✅ Subscribe
Open Now
SME IPO
BSE SME Consumer Electronics
Wiscon Industries IPO
₹110.00 Cr · Fresh Issue · Consumer Electronics
Price Band
₹194
Lot: 600 shares (₹116,400)
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹110.00 Cr
Fresh Issue
Market Cap
₹407.75 Cr
At upper band
P/E Ratio
15.67x
Listing Date
3rd Nov 2026
BSE & NSE
IPO Timeline
✓
Opens
27th Oct 2026
✓
Closes
29 Oct 2026
📋
Allotment
30 Oct 2026
₹
Refund
2 Nov 2026
📈
Listing
3rd Nov 2026
IPO India Hub: Subscribe
Conviction
7/10
The company trades at 0.68× sector midpoint with strong ROCE of 51.82% and a 2-year revenue CAGR of 382.5%, indicating efficient capital deployment and rapid scaling. Key risk: FY0 revenue collapsed 65% year-on-year to ₹69.8 Cr, signalling either cyclical weakness or execution challenges that warrant post-listing monitoring.
Our Analysis — Key Points
✓ Strength
Valuation discount to sector peers
At 0.68× the niche sector midpoint of 23×, the company offers a meaningful valuation margin of safety. The 15.67× P/E is well below the 18–28× range for unlisted/niche sectors, providing downside protection for SME investors.
✓ Strength
Exceptional capital efficiency metrics
ROCE of 51.82% and 2-year PAT CAGR of 180.9% demonstrate the company converts capital into profits at above-average rates. Debt/Equity of 0.83× is conservative, leaving room for growth financing without balance-sheet stress.
⚠ Risk
Sharp revenue contraction in FY0
Revenue fell 65% from ₹197.1 Cr (FY-1) to ₹69.8 Cr (FY0), and net profit dropped 61% to ₹7.9 Cr. This reversal after explosive prior growth raises questions about market demand, customer concentration, or operational disruption that must be clarified.
⚠ Risk
Margin compression and cyclicality
NPM of 11.3% is below the 15% threshold for premium valuations, and EBITDA margin of 14.27% suggests thin operational leverage. Consumer electronics is cyclical; sustained margin pressure could erode the valuation case if FY0 weakness persists.
₹ Valuation
Fair pricing with growth discount applied
At 15.67× P/E against a 23× sector midpoint, the company is valued 32% below peer norms. This discount is justified by the FY0 revenue collapse and 11.3% NPM, but leaves room for re-rating if the company stabilizes and returns to growth.
👁 Watch
Monitor FY1 revenue trajectory closely
The critical metric post-listing is whether FY1 revenue rebounds toward ₹150+ Cr or remains depressed near ₹70 Cr. Any guidance miss or further contraction would signal structural weakness and warrant exit consideration.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Wiscon Industries" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹69.85 Cr
Net Profit
₹7.89 Cr
Industry
Consumer Electronics
Issue Type
Fresh Issue
Quick Actions
Frequently Asked Questions
Subscribe. The company trades at 0.68× sector midpoint with strong ROCE of 51.82% and a 2-year revenue CAGR of 382.5%, indicating efficient capital deployment and rapid scaling. Key risk: FY0 revenue collapsed 65% year-on-year to ₹69.8 Cr, signalling either cyclical weakness or execution challenges that warrant post-listing monitoring.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
The minimum lot size is 600 shares. At the upper band price of ₹194, the minimum investment per retail application is ₹116,400. You can apply for up to 13 lots (₹1,513,200) under the retail category (up to ₹2 lakh).
The IPO opens on 27th Oct 2026. It closes on 29 Oct 2026. Allotment is expected on 30 Oct 2026. Refunds initiate on 2 Nov 2026. Listing on BSE and NSE is on 3rd Nov 2026.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 29 Oct 2026. The minimum investment is ₹116,400 for one lot (600 shares). The company trades at 0.68× sector midpoint with strong ROCE of 51.82% and a 2-year revenue CAGR of 382.5%, indicating efficient capital deployment and rapid scaling. Key risk: FY0 revenue collapsed 65% year-on-year to ₹69.8 Cr, signalling either cyclical weakness or execution challenges that warrant post-listing monitoring.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 29 Oct 2026. The IPO is priced at a P/E of 15.67x. Market cap at issue price is ₹407.75 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The minimum lot is 600 shares at ₹194 each, costing ₹116,400 per application. The issue closes on 29 Oct 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Wiscon Industries'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
Explore More