INDO SMC IPO to open with 24% GMP. Check price band, subscription and other details

INDO SMC’s Rs 92 crore IPO opens Tuesday, with strong grey market interest indicating investor confidence. The company, a manufacturer of electrical and industrial products, aims to raise funds for plant expansion and working capital. With a price band of Rs 141-149, the issue is set to debut on the BSE SME platform on January 21.