BSE SME Wiscon Industries' market debut hits a speed bump
The counter hit a high of Rs 204.20 and a low of Rs 194. About 12.15 lakh shares changed hands on the BSE.
Wiscon Industries' IPO was subscribed 1.15 times. The IPO opened for subscription on 27 October 2026 and closed on 29 October 2026. The price band was Rs 194-204 per share.
The IPO comprised a fresh issue of 43.14 lakh equity shares aggregating to approximately Rs 88 crore and an offer for sale (OFS) of 10.78 lakh shares worth Rs 22 crore by promoter Sidhant Dalmia. The total issue size stood at approximately Rs 110 crore.
The company raised Rs 25.01 crore from anchor investors on 26 October 2026 through the allocation of 12.26 lakh equity shares.
The promoter and promoter group shareholding declined to 68.46% after the IPO from 94.18% before the issue.
Wiscon Industries plans to utilise Rs 15.04 crore of the IPO proceeds to invest in its wholly owned subsidiary, Dalmia Technologies, for purchasing plant and machinery. A further Rs 35 crore will be invested in the subsidiary to meet its incremental working capital requirements. The company intends to allocate Rs 17 crore towards its own working capital requirements and Rs 5.23 crore for marketing and promotional activities. The remaining proceeds will be used for general corporate purposes and issue expenses.
Incorporated in September 2022, Wiscon Industries is a Delhi-based company engaged in trading and supplying consumer electronic products across India. Its product portfolio includes LED televisions, air coolers, washing machines and air conditioners under its flagship Wiscon brand. The company also sells electric scooters sourced from third-party brands.
Wiscon Industries serves both business customers and individual consumers through an offline dealer and distributor network and its own online platform. Its distribution and sales network enables it to cater to customers across India, supported by an after-sales service network. As of 30 September 2026, Wiscon Industries had 76 permanent employees supporting its operations.
For FY2026, Wiscon Industries reported total income of Rs 197.13 crore and profit after tax (PAT) of Rs 20.41 crore. EBITDA stood at Rs 28.09 crore, while total borrowings were Rs 25.26 crore. The company's net worth stood at Rs 30.61 crore as of 31 March 2026.
For the quarter ended 30 June 2026, the company reported total income of Rs 69.85 crore and PAT of Rs 7.89 crore, while EBITDA stood at Rs 11 crore. Total borrowings increased to Rs 36.97 crore, and net worth stood at Rs 38.49 crore.
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