Wiscon Industries IPO
Last GMP before listing: ₹0 (+0.0%). GMP is unofficial and may differ from the actual listing result.
Updated 04 Nov 2026. Information only, not a recommendation.
About Wiscon Industries
Wiscon Industries is a New Delhi company that sells consumer electronics under the Wiscon brand, including LED televisions, air coolers, washing machines and air conditioners, along with electric scooters under a third-party brand. It sells mainly to business customers through an offline network and to consumers through its website. It was incorporated as a public limited company in September 2022 and in May 2025 acquired Dalmia Technologies Limited, which makes LED TVs and now operates as its wholly owned subsidiary.
| Headquarters | New Delhi, Delhi |
| Founded | 2022 |
| Key person | Sidhant Dalmia, Promoter and Managing Director |
| Website | https://wiscon.in |
Wiscon Industries financials
All figures in ₹ Cr. Revenue from operations. FY24 and FY25 are standalone; FY26 is consolidated and includes Dalmia Technologies (acquired May 2025), so the FY26 jump is not like-for-like. FY26 standalone revenue was 73.39 Cr. PAT FY26 is 20.41 on Dhan and IPO Watch, 20.40 on Kotak Neo. FY24 PAT is a loss per Kotak Neo and consistent with IPO Watch (expenses above income). Assets are total equity and liabilities. FY ends 31 March. Not checked against the RHP PDF directly.
| Year | Revenue | Profit after tax | Total assets |
|---|---|---|---|
| FY24 | 3.21 | -1.36 | 1.27 |
| FY25 | 14.49 | 1.25 | 9.51 |
| FY26 | 196.87 | 20.41 | 90.75 |
Key performance indicators
FY26 consolidated basis. EBITDA margin 14.27% from IPO Watch and Dhan; EPS 13.56 and NAV 19.53 from IPO Watch and Kotak Neo; PAT margin computed as 20.41 / 196.87. Return on net worth is 66.67% on both IPO Watch and Kotak Neo.
| Indicator | Value |
|---|---|
| EBITDA margin % | 14.27 |
| PAT margin % | 10.37 |
| EPS pre-IPO ₹ | 13.56 |
| NAV per share ₹ | 19.53 |
Objects of the Wiscon Industries IPO
| Purpose | Estimated amount |
|---|---|
| Investment in subsidiary Dalmia Technologies for capex on plant and machinery | ₹15.04 Cr |
| Investment in subsidiary Dalmia Technologies for incremental working capital | ₹35.00 Cr |
| Working capital requirements of the company | ₹17.00 Cr |
| Marketing and promotional activities | ₹5.23 Cr |
| General corporate purposes | To be decided |
Strengths and risks
Points drawn from the offer document and news reports. They are facts to read, not advice.
Strengths
- Sells a range of consumer electronics (LED TVs, air coolers, washing machines, air conditioners) under its own Wiscon brand.
- Consolidated revenue from operations reached about ₹196.9 Cr in FY26 with PAT of about ₹20.4 Cr, helped by the Dalmia Technologies acquisition.
- Owns a LED TV manufacturing subsidiary, and part of the issue will fund new plant and machinery there.
- Uses an offline business customer network plus its own website for consumers.
- Promoter and MD Sidhant Dalmia has about seven years of industry experience.
Risks
- Revenue is concentrated in LED TVs and electric scooters, and a large share comes from a few top customers.
- Heavy reliance on a small group of suppliers.
- Growth is recent and partly acquisition-driven: FY24 and FY25 figures are standalone and tiny, so the FY26 jump is not like-for-like.
- Past and possible future related-party transactions.
Lead managers and registrar
| Lead manager(s) | Smart Horizon Capital Advisors Private Limited |
| Registrar | Maashitla Securities Private Limited |
| Face value | ₹10 per share |
Wiscon Industries IPO: frequently asked questions
What is the issue size of the Wiscon Industries IPO?
The Wiscon Industries IPO is a fresh ₹88.01 cr + ofs ₹22.00 cr of ₹110.00 Cr.
What are the open and close dates of the Wiscon Industries IPO?
Bidding opens on 27 Oct 2026 and closes on 29 Oct 2026.
What is the price band of the Wiscon Industries IPO?
The price band is ₹194 – ₹204 per share.
What is the lot size and minimum investment in the Wiscon Industries IPO?
One lot is 600 shares. Individual investors in an SME IPO must apply for at least 2 lots, so the minimum application is ₹2,44,800 (2 lots, 1,200 shares).
When is the Wiscon Industries IPO allotment date?
Allotment is expected on 30 Oct 2026. You can check it on the registrar’s website (Maashitla Securities Pvt. Ltd.) or through your broker.
Where will the Wiscon Industries IPO list?
The shares are proposed to list on BSE SME, with a listing date of 03 Nov 2026.
What is the GMP of the Wiscon Industries IPO?
GMP is an unofficial grey market quote that changes every day. See the latest value, with the date, in the GMP section at the top of this page. It does not guarantee the listing price.
Sources: groww.in, ipowatch.in, dhan.co, www.kotakneo.com, www.kotakneo.com, www.investorgain.com, wiscon.in.
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