Indo SMC IPO Subscribed 103x, GRE Renew Enertech 15x; Listing Jan 21

• Indo SMC's IPO, manufacturing sheet moulding compound and FRP products, was subscribed 102.83 times, with strong demand from non-institutional investors (122.14x).
• GRE Renew Enertech, a solar energy solutions provider, saw its IPO subscribed 15.43 times, with decent interest across all investor categories.
• Both companies, along with Narmadesh Brass Industries, will finalize share allotment by January 19, with shares listing on BSE SME on January 21.
• Indo SMC aims to raise Rs 91.9 crore for plant machinery, working capital, and general corporate purposes.
• GRE Renew Enertech plans to utilize its Rs 39.56 crore IPO proceeds to set up a 7.20 MW ground-mounted solar power plant and for general corporate purposes.

Why It Matters: Indo SMC and GRE Renew Enertech IPOs received overwhelming investor response, set for Jan 21 listing.