Mumbai, Jan. 21 -- The scrip was listed at Rs 149, matching the initial public offer (IPO) price. The stock is currently up 2.85% over its listing price.

The counter hit a high of Rs 156 and a low of Rs 141.55. About 30.81 lakh shares of the company changed hands at the counter.

Indo SMC's IPO was subscribed 102.83 times. The issue opened for bidding on 13 January 2026 and it closed on 16 January 2026. The price band of the IPO was fixed between Rs 141 to Rs 149 per share.

The IPO comprised a fresh issue of 44,15,000 equity shares. The promoter and promoter group shareholding diluted to 69.49% from 100% pre-issue.

The company will utilize the net proceeds for funding capital expenditure to purchase plant and machinery and working capi...