GRE Renew Enertech IPO Fully Booked, Indo SMC Nears Full Subscription on Day 1

• GRE Renew Enertech's IPO was fully booked at 2.1 times subscription, driven by strong QIB support.
• Indo SMC's IPO achieved 94% subscription on day 1, with retail investors leading the bids.
• Both Ahmedabad-based companies' public issues close on January 16.
• GRE Renew Enertech aims to raise Rs 39.56 crore for a 7.20 MW solar power plant.
• Indo SMC seeks Rs 91.95 crore to fund plant and machinery purchases and working capital.

Why It Matters: GRE Renew Enertech's IPO fully subscribed, while Indo SMC's issue neared full subscription on day 1.