INDO SMC's Rs 92 crore IPO, offering 61.71 lakh shares at a price band of Rs 141-149, opened for subscription on Tuesday, January 13. The issue, aimed at funding plant expansion and working capital, saw strong grey market interest indicating a potential 24% listing premium. The IPO fully subscribed on its first day, with QIBs, retail, and non-institutional investors participating. The company raised Rs 26.2 crore from anchor investors prior to opening.