Indo SMC, GRE Renew Enertech IPOs See Strong Subscription on Day 2

• Indo SMC's IPO was subscribed 1.98 times, while GRE Renew Enertech's IPO saw 2.55 times subscription on January 14, the second day of bidding.
• Both IPOs will close on January 16, with Indo SMC's price band at Rs 141-149 and GRE Renew Enertech's at Rs 100-105 per share.
• Indo SMC, an Ahmedabad-based manufacturer of sheet moulding compounds, aims to raise Rs 91.94 crore for plant machinery, working capital, and general corporate purposes.
• GRE Renew Enertech, a Gujarat-based solar energy solutions provider, plans to raise Rs 39.56 crore to set up a 7.20 MW (AC) / 9.99 MW (DC) ground-mounted solar power plant and for general corporate purposes.
• Narmadesh Brass Industries' IPO was subscribed 1.12 times on its third day, aiming to raise Rs 44.86 crore.

Why It Matters: Indo SMC and GRE Renew Enertech IPOs show strong investor interest, closing on January 16.