Wiscon Industries IPO

GMP History

Financial Performance

As disclosed by Wiscon Industries in its offer document.

Strengths and risks

Taken from Wiscon Industries's own offer document — not Arthneeti's assessment.

• ✓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 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 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 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.

About Wiscon Industries

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