Wiscon Industries IPO

SME • BSE SME • Fresh capital cum OFS

LISTEDSMEBSE SME

Wiscon Industries

Price band

₹194 – ₹204

Lot size

600 shares

Min investment

₹1,22,400

Issue size

₹110 Cr

About the company

Wiscon Industries Limited was incorporated in September 2022 and is based in Delhi. The company trades in and supplies consumer electronic products across India. It sells LED TVs, air coolers, washing machines and air conditioners under its own "Wiscon" brand. It also sells electric scooters that it sources from third-party brands. The company serves both business customers (B2B) and individual customers (B2C). Products reach buyers through an offline network of dealers and distributors and through the company's own online platform. A sales team working from the registered office manages these operations. Revenue from operations grew from Rs 3.21 crore in FY2024 to Rs 14.49 crore in FY2025 and Rs 73.39 crore in FY2026. The company had 76 permanent employees as of 30 September 2026. Of the issue, Rs 50.04 crore of the objects is for its wholly owned subsidiary, Dalmia Technologies Limited, for plant and machinery and working capital. The rest is for the company's own working capital and marketing.

Wiscon Industries, based in Delhi, trades in and supplies consumer electronics such as LED TVs, air coolers, washing machines and air conditioners under its Wiscon brand. Revenue from operations grew from Rs 14.49 crore in FY2025 to Rs 73.39 crore in FY2026.

IPO details

Issue price: ₹204
Price band: ₹194 – ₹204
Face value: ₹10
Lot size: 600
Min investment: ₹1,22,400
Issue size: ₹110 Cr
Sale type: Fresh capital cum OFS
Listing on: BSE SME
BSE scrip code: 8061
NSE symbol: WISCON.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	600	₹1,22,400
Retail (Max)	1	600	₹1,22,400
HNI (Min)	2	1,200	₹2,44,800

Investor reservation

CATEGORY	RESERVED
QIB	24,51,600 shares (49.01% of the Offer)
NII	7,72,200 shares (15.44% of the Offer)
Retail	17,78,400 shares (35.55% of the Offer)

Objects of the issue

1Investment in the WOS, Dalmia Technologies Limited for financing its capital expenditure towards purchase of Plant and Machinery15.04

2Investment in the WOS, Dalmia Technologies Limited for funding its incremental working capital requirements35.00

3To meet Working Capital requirements of the Company17.00

4To Fund Marketing and Promotional Activities in the Company5.23

5General Corporate Purposes

6Issue expenses

Financials

Rs. Crore • restated

METRIC	30 Jun 2026	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 and Surplus	22.82	25.38
Total Borrowing	36.97	25.26

Key performance indicators

P/E Ratio

12.93

EPS (₹)

15.78

RoE

22.83%

RoCE

14.72%

RoNW

20.49%

PAT Margin

11.29%

EBITDA Margin

15.74%

Debt / Equity

0.96

NAV (₹)

24.56

✓ Strengths

• Revenue from operations grew from Rs 3.21 crore in FY2024 to Rs 14.49 crore in FY2025 and Rs 73.39 crore in FY2026.

• Profit after tax was Rs 20.41 crore in FY2026 and Rs 7.89 crore in the quarter ended 30 June 2026.

• EBITDA was Rs 28.09 crore in FY2026, with an EBITDA margin of 14.27% in FY2026 and 15.74% in the quarter ended 30 June 2026.

• Net worth rose from Rs 30.61 crore on 31 March 2026 to Rs 38.49 crore on 30 June 2026.

• At the upper band of Rs 204, the P/E is 12.93 on a post issue EPS of Rs 15.78 (based on annualised June 2026 earnings). On the pre issue EPS of Rs 13.02 (FY2026), the P/E is 15.67.

• The company sells through B2B and B2C channels, using offline dealers and distributors and its own online platform.

• The fresh issue is 43,14,000 shares worth about Rs 88.01 crore, which is 80% of the Rs 110 crore issue. The rest is an offer for sale of 10,78,200 shares worth Rs 22.00 crore.

⚠ Risks

• The financials need checking. The restated table shows total income of Rs 197.13 crore in FY2026, but revenue from operations is Rs 73.39 crore in the company profile. The two figures do not match.

• The financials table shows only two periods (FY2026 and the quarter ended 30 June 2026), so profit for FY2025 and FY2024 cannot be compared.

• The company is young. It was incorporated in September 2022, and revenue from operations rose about five times in FY2026, from Rs 14.49 crore to Rs 73.39 crore, which may be hard to repeat.

• RoE of 117.37% and RoNW of 66.67% in FY2026 sit on a small net worth of Rs 30.61 crore, so they are high mainly because the equity base is thin.

• Total borrowing rose from Rs 25.26 crore on 31 March 2026 to Rs 36.97 crore on 30 June 2026, and the debt to equity ratio is 0.96.

• Rs 50.04 crore of the Rs 72.26 crore objects goes to the subsidiary Dalmia Technologies Limited, so the money reaches the business through a subsidiary.

• Promoter Sidhant Dalmia sells 10,78,200 shares worth Rs 22.00 crore, and promoter holding falls from 94.18% before the issue to 68.46% after it.

• The company trades in and supplies products, and its electric scooters are sourced from third-party brands, so it depends on outside suppliers.

• This is an SME issue. One lot is 600 shares, which is about Rs 1.22 lakh at the upper band of Rs 204, and SME shares usually trade in low volume after listing.

Promoters & holding

Sidhant Dalmia

Pre-issue promoter holding

94.18%

Post-issue promoter holding

68.46%

Promoters hold 94.18% before the issue and will hold 68.46% after it.

Data refreshed 09 Nov 2026, 02:00 pm IST. GMP is unofficial market sentiment, not investment advice.