The company completed its offering in a price band of Rs 194 to Rs 204 per share, having also raised Rs 25.01 crore from anchor investors prior to the public bidding. The majority of the proceeds, amounting to Rs 50.04 crore, will be channeled into subsidiary Dalmia Technologies Limited for equipment and operations. Additionally, Rs 17 crore is allocated toward internal working capital, while Rs 5.23 crore will support marketing and promotional campaigns. Incorporated in 2022, the business has scaled rapidly, increasing its revenue from operations to Rs 7,339.16 lakh in FY26.
Key points
Proceeds from the issue will primarily strengthen operational capacity through equipment…: Proceeds from the issue will primarily strengthen operational capacity through equipment purchases and working capital support.
The company distributes electronics and third-party electric scooters through both an onl…: The company distributes electronics and third-party electric scooters through both an online platform and offline dealership networks.
Operational revenue for the firm expanded significantly from Rs 321.45 lakh in FY24 to Rs…: Operational revenue for the firm expanded significantly from Rs 321.45 lakh in FY24 to Rs 7,339.16 lakh in FY26.
Sources checked by our analysis pipeline: 1
The IPO, which opened for subscription on October 27 and closed on October 29, 2026, received an overall subscription of 88%. The qualified institutional buyers (QIB) portion was subscribed 2.24 times, while the non-institutional investor (NII) category saw a subscription of 62 times. The retail portion was subscribed 66%.
Wiscon Industries had fixed the IPO price band at Rs 194-204 per share, with a lot size of 600 shares. Retail investors were required to apply for a minimum of two lots, or 1,200 shares, translating into an investment of Rs 2,44,800 at the upper end of the price band. For high-net-worth individuals (HNIs), the minimum application size was three lots, or 1,800 shares, amounting to Rs 3,67,200.
The company's shares are scheduled to list on the BSE SME platform on November 3, 2026. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, while Maashitla Securities Pvt. Ltd. is the registrar.
Ahead of the public issue, Wiscon Industries raised Rs 25.01 crore from anchor investors. The anchor investor bidding took place on October 26, 2026.
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