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Wiscon Industries

Book Building issueSMEBSE₹110 Cr issue
0.00%
Listing gain over issue price
Price band
₹194 – ₹204
Issue size
₹110 Cr
1 lot at cut-off
₹1,22,400
Lot size
600shares
Open
27 Oct 2026
Close
29 Oct 2026
Allotment
30 Oct 2026
Listing
03 Nov 2026

Listing performance

Issue price
₹204
Listed at
₹204
Listing-day close
—
Latest price
₹203.85
Close on 04 Nov 2026
Listing gain
0.00%
Return since issue
-0.07%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    27 Oct 2026
  2. Close
    29 Oct 2026
  3. Allotment
    30 Oct 2026
  4. Refund
    02 Nov 2026
  5. Demat credit
    02 Nov 2026
  6. Listing
    03 Nov 2026

Subscription

1.17×
Overall
Qualified institutionalQIB
2.20×
Big non-institutionalbNII · above ₹10 lakh
0.68×
Small non-institutionalsNII · ₹2–10 lakh
0.51×
Retail individualRII · up to ₹2 lakh
0.70×

Bids received

The demand behind each multiple — what was offered, what was bid for, and what those bids are worth

CategoryShares offeredShares bid forBids (₹ Cr)Times
Non-institutional7,72,2004,81,200₹9.82 Cr0.62×
Big non-institutionalwithin NII5,14,8003,49,800₹7.14 Cr0.68×
Small non-institutionalwithin NII2,57,4001,31,400₹2.68 Cr0.51×
Total37,76,40044,07,600₹89.92 Cr1.17×

Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 29 Oct, 05:10 pm IST; the registrar publishes the final basis of allotment.

Issue details

IPO date
27 Oct 2026 – 29 Oct 2026
Listing date
03 Nov 2026
Face value
₹10 per share
Price band
₹194 – ₹204
Issue price
₹204 per share
Lot size
600 shares
Sale type
Fresh capital cum OFS
Issue type
Book Building issue
Listing at
BSE
Total issue size
₹110 Cr
Fresh issue
₹80.05 Cr 39,24,000 shares
Offer for sale
₹22 Cr 10,78,200 shares
Market cap at offer price
₹408 Cr
Promoter holding
94.18% → 68.46% pre-issue → post-issue
ISIN
INE0NZ501012
CIN
U46522DL2022PLC404671
Registrar
Maashitla Securities Pvt.Ltd.
Lead managers
Smart Horizon Capital Advisors Pvt.Ltd.
Registered office
C 64, DDA Shed, Okhla Ind Area PH 1, South Delhi, New Delhi, Delhi, 110020, India

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
QIB 12,25,80032.46%29.42%
Anchor investor · within QIB12,25,800—29.42%
NII (HNI) 7,72,20020.45%18.53%
bNII > ₹10L · within NII5,14,800—12.36%
sNII < ₹10L · within NII2,57,400—6.18%
Retail (RII) 17,78,40047.09%42.68%
Employee 0—0.00%
Market maker 3,90,000—9.36%
Total issue41,66,400—100.00%

Net offer to the public of 37,76,400 shares, out of a total issue of 41,66,400. Indented rows sit inside the category above them and are not added to it.

Application size

Minimum 600 shares per lot, in multiples, at ₹204

ApplicationLotsSharesAmount
Retail (min)1600₹1,22,400
S-HNI (min)21,200₹2,44,800
S-HNI (max)84,800₹9,79,200
B-HNI (min)95,400₹11,01,600

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
12,25,800
29.42% of the total issue
Anchor portion
₹25.01 Cr
at ₹204 per share
Share of QIB portion
100.00%
of 12,25,800 QIB shares

Valuation and performance

Valuation at offer price

₹204 per share
MetricPre-issuePost-issue
EPS (₹)13.0215.78
P/E (×)15.6712.93
Price to book (×)10.45—
Market cap—₹408 Cr

Key performance indicators

Latest reported period, consolidated
Return on net worth
66.67%
ROCE
51.82%
Debt / equity
0.83
PAT margin
10.36%
EBITDA margin
14.27%
NAV per share
₹19.53
Price to book
10.45

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Company financials

Consolidated ·₹ crore unless a row shows % or ×, as reported in the offer document
Total income
₹197 Cr
FY26
Profit after tax
₹20.41 Cr
10.35% margin
Total assets
₹90.75 Cr
FY26
Net worth
₹30.61 Cr
66.68% ROE
Period endedFY26FY25
Profit and loss
Total income197.1314.51
Revenue from operations196.8714.49
Other income0.260.02
Total expenses169.7212.82
Operating profit27.411.69
Operating margin13.90%11.65%
Profit before tax27.411.7
Profit after tax20.411.25
PAT margin10.35%8.61%
Balance sheet
Total assets90.759.51
Current assets79.055.14
Current liabilities49.864.85
Total liabilities60.145.34
Net worth30.614.17
Current ratio1.59×1.06×
Return on equity66.68%29.98%
Cash flow
Operating cash flow-20.010.64
Investing cash flow-10.21-3.49
Financing cash flow30.23.03
Net cash flow-0.020.18

Objects of the issue

Stated use of the net proceeds— open a row for the issuer's full explanation
₹72.27 Cr quantified
  1. 1 Investment in WOS (Dalmia Technologies Limited) for Capital Expenditure – Purchase of Plant and Machinery ₹15.04 Cr

    The company intends to invest in its Wholly Owned Subsidiary, Dalmia Technologies Limited, to finance capital expenditure towards the purchase of Plant and Machinery, specifically two sets of SMT Production Lines for PCB manufacturing, aimed at strengthening backward integration and reducing dependence on third-party suppliers.

  2. 2 Investment in WOS (Dalmia Technologies Limited) for Incremental Working Capital Requirements ₹35 Cr

    The company proposes to invest in its Wholly Owned Subsidiary, Dalmia Technologies Limited, to fund its incremental working capital requirements across fiscal years, supporting procurement of raw materials, inventory management, and execution of higher business volumes.

  3. 3 To Meet Working Capital Requirements of the Company ₹17 Cr

    The company intends to utilize a portion of the Net Proceeds to meet its own incremental working capital requirements, supporting geographical expansion, inventory build-up, and extended credit terms to new and existing customers across multiple states.

  4. 4 To Fund Marketing and Promotional Activities ₹5.23 Cr

    The company plans to invest in direct marketing and promotional initiatives including celebrity endorsements, TV media, OTT, digital marketing, dealer meets, and BTL activations to enhance brand visibility, generate consumer demand, and support business growth under the 'Wiscon' brand.

  5. 5 General Corporate Purposes —

    The company proposes to deploy the balance Net Proceeds towards general corporate purposes including meeting operating expenses, initial development costs, strengthening business development and marketing capabilities, and meeting unforeseen exigencies, subject to applicable regulatory limits.

1 of 5 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.

About Wiscon Industries

Wiscon Industries Limited was incorporated on September 16, 2022 as a public limited company under the Companies Act, 2013, with its registered office in South Delhi. Its objects clause was changed in May 2026. The company is principally engaged in the trading and distribution of consumer electronics, including LED TVs, air coolers, washing machines and air conditioners, marketed under its flagship brand 'Wiscon' to both B2B and B2C customers within India. It also sells electric scooters under a third-party brand. Its wholly owned subsidiary, Dalmia Technologies Limited, was incorporated on January 10, 2023 as an OEM manufacturer of LED TVs, supplies the company, and became a wholly owned subsidiary on May 25, 2025. The company earns revenue mainly from the sale of goods, with smaller income from advertisement and marketing services and after-sales services. Standalone revenue from operations was Rs 7,339.16 lakhs for the year ended March 31, 2026, and 100% of revenue came from the domestic market. Sales are governed by purchase orders rather than long-term contracts, and the top ten customers contributed 67.75% of standalone revenue from operations in FY 2026.

https://wiscon.in/ ↗

Management

  • Mr. Sidhant Dalmia

    MD

  • Mr. Mukesh Kumar

    Director

  • Mr. Prempal Singh

    Director

  • Ms. Aarti

    Director

  • Ms. Chetna

    Director

  • Mr. Rahul Saini

    Director

  • Ms. Priti Goyal

    CFO

  • Ms. Surbhi Arora

    COO

  • Mr. Dinanshu Bhasin

    VP of Marketing

  • Mr. Nikhil Gupta

    VP of Sales

  • Ms. Komal Prahlad Kaushik

    Director of HR

Strengths

As stated in the offer document

  • Wide Range of Imperative Consumer Electronic Products

    The company supplies a comprehensive range of consumer electronic products including LED TVs, Air Coolers, Washing Machines, Air Conditioners, and Electric Scooters under its flagship brand 'Wiscon', with standalone revenue from operations growing at a CAGR of 377.82% from ₹321.45 Lakhs (FY2024) to ₹7,339.16 Lakhs (FY2026).

  • Value Proposition for Customers

    The company operates through both B2B (offline network) and B2C (website) platforms with a customer-centric approach focused on affordability, quality, and convenience; top 10 customers contributed 67.75% of total revenue from operations in FY2026 (Standalone), reflecting strong and recurring customer relationships.

  • Established After-Sales Service Network

    The company provides after-sales services including installation and repair through a network of third-party service providers, offering warranty-covered services free of charge and chargeable services post-warranty, thereby enhancing customer satisfaction and driving repeat business.

  • Experienced Promoter and Management Team with Proven Execution Capabilities and Skilled Workforce

    The company is led by its Promoter and Managing Director, Mr. Sidhant Dalmia, with 7 years of industry experience, supported by skilled Key Managerial Personnel and Senior Management Personnel who oversee strategic planning, business development, and a dedicated PAN India sales team.

Risk factors

As stated in the offer document

  • High Supplier Concentration Risk

    The company's top 10 suppliers account for 99.77%, 99.33%, 99.82%, and 99.97% of total purchases for the period ended June 30, 2026 and fiscals 2026, 2025, and 2024 respectively (Standalone). The company does not have long-term or exclusive supply agreements, making it highly vulnerable to supply disruptions, price increases, or supplier discontinuation.

  • High Customer Concentration Risk

    The top 10 customers contributed 63.36%, 67.75%, 67.34%, and 47.50% of revenue from operations for the period ended June 30, 2026 and fiscals 2026, 2025, and 2024 respectively (Standalone). The absence of long-term contracts exposes the company to significant revenue risk if any major customer reduces orders or discontinues the relationship.

  • Product Revenue Concentration in LED TVs and Electric Scooters

    LED TVs and Electric Scooters together contributed 92.66%, 94.75%, 94.26%, and 75.45% of revenue from operations for the period ended June 30, 2026 and fiscals 2026, 2025, and 2024 respectively (Standalone). Any reduction in demand for these two product categories could have a severe adverse effect on the company's business and financial performance.

  • Historical Losses and Risk of Future Losses

    The company incurred a net loss of ₹135.75 Lakhs in Fiscal 2024, with a negative net worth of ₹33.77 Lakhs for that year (Standalone). While profits have been reported in subsequent periods, there is no assurance that losses will not recur, which could adversely affect the company's financial condition, cash flows, and reputation.

  • Negative Cash Flows from Operating and Investing Activities

    The company reported net cash used in operating activities of ₹988.97 Lakhs (June 30, 2026, Consolidated) and ₹2,000.99 Lakhs (FY 2026, Consolidated), alongside negative investing cash flows across multiple periods. Sustained negative cash flows could impair the company's ability to fund growth, service debt, and maintain operations.

  • BIS Non-Compliance Risk for Procured Products

    The company has previously procured and sold products under its 'Wiscon' brand from vendors who did not hold the required Bureau of Indian Standards (BIS) registration or brand inclusion, with BIS non-compliant vendor purchases amounting to 30.36% and 35.06% of total purchases in the period ended June 30, 2026 and FY 2026 respectively. This exposes the company to regulatory actions including seizure of goods, penalties, and reputational harm.

  • Geographical Revenue and Procurement Concentration

    Delhi, Uttar Pradesh, and Haryana collectively contributed 74.25%, 83.76%, 77.42%, and 55.21% of revenue from operations for the period ended June 30, 2026 and fiscals 2026, 2025, and 2024 respectively (Standalone), while Delhi and Uttar Pradesh accounted for 95.54%–99.82% of total purchases. Any adverse economic, regulatory, or operational developments in these regions could significantly impact the company's revenues and procurement capabilities.

  • Regulatory Non-Compliance: Delayed Statutory Filings

    The company has a history of significant delays in filing statutory forms with the Registrar of Companies (including MGT-14, AOC-4, DPT-3, PAS-6, and MR-1), with delays ranging from a few days to over 1,300 days, primarily attributed to professional negligence and technical issues. While late fees have been paid, future regulatory penalties or actions cannot be ruled out and could adversely impact the company's financial position.

  • Working Capital Intensity and Financing Risk

    The company and its wholly owned subsidiary (Dalmia Technologies Limited) have highly working capital-intensive operations, with the consolidated working capital gap projected to grow significantly to ₹5,917.19 Lakhs (FY 2026-27) and ₹9,627.25 Lakhs (FY 2027-28) for the WOS alone. Any inability to secure adequate financing or manage receivables and inventory efficiently could materially disrupt operations and growth plans.

  • Trademark Ownership and Intellectual Property Risk

    The 'Wiscon' brand trademarks were originally registered under the name of the Promoter and Managing Director, Mr. Sidhant Dalmia, and assigned to the company via a deed dated November 08, 2025 for a consideration of ₹0.80 Lakhs; however, public records have not yet been updated to reflect the company as proprietor. Any dispute over trademark ownership, failure to enforce rights, or inability to maintain the assignment could severely damage the company's brand identity, customer relationships, and competitive position.

Company Analysis

from RHP

Wiscon Industries Limited is a Delhi-based company that trades and distributes consumer electronics, including LED TVs, air coolers, washing machines and air conditioners, and sells electric scooters under a third-party brand.

Wiscon Industries Limited was incorporated on September 16, 2022 as a public limited company under the Companies Act, 2013, with its registered office in South Delhi. Its objects clause was changed in May 2026. The company is principally engaged in the trading and distribution of consumer electronics, including LED TVs, air coolers, washing machines and air conditioners, marketed under its flagship brand 'Wiscon' to both B2B and B2C customers within India. It also sells electric scooters under a third-party brand. Its wholly owned subsidiary, Dalmia Technologies Limited, was incorporated on January 10, 2023 as an OEM manufacturer of LED TVs, supplies the company, and became a wholly owned subsidiary on May 25, 2025. The company earns revenue mainly from the sale of goods, with smaller income from advertisement and marketing services and after-sales services. Standalone revenue from operations was Rs 7,339.16 lakhs for the year ended March 31, 2026, and 100% of revenue came from the domestic market. Sales are governed by purchase orders rather than long-term contracts, and the top ten customers contributed 67.75% of standalone revenue from operations in FY 2026.

consumer electronicsLED televisionsair conditionersair coolerswashing machineselectric scooters

Objects of the Issue

  • Investment in WOS Dalmia Technologies Limited for financing capital expenditure towards purchase of Plant and Machinery
    ₹1,503.88 Lakhs (total estimated cost as per quotations) p.68
  • Investment in WOS Dalmia Technologies Limited for funding its incremental working capital requirements
    p.75
  • To meet working capital requirements of the Company
    p.75
  • Funding marketing and promotional activities in the Company
    ₹522.50 Lakhs p.68
  • General corporate purposes
    p.76
  • Investment in wholly owned subsidiary Dalmia Technologies Limited for financing capital expenditure towards purchase of Plant and Machinery
    ₹ 1,503.88 Lakhs p.126
  • Investment in wholly owned subsidiary Dalmia Technologies Limited for funding its incremental working capital requirements
    ₹ 3,500.00 Lakhs p.126
  • Working capital requirements of the company
    ₹ 1,700.00 Lakhs p.126
  • Marketing and promotional activities in the company
    ₹ 522.50 Lakhs p.126
  • General corporate purposes
    ₹ [●] Lakhs p.147
  • Strategic marketing and brand-building initiatives to strengthen brand recognition and expand market presence
    ₹ 522.50 Lakhs p.225

Issue Structure

Total Issue
Up to 53,92,200 Equity Shares aggregating up to [●] Lakhs
Fresh Issue
Up to 43,14,000 Equity Shares aggregating up to [●] Lakhs
Offer for Sale
Up to 10,78,200 Equity Shares aggregating up to [●] Lakhs
Face Value
₹10/- each

Business Model

Trading and distribution of consumer electronics under the Wiscon brand to B2B and B2C customers, sold mainly on purchase-order basis, with revenue from sale of goods and from advertisement, marketing and after-sales services.

Business Segments

Trading and distribution of LED TVs under the Wiscon brand to B2B and B2C customers. Dalmia Technologies Limited, the wholly owned subsidiary, manufactures LED TVs as an OEM for the company and other traders.
Sale of electric scooters under a third-party brand name.
Trading and distribution of air coolers under the Wiscon brand.
Trading and distribution of washing machines under the Wiscon brand.
Trading and distribution of air conditioners under the Wiscon brand.
Income from advertisement and marketing services and after-sales services.
Markets and sells LED TVs, Air Coolers, Washing Machines and Air Conditioners under the WISCON brand to B2B and B2C customers in India, using products sourced from third-party manufacturers and OEMs.
Sells electric scooters in the name of a third-party brand.
Dalmia Technologies Limited, a wholly owned subsidiary, is engaged in manufacturing LED TVs, and holds BIS registrations for the WISCON brand.
LED TVs marketed under the Wiscon brand, manufactured through the wholly owned subsidiary Dalmia Technologies Limited.
Consumer electronic products marketed under the Wiscon brand to B2B and B2C customers within India.
Sale of electric scooters under a third-party brand.
Sells Wiscon-branded smart LED TVs ranging from 32 to 65 inches, on Android and WebOS platforms, through B2B and B2C channels. Largest product line in FY2026 by revenue.
Sells electric scooters in the name of a third-party brand, with a 105 km range and 60V lithium battery.
Sells air coolers in 40L, 60L, 80L, 100L and 150L water capacities.
Sells top load (7KG) and semi-automatic (7KG, 9KG and 12KG) washing machines.
Sells 1 ton and 1.5 ton split air conditioners with inverter technology.
Sells spare parts for the company's products.
Income from advertisement and marketing services and from rendering after-sales services.
Wiscon-branded LED TVs sold to B2B and B2C customers in India. The Wholly Owned Subsidiary Dalmia Technologies Limited manufactures these units.
Consumer electronic product sold under the Wiscon brand to B2B and B2C customers within India.
Consumer electronic product sold under the Wiscon brand to B2B and B2C customers within India.
Consumer electronic product sold under the Wiscon brand to B2B and B2C customers within India.
Electric scooters sold by the company under a third-party brand. The scooters are packaged by the suppliers.
Manufacturing and sale of consumer electronics, including televisions, washing machines, air conditioners and other electronic appliances.
Sale of LED TVs under the Wiscon brand
Sale of electric scooters, sold under a third-party brand
Sale of air coolers
Sale of washing machines
Sale of air conditioners
Sale of spare parts
Income from advertisement and marketing services and rendering of after-sales services

SWOT Analysis

Strengths
  • • Vertical control over LED TV manufacturing after acquiring DTL(p.47)
  • • Sales grew despite changes in customer mix(p.35)
  • • Management cites geographical advantages in sourcing for timely delivery(p.41)
  • • Quality and energy-efficiency certifications held(p.57)
  • • Strategically located warehouse facilities(p.73)
  • • Profitability returned after FY2024 loss(p.54)
  • • Order book of ₹1,770.15 Lakhs as on September 30, 2026(p.64)
  • • Wide range of consumer electronic products(p.150)
  • • Value proposition for customers(p.150)
  • • Established after-sales service network(p.150)
  • • Experienced promoter and management team(p.150)
  • • Flagship brand serving B2B and B2C customers(p.127)
  • • ISO 9001:2015 and BEE accreditation(p.226)
  • • Warehouse-based distribution model(p.226)
  • • Technology-first operating approach(p.226)
  • • In-house quality testing at procurement(p.229)
  • • Stable workforce with no labour stoppages(p.230)
  • • Brand recognition from industry award(p.245)
  • • Consolidated revenue from operations of INR 19,687.46 lakh in FY 2025-26, up from INR 1,449.27 lakh (standalone) in FY 2024-25(p.283)
  • • Profit after tax of INR 2,040.51 lakh in FY 2025-26 on a restated consolidated basis(p.283)
  • • Net worth turned positive, from INR (33.77) lakh at March 31, 2024 to INR 3,849.22 lakh at June 30, 2026(p.282)
  • • Wholly owned subsidiary Dalmia Technologies Limited, held 100% by the Company(p.285)
  • • Flagship consumer electronics brand serving B2B and B2C customers in India(p.358)
  • • Promoter has about 7 years of industry experience and manages core business affairs(p.358)
  • • Dual sales network across offline B2B customers and a B2C website(p.358)
  • • Restated financials carry no audit qualifications requiring adjustment(p.381)
  • • Debt-to-equity ratio within the 3:1 limit(p.403)
  • • Business operates through the year without material seasonality(p.383)
  • • Holds ISO 9001:2015 quality management certification(p.393)
Weaknesses
  • • Dependence on top 10 suppliers for nearly all purchases, with no exclusive supply agreements(p.30)
  • • Customer concentration and no long-term customer contracts(p.34)
  • • 100% domestic revenue, concentrated in Delhi, Uttar Pradesh and Haryana(p.38)
  • • Procurement concentrated in Delhi and Uttar Pradesh(p.41)
  • • Revenue concentrated in LED TVs and Electric Scooters(p.43)
  • • Ongoing related party transactions that may affect competitive edge(p.46)
  • • Outstanding litigation involving the company, promoter, directors, group companies and subsidiary(p.48)
  • • Past delays in corporate filings with the RoC(p.49)
  • • Past discrepancies and delays in GST, TDS and statutory dues(p.52)
  • • History of losses; FY2024 was first operating year(p.54)
  • • Negative operating cash flow in FY2026(p.57)
  • • Full dependence on third-party manufacturers and OEMs(p.61)
  • • Single-region concentration in Delhi(p.56)
  • • Working capital intensive business with receivables blocked(p.66)
  • • Key-person dependence on promoter and no key man insurance(p.72)
  • • Trademarks still registered in promoter's name(p.69)
  • • Unsecured promoter loans repayable on demand(p.71)
  • • Revenue concentrated in Delhi and Uttar Pradesh(p.138)
  • • Reliance on unsecured loans from the Chairman and MD(p.97)
  • • Working capital funded by director loans and borrowings(p.143)
  • • Elevated trade receivable days(p.142)
  • • Low capacity utilisation at Vishwakarma plant in FY 2024-25(p.128)
  • • Net loss in FY 2024 (standalone)(p.152)
  • • Key managerial personnel turnover(p.96)
  • • High promoter shareholding concentration(p.118)
  • • Reliance on a small number of suppliers(p.214)
  • • No long-term supply contracts(p.214)
  • • High concentration in top supplier(p.218)
  • • High employee attrition(p.230)
  • • Heavy dependence on IT systems(p.226)
  • • Trademarks not yet updated to company name(p.234)
  • • Reliance on an unsecured loan from promoter-director Sidhant Dalmia of INR 1,001.84 lakh(p.292)
  • • Secured cash credit borrowings rose to INR 2,395.53 lakh, backed by a personal guarantee from the promoter-director(p.297)
  • • Negative operating cash flow of INR (988.97) lakh in the June 2026 period and INR (2,000.99) lakh in FY 2025-26(p.284)
  • • Trade receivables increased to INR 7,361.60 lakh from INR 4,758.80 lakh in the prior year-end(p.282)
  • • Restatement reduced net worth as per audited accounts, with the March 31, 2025 figure moving from INR 610.99 lakh to INR 416.52 lakh(p.309)
  • • Pre-operative and software CWIP expenses charged off on restatement, resulting in adjustments to earlier periods(p.311)
  • • Repair expenses of INR 652.61 lakh recorded in FY 2025-26(p.296)
  • • Advances to suppliers for goods of INR 1,533.25 lakh as at June 30, 2026(p.294)
  • • No dividend declared or paid in the period or the last three financial years(p.274)
  • • Promoter has disassociated from several entities in the last three years(p.269)
  • • Core trademarks still registered in promoter's name in public records(p.396)
  • • Ongoing related party dealings with promoter, directors and relatives(p.381)
  • • Customer credit exposure may lead to provisions or write-offs(p.382)
  • • Outstanding TDS and late-fee demand against the Company on TRACES(p.385)
  • • Outstanding TDS demand against wholly owned subsidiary on TRACES(p.387)
  • • Promoter's income tax scrutiny assessment pending(p.386)
Opportunities
  • • Growth from deeper engagement with new and existing customers(p.46)
  • • Planned investment in DTL to expand LED TV manufacturing capacity(p.47)
  • • Improve WOS capacity utilisation by expanding customers and markets(p.61)
  • • Synergy from WOS financing and consolidation of DTL(p.65)
  • • Planned marketing investment for growth(p.68)
  • • Growth strategy across products and geographies(p.80)
  • • Backward integration to boost sales and supply chain(p.127)
  • • In-house PCB production to cut third-party dependence(p.128)
  • • Geographic expansion into additional states(p.138)
  • • Focus on expanding customer base and other products(p.139)
  • • Marketing spend to expand sales reach(p.144)
  • • Brand and marketing investment from offer proceeds(p.225)
  • • Social media reach to widen audience(p.225)
  • • Government incentive for domestic manufacturing(p.236)
Threats
  • • Competition from national and local players in new markets(p.41)
  • • Input cost increases that may not be passed on to customers(p.33)
  • • Customer-side market factors that could reduce demand for products(p.46)
  • • Customer industry performance affecting volumes and pricing(p.35)
  • • Changes in Indian law or adverse appellate rulings could raise provisions(p.49)
  • • Evolving regulatory and policy environment(p.81)
  • • Uncertain impact of new labour codes and criminal law changes(p.81)
  • • BIS and MeitY enforcement on non-compliant products(p.63)
  • • Volatile product supply and pricing(p.72)
  • • Rising interest rate exposure on variable-rate loans(p.71)
  • • Intense, fragmented competition(p.76)
  • • Natural calamities affecting operations(p.85)
  • • Geopolitical tensions and energy and logistics costs(p.86)
  • • SEBI investigation involving the market maker(p.106)
  • • Market maker may terminate arrangement on notice(p.107)
  • • Possible escalation in equipment costs(p.132)
  • • Exchange rate fluctuation adds to equipment cost(p.132)
  • • Highly competitive and fragmented industry(p.226)
  • • Pricing pressure from unorganized players(p.226)
  • • BIS compliance and product recall exposure(p.236)
  • • Quality standards may cost orders(p.229)
  • • Pending labour code implementation(p.242)
  • • Borrowing cost linked to prevailing Repo Rate plus spread, exposing interest costs to rate movements(p.297)
  • • CSR provisions under Section 135 of the Companies Act, 2013 become applicable from April 1, 2026(p.306)
  • • Exposure to interest rate changes affecting debt service and funding access(p.382)
  • • Inflation raises salary and wage costs(p.382)
  • • Changes in Indian regulation and economic growth can affect income(p.382)

Promoters

NameRolePre-IssuePost-Issue
Mr. Sidhant DalmiaPromoter——
Sidhant DalmiaPromoter, Chairman and Managing Director—68.46 %
Mr. Sidhant DalmiaPromoter94.18%—
Sidhant DalmiaPromoter——
Mr. Sidhant DalmiaPromoter94.18%—
Sidhant DalmiaPromoter94.18% (as at June 30, 2026)—
Sidhant DalmiaPromoter94.18%—
Mr. Sidhant DalmiaPromoter——

Leadership

Mr. Sidhant Dalmia · Chairman/MD
Ms. Priti Goyal · CFO

Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.

Peer comparison

The comparable listed companies named in the offer document, as on 31 Mar 2026
CompanyEPSNAVP/EP/BVRoNW
Wiscon Industries Ltd. THIS ISSUE
13.5619.5312.93, computed at the offer price10.45, computed at the offer price66.67%
1.809.2715.893.8919.35%

Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.

Wiscon Industries IPO FAQs

What is the price band of Wiscon Industries IPO?
The price band of Wiscon Industries IPO is ₹194 – ₹204 per share.
What is the lot size of Wiscon Industries IPO?
The minimum lot size of Wiscon Industries IPO is 600 shares. One lot costs ₹1,22,400 at the cut-off price.
When does Wiscon Industries IPO open and close?
Wiscon Industries IPO opened for subscription on 27 Oct 2026 and closed on 29 Oct 2026.
What is the listing date of Wiscon Industries IPO?
Wiscon Industries IPO listed on 03 Nov 2026.
What is the subscription status of Wiscon Industries IPO?
Wiscon Industries IPO has been subscribed 1.17x overall, with retail 0.70x and QIB 2.20x.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.