Indo-MIM IPO
These days, one name is on the lips of every investor in the stock market – Indo-MIM. If you have also placed a bet in this IPO or were thinking of placing it, then the latest data coming from the market may thrill you. This IPO, which closed on July 27, has received such an overwhelming response from investors that even before the shares are allotted, its price is rising like a rocket in the gray market. In such a situation, the question in everyone’s mind is whether there is really going to be huge earnings on the day of listing?
Money rains, issue filled more than 72 times
Indo-MIM had set a target of raising Rs 3,811 crore from the market, for which the price band of shares was fixed between Rs 461 to Rs 485. There was tremendous enthusiasm among investors regarding this issue. Till the last day of bidding, this IPO was subscribed a total of 72.23 times. The maximum interest was shown by large institutional investors (QIBs), whose quota was filled 204.34 times. At the same time, the share of big investors (NII) is 50.57 times and that of common retail investors is 6.48 times. These figures are a clear testimony that the market has a lot of confidence in the future of this company.
Strong indication of profit even before allotment
Now let’s talk about the figure on which every investor keeps a close eye – Gray Market Premium (GMP). According to market experts, Indo-MIM shares are trading at a premium of Rs 190 in the gray market today. In the last few days, this premium has jumped from Rs 166 to Rs 190. This simply means that if the share is allotted at the upper band of Rs 485, then it can be listed at a much higher price with a premium of Rs 190. That is, the investors who will be allotted these shares have full hope of getting a huge profit on the day of listing.
What do market leaders say?
Not only common investors, but even big brokers are impressed by the profile of this company. According to Mahesh M. Ojha, Vice President of KC Securities, this company is a global leader in the Metal Injection Molding (MIM) industry. The most important thing is that there is no other listed company to compete with it in the Indian stock market. Big brokerage houses like Anand Rathi, Beacon Capital and Swastika Investmart have also clearly advocated investing in this IPO. Experts believe that it will get direct and long-term benefits from the ‘China Plus One’ policy and the rapidly growing manufacturing sector in India.
When will the decision be taken, in whose account will the shares come?
Now that investors have invested their money, everyone is waiting for the allotment. Possibly on July 28, 2026, it will be decided as to whose demat account the shares will come to and who will be disappointed. The lucky investors who will be allotted shares will be able to celebrate its listing in the stock markets (BSE and NSE) on 30 July 2026.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
