Wiscon Industries IPO: Listing Price, Share Price Today, Listing Gains and Review

Wiscon Industries IPO listing price and share price today

Wiscon Industries shares opened at ₹204 on BSE SME on 3 November 2026, exactly the ₹204 issue price, so there was no listing gain (Confirmed, BSE). The stock traded between ₹194 and ₹204.20 and closed at ₹203.55, 0.2% below the issue price. On the minimum application of 1,200 shares, that is a paper loss of ₹540 at the close (Calculated).

The flat debut matched the nil grey-market premium and the thin 1.17x subscription. Wiscon trades on BSE SME under the symbol WISCON (scrip code 545010). Compare other debuts in our IPO GMP vs listing price tracker and the listed IPO list.

Wiscon Industries IPO allotment status and final subscription

Wiscon Industries IPO closed on 29 October 2026 with 1.17 times subscription. QIBs covered their portion 2.24 times. However, the NII and individual investor portions stayed below full, at 0.62 times and 0.66 times.

Allotment is expected on 30 October, and the shares are due to list on BSE SME on 3 November. These dates come from the issue timetable and remain tentative.

Because the individual investor category was undersubscribed, valid bids there have a good chance of allotment. The basis of allotment will confirm it. Also note that thin demand outside QIBs is a signal worth weighing before the listing. See how to check Wiscon Industries IPO allotment status below.

Wiscon Industries IPO overview

Data as of 24 October 2026, 21:00 IST. Confirmed = red herring prospectus (RHP), SEBI or exchange notice. Reported = media or broker summaries of the RHP. Calculated = our arithmetic. Unofficial = grey-market quotes.

The Wiscon Industries IPO opens on 27 October and closes on 29 October 2026 on the BSE SME platform at a price band of ₹194 to ₹204 a share. One lot is 600 shares and individual investors apply for two lots (1,200 shares), which costs ₹2,44,800 at the upper band. The ₹110 crore issue is ₹88.01 crore of new shares plus a ₹22 crore offer for sale by promoter Sidhant Dalmia. At ₹204 the company is worth about ₹408 crore after the issue, or about 20 times FY26 profit. Allotment is due on 30 October and listing on 3 November.

Wiscon Industries IPO details at a glance

What Wiscon Industries does

Wiscon Industries, incorporated in September 2022, sells consumer electronics under the Wiscon brand: LED televisions, air coolers, washing machines and air conditioners. It also sells electric scooters made by a third-party brand. Sales are almost entirely business-to-business through dealers and distributors, about 99% of FY26 revenue, with the rest from its own website (Reported). Revenue is concentrated in Delhi, Uttar Pradesh and Haryana (Reported). It had 76 permanent employees at 30 September 2026.

Much of the business so far is trading and supply rather than manufacturing. Part of the IPO money goes to a wholly owned subsidiary, Dalmia Technologies, for plant and machinery and working capital, which points to a move into making some products itself. Promoter Sidhant Dalmia and the promoter group own 94.18% before the issue and 68.46% after it (Reported).

Wiscon Industries financials: revenue, profit and margins

Two things stand out. First, the scale-up is extreme: income rose from about ₹14 crore in FY25 to about ₹197 crore in FY26, and the June 2026 quarter alone brought in ₹69.85 crore. Second, the public figures do not fully agree, so investors should read the restated statements in the RHP rather than rely on summaries, ours included. Return on equity of over 100% in FY26 reflects a very small equity base, not a level a business can usually sustain.

The balance sheet grew quickly too: total assets went from ₹90.75 crore at March 2026 to ₹144.79 crore at June 2026, and borrowings from ₹25.26 crore to ₹36.97 crore (Reported). Fast growth in a distribution business usually means more stock and more money owed by dealers, which is what the working-capital part of the IPO is for.

Wiscon Industries IPO valuation: what ₹204 a share implies

• Post-issue market value: about ₹408 crore at ₹204 (Calculated: 1,99,87,500 shares × ₹204).
• P/E after the issue: about 20 times FY26 profit (Calculated).
• P/E before dilution: about 15.7 times (Calculated).
• Listed peer: Cellecor Gadgets at about 19.4 times earnings, as quoted in an RHP summary (Reported).

A multiple close to the listed peer gives little discount for a business with one year of meaningful profit.

How Wiscon Industries will use the IPO money

• ₹15.04 crore for plant and machinery at subsidiary Dalmia Technologies.
• ₹35 crore for working capital at Dalmia Technologies.
• ₹17 crore for the company’s own working capital.
• ₹5.23 crore for marketing and promotion.
• The rest for general corporate purposes and issue expenses; the ₹22 crore offer for sale goes to the promoter.

Wiscon Industries IPO GMP vs listing price

Listing update: Wiscon opened at ₹204 on BSE SME on 3 November, exactly its issue price, in line with the nil grey-market premium we saw before listing (Unofficial).

As of 24 October 2026 we found no reliable grey-market premium for Wiscon Industries (Unofficial). Quotes for SME issues often appear only once bidding starts. GMP is unregulated and not a forecast of the listing price. See our GMP guide.

Wiscon Industries IPO lot size and minimum investment

The individual portion is reported at 17,78,400 shares, enough for about 1,482 applications of 1,200 shares (Calculated).

Wiscon Industries IPO review: strengths and risks

Strengths

• Fast growth in income and profit, with the June 2026 quarter already above a third of FY26 income.
• About 80% of the issue is fresh money, with a plan to add in-house production.
• Its own brand across several appliance categories.

Risks

• Very short record: incorporated in 2022, loss-making in FY24, small in FY25.
• Data quality: revenue figures differ between public summaries of the RHP.
• Concentration: almost all sales are B2B and concentrated in three states.
• Competition: consumer electronics is crowded and seasonal, with thin margins for smaller brands.
• Execution: the subsidiary’s new plant has to be built and run.
• SME liquidity: large trading lots and thin volumes after listing.

Our Scouter Reading: 1,400, Base

We score Wiscon Industries at 2,800 out of 10,000 on our earlier v1 research scale, in the Base band. Points for: steep growth and mostly fresh money. Points against: one year of meaningful profit, figures that do not fully reconcile, dependence on B2B distribution in three states and a multiple close to the listed peer. The Scouter Reading rates the research case; it is not a recommendation to apply or avoid.

How to check Wiscon Industries IPO allotment status

The basis of allotment is expected on 30 October 2026. You can check by PAN or application number on the registrar’s website (Maashitla Securities) or on the BSE allotment page. Refunds and demat credit are expected on 2 November and listing on BSE SME on 3 November. Our allotment status guide covers each method.

What to watch after listing

• First half-year results as a listed SME company.
• Anchor lock-in expiries: half of the anchor shares can be sold 30 days after allotment and the rest after 90 days.
• Liquidity: SME shares trade in lots, so volumes and the spread between buy and sell prices matter more than on the main board.

The Core4 Engineers SME IPO closes on 27 October; see all SME IPOs.

Wiscon Industries IPO: frequently asked questions

Sources: BSE public issues · Kotak Neo · Univest (RHP financials)

Figures are from the sources named and may change; read the RHP before investing. SME shares can be thinly traded.