Consumer electronic products supplier Wiscon Industries has set its initial public offering for public subscription on October 27, with a price band of ₹194-204 per share. According to reports from The Economic Times, the bidding will close on October 29, with the one-day anchor book for institutional investors opening on October 26. The company successfully raised ₹25.01 crore through its anchor book allotment to five investors, including LRSD Capital, PSEB Alpha Fund, and Mastergrowth 369 Alternative Investment Trust. The company's shares will be available for trading on the BSE SME platform on November 3. With a minimum lot size of 600 shares, retail investors need approximately ₹2,44,800 to participate in this SME issue. The allotment is expected to be finalised on October 30, with Smart Horizon Capital Advisors serving as the book-running lead manager and Maashitla Securities as the registrar.
The 53.92 lakh shares IPO comprises a fresh issue of 43.14 lakh equity shares worth ₹88.01 crore and an offer-for-sale of 10.78 lakh shares aggregating to ₹22 crore. As reported by The Economic Times, the company is raising funds up to ₹110 crore via this public offering for its capital expenditure and working capital requirements. The subscription allocation shows Retail Individual Investors (RIIs) at 42.68% (17.78 lakh shares), Qualified Institutional Buyers (QIBs) at 29.42% (12.25 lakh shares), Non-Institutional Investors at 18.53% (7.72 lakh shares), and Market Makers at 9.36% (3.90 lakh shares). For high-net-worth individuals, the minimum application size is three lots (1,800 shares), requiring an investment of ₹3,67,200 at the upper end of the price band.
New Delhi-based Wiscon Industries, founded in September 2022, trades and supplies consumer electronics under its flagship brand Wiscon, including LED TVs, air coolers, washing machines, air conditioners, and third-party electric scooters through dealers, distributors, and its own online platform. According to reports from The Economic Times, the company serves both business-to-business and business-to-customers segments within India. The business-to-business segment contributed nearly 99 percent to revenue in fiscal 2026, with the remaining contribution coming from the business-to-customers segment. The company has achieved significant growth with revenue increasing from ₹321.45 lakh in FY24 to ₹1,449.27 lakh in FY25, before increasing further to ₹7,339.16 lakh in FY26. As of September 30, 2026, Wiscon Industries had 76 permanent employees supporting its operations. The company has also been recognized as an Emerging Consumer Electronics Brand by ET Industry Leaders North 2026 and achieved ISO 9001:2015 Quality Management System certification for its comprehensive product portfolio.
The company will invest ₹50 crore of net fresh issue proceeds in its subsidiary Dalmia Technologies for financing its capital expenditure towards purchase of plant and machinery, and incremental working capital requirements. As reported by The Economic Times, ₹17 crore will be used for the company's working capital requirements, ₹5.2 crore for marketing and promotional activities, and the remainder funds for general corporate purposes. The merchant banker managing the Wiscon Industries IPO is Smart Horizon Capital Advisors.
