Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
IPO Execution Schedule (NSE / BSE Trading Calendar)
Syncing Schedule...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
FinReason Grade
★★★★★
FUNDAMENTALS & SPREAD
TBA
Moat / 10
Proprietary Multi-Factor Moat Model
Executive Research Verdict
Synthesizing institutional thesis...
Underlying Moat Architecture & Risk Factors
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹ 244800
HNI (Min Lot)
sNII / High Net-Worth Tier
₹ 367200
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
22.73%
Market Maker
7.23%
QIB
22.73%
NII / HNI
14.32%
Retail
32.98%
🏛️
Institutional Corporate Dossier
Wiscon Industries
COMPANY PROFILE & DNA
⏳
Incorporation / Founded
16-09-22
Active Vintage
📍
Corporate Headquarters
New Delhi, Delhi
Registered Hub
👔 Leadership & Promoter Group
Key Management
Mr. Sidhant Dalmia
⚙️ Business Overview & Portfolio
Core Offerings
Trading and distribution of consumer electronic products and electric scooters
🎯 Target Market & End-Use
Revenue Drivers
Consumer electronics like TVs and air conditioners for domestic households
🛡️
★ Unique Selling Proposition (Core Economic Moat)
Wide portfolio of consumer electronics backed by strong pan-India distribution and after-sales network
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Investment in WOS Dalmia Technologies Limited for financing capital expenditure towards purchase of plant and machinery
₹ 15.04
Allocation
🎯 Objective 02
Investment in WOS Dalmia Technologies Limited for funding incremental working capital requirements
₹ 35.00
Allocation
🎯 Objective 03
To meet working capital requirements of our Company
₹ 17.00
Allocation
🎯 Objective 04
To fund marketing and promotional activities in our Company
₹ 5.23
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | Q1FY27 | FY26 | FY25 | FY24 |
|---|---|---|---|---|
| Total Income | 69.85 | 196.87 | 14.49 | 3.21 |
| EBITDA | 10.87 | 28.12 | 1.76 | 1.8 |
| Profit After Tax (PAT) | 7.89 | 20.41 | 1.25 | 1.36 |
| Net Worth | 38.49 | 30.61 | 4.17 | 0.34 |
| Total Borrowing | 36.97 | 25.26 | 0.45 | 0.61 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
📊 Total Sales (Revenue)
Strong
196.87
₹ Cr
YoY Growth
1258.44%
3-Year CAGR
682.60%
⚡ EBITDA (Op. Profit)
Strong
28.12
₹ Cr
YoY Growth
1501.71%
3-Year CAGR
NA
📈 Net Profit (PAT)
Strong
20.41
₹ Cr
YoY Growth
1528.64%
3-Year CAGR
NA
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
Current Period-%
3-Year Average-%
Last Year-%
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
Current Period-%
3-Year Average-%
Last Year-%
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 66.67% | 30.08% | 110.36% | Good |
| ROCE (Capital Employed)ROCE | 50.34% | 38.03% | 44.93% | Good |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
-0.71
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
0.0x (Paper Profit)
70%+ Institutional Benchmark
1.0x+ (Strong Cash)
⚡ Pre-IPO vs Post-IPO Forensic Impact Meters
Post-Issue Trajectory
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 0.83 | 0.31 | Low |
| EPS (₹) | 10.21 | 15.78 | Accretive |
| ROE (%) | 66.67% | 17.20% | Good |
| ROCE (%) | 50.34% | 18.08% | Good |
| P/E (Valuation) | 19.98 | 12.92 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY24
24
→
FY25
89
→
FY26
88
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0.00 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| Wiscon Industries Limited IPO CANDIDATE | 196.87 | 12.92 (Ask) | 50.34% | 17.20% (Post Issue) | 14.28% |
| Cellecor Gadgets Limited | 1291.81 | 15.89 | 20.37% | 21.96% | 5.51% |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
Strategic SWOT Analysis & Risk-Reward Matrix
4-Quadrant Institutional Assessment
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Wide range of imperative consumer electronic products
- Established pan India after sales service network
- Experienced promoter team with proven execution capabilities
- Value proposition and strong customer relationships maintained
Weaknesses
Internal Operational Constraints
- Inventory holding costs and technological obsolescence risks
- High dependence on seasonal consumer demand trends
- Absence of long term contracts with suppliers
- High working capital requirements for business growth
Opportunities
External Growth Tailwinds
- Structural growth in Indian consumer durables demand
- Better marketing approach to attract new customers
- Large screen and smart TV premiumisation cycle
- Expansion into growing electric scooter distribution market
Threats & Risks
External Macro & Sector Headwinds
- Rapid technology obsolescence and short product cycles
- Adverse changes in government policies and regulations
- Pricing pressure from e-commerce and brand discounting
- Supply chain disruptions and fluctuating input costs
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
- of Anchor Book
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
Institutional Lock-In Rule: 50% of anchor shares unlock 30 days post-allotment; remaining 50% unlock at 90 days.
Showing Top 10 by Capital Committed
Score 5/10 (Base 4, Sector +1, Co +3, Risk -3) | SECTOR MOAT: Consumer durables sector growing at 11% CAGR backed by PLI tailwinds, though fragmented. | COMPANY MOAT: Strong profitability with 66.67% ROE, 50.34% ROCE, 15.74% EBITDA margin, and Rs 17.70 Cr order book. | KEY RISKS: Top 10 clients drive 67.75% of sales along with heavy working capital needs. | VERDICT: High-return scalable electronics player limited by customer concentration and working capital intensity.
22.73
7.23
IPO Subscription & Book-Building Demand Matrix
NSE / BSE Book-Building Feed
Aggregate Book Subscription
-x
Syncing Book...
Analyzing category-wise oversubscription & allotment odds...
QIB vs Retail Spread
0.0x (Unfilled)
1.0x (Full Cover)
10x (Strong)
50x (High Demand)
100x+ (Blockbuster)
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-
Execution Note: Subscription multiples reflect cumulative demand against shares offered in each investor category.