Wiscon Industries IPO Day 2: Subscribed 0.86x; QIB Demand at 2.00x
Key Highlights
Wiscon Industries IPO (₹85 crore SME IPO) was subscribed 0.86x on Day 2 of 3, with QIB at 2.00x. See category-wise subscription and day-wise bids.
Last updated: Wed, Oct 28, 2026, 10:30 PM IST · SME · · Day 2 of 3
- Wiscon Industries IPO subscribed 0.86x overall on Day 2, up from 0.83x on Day 1
- Total bids: 36,03,000 shares against 41,66,400 shares on offer
- Category-wise: 2.00x, 0.35x, 0.42x
- Price band: ₹194 to ₹204 per share
- The issue closes on Thu, Oct 29, 2026
The Wiscon Industries IPO reached a subscription multiple of 0.86x by 10:30 PM IST on day 2 of 3. This indicates the total shares bid for divided by shares offered across all categories.
The QIB category, which includes qualified institutional buyers, recorded the highest interest at 2.00x. The overall subscription level rose from 0.83x on day 1 to 0.86x on day 2.
Wiscon Industries IPO Status: Day 2
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Tue, Oct 27, 2026 | 34,45,800 | 70.29 | 0.83x |
| Day 2 | Wed, Oct 28, 2026 | 36,03,000 | 73.50 | 0.86x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) | Day 2 bids | Day 2 (x) |
|---|---|---|---|---|---|
| QIB | 12,25,800 | 24,51,000 | 2.00x | 24,51,000 | 2.00x |
| NII | 11,62,200 | 3,90,000 | 0.34x | 4,03,200 | 0.35x |
| of which individual NII | — | — | — | 1,800 | — |
| of which corporate NII | — | 3,90,000 | — | 3,91,800 | — |
| Retail | 17,78,400 | 6,04,800 | 0.34x | 7,48,800 | 0.42x |
| Total | 41,66,400 | 34,45,800 | 0.83x | 36,03,000 | 0.86x |
The QIB category remained the only segment to exceed its quota with 2.00x subscription. In contrast, NIIs, or non-institutional investors bidding above ₹2 lakh, reached 0.35x, while retail investors reached 0.42x. The day-on-day increase in total bids from 34,45,800 to 36,03,000 shares reflects marginal movement across these categories.
Wiscon Industries IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Tue, Oct 27, 2026 to Thu, Oct 29, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹194 to ₹204 per share |
| Lot size | 1,200 shares |
| Total issue size | 53,92,200 shares (₹85 crore) |
| Listing at | BSE |
| Lead managers | Smart Horizon Capital Advisors Pvt Ltd. |
| Maashitla Securities Pvt Ltd. |
About Wiscon Industries
Wiscon Industries Ltd. is a Delhi-based company engaged in supplying consumer electronic products. As per the DRHP, its portfolio includes LED TVs, air coolers, washing machines, and air conditioners, alongside third-party electric scooters. The company serves both B2B and B2C customers through an offline network and its website, earning revenue from product sales and after-sales services. Established in 2022, the company operates with a wholly-owned subsidiary, Dalmia Technologies Limited, which handles manufacturing activities such as the production and assembly of LED TVs.
Wiscon Industries Financial Highlights
| Metric | FY 2025-26 |
|---|---|
| from operations (₹ crore) | 1,968.75 |
| Total income (₹ crore) | 1,971.30 |
| Profit after tax (₹ crore) | 204.05 |
| Net worth (₹ crore) | 306.05 |
| Total borrowings (₹ crore) | 152.89 |
The company reported a margin of 10.36% for the fiscal year 2025-26. During the same period, the debt-to-equity ratio stood at 0.50x, based on borrowings of ₹152.89 crore and a net worth of ₹306.05 crore.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Investment in our WOS, Dalmia Technologies Limited for financing its | 15.04 |
| Investment in our WOS, Dalmia Technologies Limited for funding its | 35.00 |
| To meet Working Capital requirements | 17.00 |
| To Fund Marketing and Promotional Activities in our Company | 5.23 |
Risk Factors as per the DRHP
- The company faces significant concentration risk in its supply chain, with the top 10 suppliers accounting for 99.33% of total purchases in fiscal 2026.
- Revenue is highly dependent on a limited client base, as the top 10 customers contributed 67.75% of total revenue in fiscal 2026.
- The company is involved in ongoing litigation regarding taxation matters, which currently involves a total demand of ₹83.26 Lakhs.
How to Check Wiscon Industries IPO Subscription Status
Live bidding figures are published by BSE while the issue is open. Once it closes, allotment status is published by the registrar, Maashitla Securities Pvt Ltd..
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Wed, Oct 28, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.