Wiscon Industries will open its IPO for public subscription on October 27 with a price band of Rs 194-204 per share. The company aims to raise Rs 110 crore to fund capital expenditure and working capital. Bidding for the issue will close on October 29, with shares trading from November 3.
Consumer electronic products supplier Wiscon Industries tapped capital markets to raise funds up to Rs 110 crore via initial public offering for its capital expenditure and working capital requirements. The company is set open its IPO for public subscription on October 27, with price band at Rs 194-204 per share, while the bidding will close on October 29. The one-day anchor book for institutional investors will open on October 26, while its shares will be available for trading on the BSE SME platform on November 3. The 53.92 lakh shares IPO comprises fresh issue of 43.14 lakh equity shares, and an offer-for-sale of 10.78 lakh shares. Promoter Sidhant Dalmia will be selling shareholder in the offer-for-sale. Click Here To Read All IPO News New Delhi-based Wiscon Industries supplies several consumer electronic products including LED TVs, air coolers, washing machines and air conditioners under its flagship brand Wiscon, serving business-to-business as well as business-to-customers within India. Business-to-business segment contributed nearly 99 percent to revenue in the fiscal 2026, and the remaining contribution came from the business-to-customers segment. The company will invest Rs 50 crore of net fresh issue proceeds in its subsidiary Dalmia Technologies for financing its capital expenditure towards purchase of plant and machinery, and incremental working capital requirements. Further, the 17 crore will be used for company's working capital requirements, Rs 5.2 crore for marketing and promotional activities, and the remainder funds for general corporate purposes. The merchant banker managing the Wiscon Industries IPO is Smart Horizon Capital Advisors.