Wiscon Industries Ltd IPO
Retail
Price Band
₹194 – ₹204
Lot Size
600
Minimum Bid Quantity
1200
Minimum Investment
₹244800
Issue Size
₹110Cr
Opens
2026-10-27
Closes
2026-10-29
Listing
03-11-2026
Subscription Status
Qualified Institutional Buyers
2.24 x
Non-Institutional Investor
0.74 x
Retail Individual Investor
0.65 x
Total
1.14 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE0NZ501012
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Wiscon Industries Limited is a Delhi-based supplier of consumer electronic products in India. Its product portfolio includes LED televisions, air coolers, washing machines, and air conditioners, which are sold under its flagship brand, Wiscon. The company also sells electric scooters under a third-party brand. The company serves both business-to-business (B2B) and business-to-consumer (B2C) customers. It conducts its B2B operations through an offline customer network, while it makes B2C sales through its website. Wiscon Industries was incorporated as a public limited company on September 16, 2022. In May 2025, the company acquired a 100% stake in Dalmia Technologies Limited (DTL), which manufactures LED televisions and trades in other electronic products. DTL became its wholly owned subsidiary, and the company’s consolidated financial statements include DTL from FY26 onward. Accordingly, consolidated figures for FY26 and the quarter ended June 30, 2026 include DTL’s financial results, while historical figures for FY24 and FY25 in the relevant standalone statements reflect Wiscon Industries on a standalone basis. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS). Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: Investment in the wholly owned subsidiary, Dalmia Technologies Limited for financing its capital expenditure towards purchase of plant and machinery — Rs 15.04 crore Investment in Dalmia Technologies Limited for funding its incremental working capital requirements — Rs 35 crore To meet working capital requirements of Wiscon— Rs 17 crore To fund marketing and promotional activities in the company — Rs 5.22 crore General corporate purposes
Pros
- • The company sells LED TVs, air coolers, washing machines, and air conditioners under its Wiscon brand. It also sells electric scooters under a third-party brand, giving it a product portfolio across consumer electronics and electric mobility.
- • The company sells its products through an offline B2B customer network and its website for B2C sales. In FY26, B2B sales of LED TVs accounted for Rs 49.08 crore (66.87%) of standalone revenue from operations, while electric scooter sales contributed Rs 19.87 crore (27.08%), primarily through B2B customers.
- • The company’s standalone revenue from operations increased from Rs 3.21 crore in FY24 to Rs 14.49 crore in FY25 and to Rs 73.39 crore in FY26 on a consolidated basis.
Cons
- • The company depends heavily on a small group of suppliers for its product purchases and does not have long-term or exclusive supply agreements with them. On a standalone basis, its top 10 suppliers accounted for Rs 20.82 crore (99.77%) of total purchases in the quarter ended June 30, 2026, Rs 64.35 crore (99.33%) in FY26, Rs 11.71 crore (99.82%) in FY25, and Rs 2.22 crore (99.97%) in FY24. Any disruption in supplies, increase in procurement costs, or inability to find alternative suppliers within the required timelines could adversely affect the company’s operations and profitability.
- • The company derives a significant portion of its revenue from a limited number of customers and does not have long-term sales contracts with them. On a standalone basis, its top 10 customers contributed Rs 15.41 crore (63.36%) of revenue from operations in the quarter ended June 30, 2026, Rs 49.72 crore (67.75%) in FY26, Rs 9.76 crore (67.34%) in FY25, and Rs 1.53 crore (47.50%) in FY24. Any loss of key customers, reduction in order volumes, or cancellation of purchase orders could adversely affect the company’s revenue, profitability, and financial condition.
- • The company generates 100% of its revenue from domestic operations, with a significant portion concentrated in Delhi, Uttar Pradesh, and Haryana. These three regions contributed 74.25% of revenue in the quarter ended June 30, 2026, 83.76% in FY26, Rs 77.42% in FY25, and 55.21% in FY24. Any adverse economic, competitive, or regulatory developments in these regions, or the company’s inability to expand into other markets, could adversely affect its business, revenue, and financial performance.
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