Wiscon Industries SME shares to list on BSE SME today
The Delhi-based consumer electronics trader raised Rs 110 crore through its public issue which saw an 88 per cent subscription.
Wiscon Industries is set to debut on the BSE SME platform on November 3, 2026, according to The Economic Times. The company's public issue raised a total of Rs 110 crore, consisting of 43.14 lakh new shares valued at Rs 88.01 crore and an offer for sale of 10.78 lakh shares worth Rs 22 crore.
The initial public offering (IPO), which was open for subscription from October 27 to October 29, 2026, achieved an overall subscription rate of 88 per cent. The non-institutional investor (NII) category was subscribed 62 times, while the retail portion reached 66 per cent subscription. The qualified institutional buyers (QIB) portion saw a 2.24 times subscription.
The company planned to use Rs 15.04 crore of the proceeds to fund plant and machinery purchases for its subsidiary, Dalmia Technologies Limited. An additional Rs 35 crore will go to the subsidiary for working capital, while Rs 17 crore is earmarked for the parent company's working capital needs.
Other planned uses for the proceeds include Rs 5.23 crore for marketing and promotional activities, with the rest for general corporate purposes and issue expenses. The total estimated proceeds from the IPO amount to Rs 72.26 crore.
Incorporated in September 2022, the Delhi-based Wiscon Industries Ltd. trades consumer electronics such as LED televisions, air coolers, and washing machines. The company reported revenue growth from Rs 321.45 lakh in FY24 to Rs 7,339.16 lakh in FY26.