Wiscon Industries IPO
IPO Details
Bidding Dates
27 Oct '26 - 29 Oct '26
Minimum Investment
₹2,44,800 / 2 Lots (1,200 shares)
Price Range
₹194 - ₹204
Maximum Investment
₹2,44,800 / 2 Lots (1,200 shares)
Retail Discount
N.A.
Issue Size
₹110 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyer (QIB)Wiscon Industries IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
27 Oct '26
IPO Closing Date
29 Oct '26
Basis of Allotment
30 Oct '26
Initiation of Refunds
02 Nov '26
IPO Listing Date
03 Nov '26
About Wiscon Industries Limited IPO
Wiscon Industries IPO is a book-built issue worth ₹110 crore, comprising a fresh issue of 43.14 lakh shares aggregating to ₹88.01 crore and an offer for sale (OFS) of 10.78 lakh shares worth ₹22 crore. The IPO opens for subscription on October 27, 2026, and closes on October 29, 2026.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Maashitla Securities Private Limited is the registrar of the issue. Shreni Shares Limited is the market maker for the IPO.
Industry Outlook
- Market Growth: India’s consumer durables market is projected to grow at an 11% CAGR, expanding from US$ 21.2 billion in FY24 to US$ 33.6–36.1 billion by FY29. India is projected to become the world’s fourth-largest consumer durables market by FY27.
- Televisions and Smart Displays: India’s television market revenue is estimated at ₹22,871 crore in 2025. Smart TV shipments reached 12.1 million units in 2024, while connected TV penetration is expected to increase to 76 million households by 2030.
- Air Conditioners: Annual AC sales in India stand at around 15 million units and are expected to double to 30 million units by 2030, supported by rising temperatures, low household penetration, and growing demand in smaller cities.
- Washing Machines and Home Appliances: India’s washing machine market is projected to reach US$ 4.31 billion by 2030. The refrigerator market is also expected to expand, while the electric fan market is projected to grow at a 12.20% CAGR through 2033.
- Electric Two-Wheelers: India’s EV registrations reached 2.05 million units in FY25, up 22% year-on-year. Growing electric two-wheeler adoption and the expansion of charging infrastructure are supporting the segment’s development.
- Government Support: The PLI scheme for white goods has attracted investment commitments of ₹11,198 crore from 85 approved companies. The Electronics Components Manufacturing Scheme, with an increased outlay of ₹40,000 crore in Budget 2026–27, is expected to support domestic component manufacturing.
- Policy Support for EVs: Government initiatives, including PM E-DRIVE and FAME-II, along with a 5% GST rate on electric vehicles, support the transition towards electric mobility and domestic EV adoption.
Wiscon Industries IPO Objectives
- Capital Expenditure: ₹15.04 crore investment in its wholly owned subsidiary, Dalmia Technologies Limited, to purchase plant and machinery.
- Working Capital for Subsidiary: ₹35 crore to meet the incremental working capital requirements of Dalmia Technologies Limited.
- Company Working Capital: ₹17 crore to meet the company’s working capital requirements.
- Marketing and Promotions: ₹5.23 crore for marketing and promotional activities.
- General Corporate Purposes: A portion of the proceeds will be allocated towards general corporate purposes and issue expenses.
About Wiscon Industries Limited
Wiscon Industries Limited, established in September 2022, is an Indian consumer electronics and home appliances company operating under its flagship brand, Wiscon. The company focuses on product trading, distribution, brand management, and sales, while its wholly owned subsidiary, Dalmia Technologies Limited (DTL), handles manufacturing and assembly operations.
The company’s product portfolio includes:
- Consumer Electronics: LED televisions marketed under the Wiscon brand.
- Home Appliances: Air conditioners, washing machines, air coolers, and related spare parts.
- Electric Mobility: Electric scooters sold under a third-party brand.
- After-Sales Services: Installation, maintenance, and repair services through third-party service providers.
Wiscon serves both business-to-business (B2B) customers, including wholesalers, traders, and distributors, and business-to-consumer (B2C) customers through its website. Its sales network covers multiple Indian states, including Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat, and Bihar.
The company’s subsidiary, Dalmia Technologies Limited, operates a manufacturing and assembly facility in Okhla Industrial Area, New Delhi, spanning approximately 22,950 sq. ft. The facility supports LED television assembly and PCB manufacturing, helping the group manage its production operations.
Financial Performance of Wiscon Industries Limited
Particulars | FY26 | FY25 | FY24 |
Revenue from Operations (₹ crore) | 196.87 | 14.49 | 3.21 |
EBITDA (₹ crore) | 28.09 | 1.79 | -1.73 |
EBITDA Margin (%) | 14.27 | 12.35 | -53.89 |
Profit After Tax (PAT) (₹ crore) | 20.41 | 1.25 | -1.36 |
PAT Margin (%) | 10.36 | 8.65 | -42.23 |
Net Profit Margin (%) | 10.36 | 8.65 | -42.23 |
Return on Equity (RoE) (%) | 117.37 | 65.47 | 295.75 |
Return on Net Worth (RoNW) (%) | 66.67 | 30.08 | 401.97 |
Return on Capital Employed (ROCE) (%) | 51.82 | 38.03 | -658.97 |
Wiscon Industries Peer Comparison
Company | Face Value (₹) | Revenue from Operations (₹ crore) | Diluted EPS (₹) | P/E Ratio (times) | Return on Net Worth (%) |
Wiscon Industries Limited | 10 | 196.87 | 13.56 | - | 66.67 |
Cellecor Gadgets Limited | 1 | 1,291.81 | 1.80 | 15.89 | 19.35 |
Strengths and Opportunities of Wiscon Industries IPO
Diversified Product Portfolio: Offers LED TVs, air coolers, washing machines and air conditioners under the Wiscon brand, along with electric scooters under a third-party brand.
Customer Relationships: Serves B2B distributors and B2C consumers, with recurring orders supported by its focus on affordability, product quality and timely delivery.
After-Sales Service and Management: Provides installation, maintenance and warranty support through third-party service providers, backed by an experienced management team.
Growing Consumer Durables Market: Rising disposable incomes, urbanisation and increasing demand in smaller cities and rural markets create opportunities for expansion.
Smart TV Demand: Growing internet penetration and the shift towards organised market players provide scope to expand its presence in the television segment.
Backward Integration and Expansion: Expanding into new markets and developing in-house PCB assembly capabilities through its subsidiary could improve supply chain control and operational efficiency.
Risks and Threats of Wiscon Industries IPO
Supplier Concentration: Over 99% of stock-in-trade purchases come from the top 10 suppliers, without long-term supply agreements, exposing the company to supply disruptions and price fluctuations.
Customer Concentration: More than 60% of revenue comes from the top 10 customers, while reliance on periodic purchase orders creates risks from order cancellations or reduced volumes.
Product Concentration: LED TVs and electric scooters contribute over 92% of operating revenue, increasing exposure to changes in demand, competition and regulations affecting these segments.
Geographical Concentration: Delhi and Uttar Pradesh account for over 74% of revenue and more than 95% of domestic purchases, increasing exposure to regional disruptions.
Technological Obsolescence: Rapid technological changes, short product lifecycles and evolving consumer preferences may require frequent product updates.
Pricing and Compliance Risks: Competition from e-commerce platforms and discounting by brands may pressure margins. Changes in quality standards and reliance on third-party manufacturers for BIS registrations also pose compliance risks.
Wiscon Industries IPO Reservation
Investor Category | Shares | % of Total Issue |
QIB | 24,51,600 | 45.47% |
Anchor Investor | 12,25,800 | 22.73% |
QIB (Excluding Anchor) | 12,25,800 | 22.73% |
NII (HNI) | 7,72,200 | 14.32% |
bNII (Above ₹10 lakh) | 5,14,800 | 9.55% |
sNII (Below ₹10 lakh) | 2,57,400 | 4.77% |
Retail | 17,78,400 | 32.98% |
Market Maker | 3,90,000 | 7.23% |
Total | 53,92,200 | 100% |
Wiscon Industries IPO Promoter Holding
The promoter of the company is Sidhant Dalmia
Share Holding Pre-Issue | 94.18% |
Share Holding Post Issue | 68.46% |
Wiscon Industries IPO Prospectus
Wiscon Industries IPO Registrar and Lead Managers
Wiscon Industries IPO Lead Managers
Smart Horizon Capital Advisors Private Limited
Registrar for Wiscon Industries IPO
Maashitla Securities Private Limited
Contact Number: 011-45121795
Email Address: investor.ipo@maashitla.com
Wiscon Industries IPO Registrar
How To Apply for Wiscon Industries IPO Online?
Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Wiscon Industries IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the Wiscon Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Wiscon Industries IPO
Registered Office: C 64, DDA Shed Okhla Ind Area PH 1 South Delhi, New Delhi, 110020
Phone: +91 93158 48377
E-mail: investor.relations@wiscon.in
- How to Apply in IPO
- How to Check IPO Allotment Status
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Wiscon Industries IPO FAQs
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of 2 lots, comprising 1,200 equity shares. At the upper price band of ₹204 per share, the minimum investment amount is ₹2,44,800.
When will the Wiscon Industries IPO be allotted?
The basis of allotment for the Wiscon Industries IPO is expected to be finalised on October 30, 2026.
How to increase your chances of getting a Wiscon Industries IPO allotment?
1. Multiple Submissions: Use different Demat accounts to make multiple applications.
2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
How do I approve the UPI mandate request for the Wiscon Industries IPO?
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
Can I submit more than one application for the public issue of Wiscon Industries Limited using one PAN?
You can submit only one application using your PAN card.
What is 'pre-apply' for Wiscon Industries Limited IPO?
Pre-apply allows investors to apply for the Wiscon Industries IPO two days before the subscription period opens, ensuring an early submission of your application.
If I pre-apply for the Wiscon Industries Limited IPO, when will my order get placed?
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
When will I know if my Wiscon Industries Limited IPO order is placed?
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Where is the Wiscon Industries Ltd IPO getting listed?
The Wiscon Industries IPO is proposed to be listed on the BSE SME Platform, with the tentative listing date scheduled for November 3, 2026.
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