholder.
Wiscon Industries IPO Dates
The following timeline contains the tentative dates provided for the Wiscon Industries IPO. Investors should use these dates to plan their applications and check the allotment result.
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | Not specified in the supplied details |
| IPO Opening Date | 27 October 2026 |
| IPO Closing Date | 29 October 2026 |
| Basis of Allotment | 30 October 2026 |
| Refund Initiation | 2 November 2026 |
| Shares Credited to Demat Account | 2 November 2026 |
| Listing Date | 3 November 2026 |
After the basis of allotment is finalised, successful applicants are expected to receive shares in their demat accounts on 2 November 2026. Refunds for unsuccessful or partially successful applications are also scheduled to begin on that date.
Wiscon Industries IPO Reservation
Wiscon Industries IPO has a total issue size of 53,92,200 shares, including a firm reservation of 3,90,000 shares for the market maker. The net offer to the public is 50,02,200 shares. The category-wise allocation below follows the figures supplied for the issue.
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 24,51,600 | 49.01% | 45.47% |
| – Anchor Investor | 12,25,800 | — | 22.73% |
| – QIB (Excluding Anchor) | 12,25,800 | — | 22.73% |
| NII (HNI) | 7,72,200 | 15.44% | 14.32% |
| – bNII (Above ₹10 lakh) | 5,14,800 | — | 9.55% |
| – sNII (Below ₹10 lakh) | 2,57,400 | — | 4.77% |
| Retail Individual Investors | 17,78,400 | 35.55% | 32.98% |
| Market Maker (Firm Reservation) | 3,90,000 | — | 7.23% |
| Total | 53,92,200 | 100.00% | 100.00% |
The final allotment within investor categories will depend on valid applications and the applicable allotment process. The market-maker reservation is shown separately from the net public offer.
Wiscon Industries IPO Lot Size
The Wiscon Industries IPO lot size is 600 shares. Based on the upper price band of ₹204 per share, retail investors must apply for at least two lots, or 1,200 shares, requiring ₹2,44,800. Non-institutional investor applications start at three lots for the small HNI category.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Minimum) | 2 | 1,200 | ₹2,44,800 |
| Individual Investors (Maximum, as supplied) | 2 | 1,200 | ₹2,44,800 |
| S-HNI (Minimum) | 3 | 1,800 | ₹3,67,200 |
| S-HNI (Maximum) | 8 | 4,800 | ₹9,79,200 |
| B-HNI (Minimum) | 9 | 5,400 | ₹11,01,600 |
The amounts are calculated at ₹204 per share. The supplied information lists the retail maximum as two lots; that figure is reproduced as provided and should be checked against the final issue documents before publication.
About Wiscon Industries Limited
Wiscon Industries Limited was incorporated in September 2022 and is headquartered in New Delhi, India. The company is engaged in the trading and supply of consumer electronic products across India. It markets products under its flagship Wiscon brand, with a portfolio that includes LED televisions, air coolers, washing machines and air conditioners. It also sells electric scooters sourced from third-party brands.
The company follows a combination of business-to-business (B2B) and business-to-consumer (B2C) sales models. Its distribution network includes offline dealers and distributors, while its own online platform provides another channel for reaching individual customers. This combination allows the company to serve multiple customer segments and operate across different sales channels.
Wiscon Industries relies on product sourcing and distribution to serve the consumer electronics market. Its operating model includes supplier coordination, product distribution, sales management and after-sales support. The company has also expanded its business through its wholly owned subsidiary, Dalmia Technologies Limited, which is involved in LED television manufacturing and electronic product trading.
The company reported significant growth in its business after incorporation. The supplied company overview records revenue from operations of ₹3.21 crore in FY 2023–24 and ₹14.49 crore in FY 2024–25, followed by ₹73.39 crore in FY 2025–26. The separate financial summary supplied for the IPO reports FY 2025–26 total income of ₹197.13 crore. These are different reported measures and should be checked against the final RHP before publication. As of 30 September 2026, the company had 76 permanent employees.
Business Operations
Wiscon Industries Limited operates in the consumer electronics segment, supplying products through its B2B and B2C channels. Its business operations cover product sourcing, distribution, sales, customer service and subsidiary activities.
- Consumer Electronics: The company offers LED televisions, air coolers, washing machines and air conditioners under the Wiscon brand.
- Electric Scooters: It also sells electric scooters sourced from third-party brands, adding another category to its product portfolio.
- B2B Distribution: Dealers and distributors help the company supply products to business customers and extend its market reach.
- B2C Sales: The company uses its own online platform alongside offline channels to serve individual consumers.
- After-Sales Support: The company maintains an after-sales service network to support customers across India.
- Subsidiary Operations: Dalmia Technologies Limited, its wholly owned subsidiary, is involved in LED television manufacturing and electronic product trading. The subsidiary is proposed to receive IPO proceeds for plant and machinery and incremental working capital.
The combination of multiple product categories and sales channels enables Wiscon Industries to serve different customer groups. However, product sourcing, supplier relationships, inventory requirements, distribution costs and competition remain important factors affecting its operating performance.
Industry Overview
India’s consumer electronics market serves a broad range of households and businesses through products such as televisions, air conditioners, washing machines and air coolers. Demand is influenced by household purchasing power, urbanisation, replacement cycles, product affordability, seasonal conditions and the availability of retail and online distribution channels.
Consumer preferences and technology changes create opportunities for businesses offering a diversified range of electronic products. At the same time, the market is competitive, with established brands, domestic manufacturers, importers, distributors and online sellers competing on price, features, product availability and after-sales service.
For a business such as Wiscon Industries, an effective distribution network and a recognisable brand can help reach customers across different market segments. Its B2B and B2C channels provide more than one route to market, while its subsidiary’s planned investment in plant and machinery could support its manufacturing-related activities.
Nevertheless, sector opportunities do not guarantee company-level growth. The company’s ability to manage working capital, maintain product quality, develop supplier relationships, control operating costs and compete effectively will be important to its future performance. Investors should assess these factors alongside the company’s financial statements and IPO valuation.
Business Strategy
Wiscon Industries Limited’s business strategy centres on expanding its consumer electronics portfolio, reaching customers through multiple sales channels and investing in its subsidiary’s capabilities.
- Strengthening the Product Portfolio: The company offers televisions, air coolers, washing machines and air conditioners under its Wiscon brand. A diversified range allows it to address different consumer requirements.
- Expanding Distribution: Its combination of offline dealers, distributors and an online platform supports its presence in B2B and B2C markets.
- Investment in Dalmia Technologies Limited: A portion of the IPO proceeds is intended to fund plant and machinery for the wholly owned subsidiary, supporting its planned capital expenditure.
- Funding Working Capital: The company proposes to allocate funds to its own working capital and the incremental working capital requirements of Dalmia Technologies Limited.
- Marketing and Promotion: The company plans to spend on marketing and promotional activities to support brand visibility and customer reach.
Execution of these plans will depend on how effectively the company deploys the IPO proceeds, manages its working capital and competes in the consumer electronics market.
Wiscon Industries IPO Financial Information
A company’s financial performance helps investors assess its scale of operations, profitability, borrowing levels and ability to support future growth. The figures below reproduce the supplied financial summary. Amounts are in ₹ crore unless otherwise stated.
Wiscon Industries Financial Summary
| Particulars | 30 June 2026 | 31 March 2026 |
|---|---|---|
| Assets | ₹144.79 crore | ₹90.75 crore |
| Total Income | ₹69.85 crore | ₹197.13 crore |
| Profit After Tax (PAT) | ₹7.89 crore | ₹20.41 crore |
| EBITDA | ₹11.00 crore | ₹28.09 crore |
| Net Worth | ₹38.49 crore | ₹30.61 crore |
| Reserves and Surplus | ₹22.82 crore | ₹25.38 crore |
| Total Borrowings | ₹36.97 crore | ₹25.26 crore |
The supplied financial summary reports total income of ₹197.13 crore and profit after tax of ₹20.41 crore for the year ended 31 March 2026. For the period ended 30 June 2026, it reports total income of ₹69.85 crore and PAT of ₹7.89 crore. These figures represent different reporting periods and should not be compared as if they cover equal lengths of time.
The supplied company overview separately reports revenue from operations of ₹73.39 crore for FY 2025–26. As revenue from operations and total income are distinct measures, the final RHP should be used to confirm the relevant accounting line items and restated figures before the page is published.
Investors should consider the company’s profitability, asset base, borrowings and working capital needs together. Rapid business expansion can require additional inventory and operating funds, so the ability to convert reported earnings into cash flow is also important.
Wiscon Industries IPO Key Performance Indicators (KPIs)
Key Performance Indicators provide additional information about profitability, capital efficiency, leverage and valuation. The figures below are reproduced from the supplied IPO information.
| KPI | 30 June 2026 | 31 March 2026 |
|---|---|---|
| Return on Equity (ROE) | 22.83% | 117.37% |
| Return on Capital Employed (ROCE) | 14.72% | 51.82% |
| Debt/Equity | 0.96 | 0.83 |
| Return on Net Worth (RoNW) | 20.49% | 66.67% |
| PAT Margin | 11.29% | 10.36% |
| EBITDA Margin | 15.74% | 14.27% |
| Net Asset Value (NAV) | ₹24.56 | ₹19.53 |
| Price-to-Book (P/B) Ratio | — | 10.45x |
The supplied figures show changes in return ratios and leverage between the two reported dates. These ratios should be read alongside the relevant reporting periods and the underlying financial statements, particularly because the June 2026 period is shorter than the full financial year.
The PAT and EBITDA margins provide an indication of reported profitability relative to the relevant income measure, while debt-to-equity helps investors assess the company’s borrowing position in relation to its equity base. Investors should also consider the use of IPO proceeds and the company’s planned investment in its subsidiary when evaluating future capital requirements.
Objects of the Wiscon Industries IPO
The company proposes to use the net proceeds from the fresh issue for the following purposes. The amounts below are reproduced from the supplied IPO information.
| No. | Issue Objects | Estimated Amount (₹ crore) |
|---|---|---|
| 1 | Investment in the wholly owned subsidiary, Dalmia Technologies Limited, to finance capital expenditure towards the purchase of plant and machinery | 15.04 |
| 2 | Investment in Dalmia Technologies Limited to fund its incremental working capital requirements | 35.00 |
| 3 | To meet the company’s working capital requirements | 17.00 |
| 4 | To fund marketing and promotional activities | 5.23 |
| 5 | General corporate purposes | — |
| 6 | Issue expenses | — |
| Total | 72.26 |
The stated allocations include investment in the subsidiary, funding for working capital and expenditure on marketing and promotional activities. The supplied table reports a total of ₹72.26 crore against the listed objects. The final allocation and the treatment of issue expenses should be confirmed against the RHP before publication.
The fresh issue proceeds are intended for the company’s stated objectives, while the proceeds from the offer for sale will be received by the selling shareholder, Sidhant Dalmia. The OFS does not provide proceeds to the company.
Wiscon Industries IPO Listing Performance
Listing performance shows how a company’s shares trade when they begin trading on the stock exchange. Since the tentative listing date for Wiscon Industries IPO is 3 November 2026, listing price and listing gain figures are not yet available in the information supplied.
| Particular | Value |
|---|---|
| Listing Exchange | BSE SME |
| Tentative Listing Date | 3 November 2026 |
| Issue Price | ₹204 per share (upper price band) |
| Listing Price | Not available yet |
| Listing Gain | Not available yet |
| Listing Gain (%) | Not available yet |
The listing price and listing gain will be determined after trading begins. Investors should avoid treating the issue price or the company’s projected market capitalisation as an indication of guaranteed listing gains.
Wiscon Industries IPO Subscription Status
The subscription status records the number of times applications received in each investor category cover the shares reserved for that category. As the IPO is scheduled to open on 27 October 2026, subscription figures have not been provided in the information supplied.
Wiscon Industries IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Not available yet |
| Non-Institutional Investors (NII) | Not available yet |
| Retail Individual Investors (RII) | Not available yet |
| Total Subscription | Not available yet |
The final subscription figures will be available during and after the bidding period. Investors can use these figures to understand demand across investor categories, but subscription levels alone do not establish whether an IPO is suitable for their investment objectives.
Wiscon Industries IPO Review
Wiscon Industries Limited operates in the consumer electronics segment, offering products such as LED televisions, air coolers, washing machines and air conditioners under the Wiscon brand. Its B2B distribution network and B2C online channel provide access to different customer groups. The company’s addition of Dalmia Technologies Limited as a wholly owned subsidiary also gives it a route to expand its LED television manufacturing-related operations.
The IPO proceeds are earmarked for several business requirements, including ₹15.04 crore for plant and machinery at the subsidiary, ₹35 crore for the subsidiary’s incremental working capital and ₹17 crore for the company’s working capital. A further ₹5.23 crore is proposed for marketing and promotional activities. These allocations indicate that working capital and the subsidiary’s planned investment are important elements of the issue.
The supplied financial information reports FY 2025–26 PAT of ₹20.41 crore and EBITDA of ₹28.09 crore, with a price band of ₹194 to ₹204 per share. The valuation should be assessed in the context of the company’s operating history, financial consistency, working capital requirements and competitive position. The supplied figures also contain differences between revenue from operations and total income descriptions, so the final RHP should be consulted for a consistent financial comparison.
Overall, Wiscon Industries IPO offers exposure to a consumer electronics business with multiple sales channels and proposed investment in subsidiary operations. However, investors should evaluate the company’s limited operating history, competitive pressures, execution risks and ability to manage working capital before making an investment decision. This review is informational and is not a personal investment recommendation.
Wiscon Industries IPO Strengths
- Diversified Product Portfolio: The company supplies several consumer electronics categories, including LED TVs, air coolers, washing machines and air conditioners.
- B2B and B2C Distribution: The company uses offline dealers and distributors alongside its own online platform to serve different customer segments.
- Brand Presence: Products are marketed under the Wiscon brand, supporting a consistent identity across its consumer electronics range.
- After-Sales Support: The company reports an after-sales service network to support customers across India.
- Subsidiary Investment Plans: Proposed investment in Dalmia Technologies Limited may support capital expenditure and its incremental working capital needs.
- Marketing Allocation: The proposed allocation for marketing and promotional activities may help support brand visibility and product reach.
Wiscon Industries IPO Risk Factors
- Short Operating History: The company was incorporated in September 2022, giving it a relatively short operating track record compared with longer-established consumer electronics businesses.
- Competitive Market: The consumer electronics sector includes established brands, manufacturers, importers, distributors and online sellers. Competition may put pressure on pricing and margins.
- Working Capital Requirements: The company and its subsidiary require funding for working capital. Poor inventory management or delayed customer payments could affect liquidity.
- Supplier and Sourcing Risks: Product availability, supplier terms and sourcing costs can affect operating performance, particularly when demand or supply conditions change.
- Execution Risk: The benefits of the planned investment in plant and machinery and the subsidiary’s expansion depend on effective implementation and utilisation.
- Profitability and Financial Reporting: Investors should examine the final RHP financial statements and relevant reporting periods carefully, including the relationship between revenue from operations, total income, margins and borrowings.
- Promoter OFS: The promoter is selling 10,78,200 shares through the offer for sale. Proceeds from these shares will go to the selling shareholder rather than the company.
- Listing and Market Risk: SME-listed shares can experience price fluctuations after listing. The issue price does not guarantee listing gains or future returns.
Wiscon Industries IPO Promoters
Sidhant Dalmia is identified as the company promoter in the supplied IPO information. He is also the selling shareholder for the offer for sale component. The pre-IPO promoter and promoter group shareholding is reported at 94.18%, compared with a post-IPO holding of 68.46%.
Wiscon Industries IPO Promoters Details :
| Promoter | Designation / Category |
|---|---|
| Sidhant Dalmia | Promoter and selling shareholder |
Offer for Sale – Selling Shareholder
| Name | Category | No. of Shares Offered | Amount (₹ crore) |
|---|---|---|---|
| Sidhant Dalmia | Promoter | 10,78,200 | 22.00 |
| Total | 10,78,200 | 22.00 |
The OFS allows the selling shareholder to sell a portion of the existing shareholding. Unlike the fresh issue, this portion of the IPO does not directly add funds to the company’s balance sheet.
Wiscon Industries IPO Management Team
The supplied information identifies Sidhant Dalmia as the company promoter but does not provide a complete management-team table with individual names and designations. The details below therefore include only the role specifically identified in the supplied information.
| Name | Designation |
|---|---|
| Sidhant Dalmia | Promoter |
The company’s final RHP should be consulted for the full list of directors, key managerial personnel and other management details before publication.
Wiscon Industries IPO Registrar Details
The registrar manages IPO application records, processes allotment-related information, coordinates refunds and share credits, and handles investor queries relating to the issue.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Pvt. Ltd. |
| Website | https://maashitla.com/ |
| IPO Allotment Status | https://maashitla.com/ |
| Email ID | [email protected] |
| Contact Number | 011-45121795 |
Investors should use the registrar’s official website to find the relevant IPO allotment-status facility once the allotment process has been completed.
Wiscon Industries IPO Lead Manager Details
The book-running lead manager coordinates the IPO process and supports the company with issue management and related responsibilities.
| Particular | Details |
|---|---|
| Lead Manager | Smart Horizon Capital Advisors Pvt. Ltd. |
| Market Maker | Shreni Shares Ltd. |
Wiscon Industries Limited Contact Details
The following contact details are reproduced from the information supplied for the IPO.
| Particular | Details |
|---|---|
| Company Name | Wiscon Industries Limited |
| Registered Office | C 64, DDA Shed, Okhla Industrial Area, Phase 1, South Delhi, New Delhi – 110020 |
| Website | https://wiscon.in/ |
| Email ID | [email protected] |
| Contact Number | +91 9315848377 |
How to Check Wiscon Industries IPO Allotment Status
Investors can check the Wiscon Industries IPO allotment status after the basis of allotment is finalised, expected on 30 October 2026. The registrar’s website is the primary place to look for the issue-specific allotment facility.
Through Maashitla Securities Pvt. Ltd.
- Visit the official Maashitla Securities website: https://maashitla.com/
- Look for the IPO allotment-status section or the relevant public issue link.
- Select Wiscon Industries IPO, when it appears in the list.
- Choose an available identification option, such as PAN or application number.
- Enter the requested details and submit the form to view the allotment result.
Through BSE
- Visit the official BSE website: https://www.bseindia.com/
- Navigate to the IPO or public issue application-status section.
- Select the relevant issue, if it is available on the portal.
- Enter the requested application details and complete any verification.
- Submit the information to view the allotment status, if the service is available for the issue.
Investors should check the registrar or exchange portal directly for the current process and available options. Successful applicants are expected to receive shares in their demat accounts on 2 November 2026, according to the supplied timetable.
Wiscon Industries IPO Conclusion
Wiscon Industries IPO is a ₹110 crore SME book-building issue scheduled to open from 27 October 2026 to 29 October 2026. The issue has a price band of ₹194 to ₹204 per share and a lot size of 600 shares. At the upper price band, the minimum retail application is for 1,200 shares, representing an investment of ₹2,44,800. The tentative listing date on BSE SME is 3 November 2026.
Wiscon Industries Limited operates in the consumer electronics segment, supplying products under its Wiscon brand through B2B and B2C channels. The company proposes to use the fresh issue proceeds for investment in its wholly owned subsidiary, working capital and marketing activities. The offer for sale will provide proceeds to the promoter selling the shares rather than to the company.
Before applying, investors should evaluate the company’s financial statements, valuation, working capital requirements, competition and ability to execute its expansion plans. The dates and figures in this content are based on the information supplied for the IPO; the final RHP should be used to confirm the offer terms and financial disclosures. The IPO’s listing performance and subscription figures will become available only when the relevant data is released.
Wiscon Industries IPO FAQs
What is Wiscon Industries IPO?
Wiscon Industries IPO is a BSE SME book-building public issue of Wiscon Industries Limited, a consumer electronics business offering products such as LED TVs, air coolers, washing machines and air conditioners.
What is the price band of Wiscon Industries IPO?
The price band is ₹194 to ₹204 per equity share.
What is the total issue size of Wiscon Industries IPO?
The total issue size is ₹110 crore, comprising a fresh issue and an offer for sale by the promoter.
When will Wiscon Industries IPO open and close?
The IPO is scheduled to open on 27 October 2026 and close on 29 October 2026.
What is the lot size of Wiscon Industries IPO?
The lot size is 600 shares. The minimum retail application is for two lots, or 1,200 shares, amounting to ₹2,44,800 at the upper price band.
When is the Wiscon Industries IPO allotment expected?
The allotment is expected to be finalised on 30 October 2026.
What is the listing date of Wiscon Industries IPO?
The tentative listing date is 3 November 2026 on the BSE SME platform.
Who is the registrar of Wiscon Industries IPO?
Maashitla Securities Pvt. Ltd. is the registrar of the issue.
Who is the book-running lead manager of Wiscon Industries IPO?
Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager. Shreni Shares Ltd. is the market maker.
What are the objects of Wiscon Industries IPO?
The proposed uses include investment in Dalmia Technologies Limited for plant and machinery and incremental working capital, the company’s working capital requirements, marketing and promotional activities, general corporate purposes and issue expenses.
