Wiscon Industries IPO – Company Analysis
Wiscon Industries IPO is a book build issue of Rs. 110 Cr (0.54 Cr shares) by Wiscon Industries Limited, which 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.
Wiscon Industries IPO Details
The Wiscon Industries IPO date is 27 Oct 2026; its initial public offering will end on 29 Oct, IPO allotment on Oct 30 and refund initiation on Nov 02, 2026. The Rs. 110 crore new SME IPO comprises a combination of a fresh issue of 43.14 lakh shares (Rs. 88.01 Cr) and an offer for sale of 10.78 lakh shares (Rs. 22 Cr).
The Wiscon Industries IPO listing date (expected) might be Tuesday, Nov 03, 2026, and the listing on the BSE and SME.
Wiscon Industries IPO price band is Rs. 194 to Rs. 204.
|
Events |
Date |
|
IPO Opening Date |
Oct 27, 2026 |
|
IPO Closing Date |
Oct 29, 2026 |
|
IPO Allotment Date |
Oct 30, 2026 |
|
Refund Initiation |
Nov 02, 2026 |
|
IPO Listing Date |
Nov 03, 2026 |
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Company Financial
(Amount in Cr)
|
Period |
30 Jun 20256 |
31 Mar 2026 |
|
Assets |
144.79 |
90.75 |
|
Total Income |
69.85 |
197.13 |
|
Profit After Tax |
7.89 |
20.41 |
|
EBITDA |
11.00 |
28.09 |
|
Net Worth |
38.49 |
30.61 |
|
Reserves & Surplus |
22.82 |
25.38 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(2,000.99) |
63.60 |
(136.29) |
|
Net Cash Flow Investing Activities |
(1,021.18) |
(348.54) |
(11.79) |
|
Net Cash Flow Financing Activities |
3,019.95 |
303.19 |
149.41 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Investment in the WOS, Dalmia Technologies Limited for financing its capital expenditure towards purchase of Plant and Machinery. ~ Rs. 15.04 Cr.
-
Investment in the WOS, Dalmia Technologies Limited for funding its incremental working capital requirements. ~ Rs. 35 Cr.
-
To meet Working Capital requirements of the Company. ~ Rs. 17 Cr.
-
To Fund Marketing and Promotional Activities in the Company. ~ Rs. 5.23 Cr.
Listed Peers of Wiscon Industries Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
P / E Ratio (x) |
|
Cellecor Gadgets Limited |
1 |
1.80 |
15.89 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
117.37% |
|
ROCE |
51.82% |
|
Debt/Equity |
0.83 |
|
RoNW |
66.67% |
|
PAT Margin |
10.36% |
|
EBITDA Margin |
14.27% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 13.56 from the last year, the resulting P/E ratio is 15.04x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
13.02 |
15.78 |
|
P/E (x) |
15.67 |
12.93 |
Explore the Core4 Engineers IPO.
IPO's 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.
IPO's Weaknesses
-
Over 99% of the company's purchases are concentrated among its top 10 suppliers, creating acute vulnerability to supply chain interruptions or price volatility.
-
Draft Red Herring Prospectus (DRHP) filings highlight material regulatory risks, including BIS (Bureau of Indian Standards) non-compliance issues noted in over 30% of purchases.
-
A large chunk of sales and supplier dependence is heavily skewed toward North India (Delhi, Uttar Pradesh, and Haryana), making the business prone to regional economic or regulatory shifts
Wiscon Industries IPO GMP (Grey Market Premium)
Wiscon Industries IPO GMP today has not started yet as of 22 October 2026, while writing this information.
Wiscon Industries IPO Summary
|
IPO Opening & Closing Date |
27 Oct, 2026 to 29 Oct, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 194 to Rs. 204 per Share. |
|
Lot Size |
600 Shares |
|
Issue Size |
53,92,200 Shares (Rs. 110 Cr) |
|
Offer for Sale |
10,78,200 Shares (Rs. 22 Cr) |
|
Fresh Issue |
39,24,000 Shares (Rs. 80 Cr) |
|
Market Makers |
3,90,000 Shares (Rs. 8 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Maashitla Securities Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (1200 Shares) for Rs. 2,44,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (1800 Shares) for Rs. 3,67,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Wiscon Industries IPO Allotment Status
To check the Wiscon Industries IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Wiscon Industries Ltd.
Sidhant Dalmia.
|
Pre-Issue Promoter Shareholding |
94.18% |
|
Post-Issue Promoter Shareholding |
68.46% |
IPO Lead Managers
Smart Horizon Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
The Wiscon Industries IPO 2026 is an SME IPO worth ₹110 crore, offering exposure to India’s consumer electronics market through B2B, B2C, and online sales channels. The company has reported financial growth, but high supplier concentration, regulatory compliance risks, and regional dependence are key concerns for investors. Investors should review the Wiscon Industries IPO price band, valuation, financial performance, and risk factors carefully before making an investment decision.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is only for educational purposes. Always discuss with your SEBI-registered financial advisor for investment-related decisions.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To read the Prospectus of the company, click here to download the DRHP & RHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
