Arc Insulation IPO GMP jumps 18% after 1.37x subscription; how 3 peers fare ahead of Friday launch

SME IPO ARC Insulation opens for subscription today. The company plans to raise Rs 41.19 crore through this book building issue. Three more SME issues will open on Friday viz. Anondita Medicare, Classic Electrodes and Shivashrit Foods. Here's what their grey market premiums (GMPs) suggest about the expected listings: IPO watch