Indo-MIM IPO allotment likely today; GMP signals 39% listing gain. Here’s how to check status

Indo-MIM IPO allotment is likely today, with the latest Grey Market Premium at around Rs 190, signalling an estimated 39 percent listing gain over the upper price band of Rs 485 and an expected listing price of about Rs 675. The issue, open from July 23 to July 27, was subscribed 72.34 times overall, with QIBs subscribing 204.34 times, NIIs 50.63 times, and retail investors 6.67 times. The public issue comprised a fresh issue of Rs 499.10 crore and an OFS of Rs 3,311.21 crore, with proceeds of Rs 400 crore earmarked for debt repayment.