HighPositive
Announced Tue, 28 Jul · 08:45 IST
Indo-MIM IPO allotment likely today: Here's how to check allotment status online as GMP remains strong
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Indo-MIM Ltd's ₹3,811 crore IPO allotment is expected to be finalised today, with the issue having been subscribed 72.37 times overall — including 204.47x in the QIB segment, 50.65x in NII, and 6.69x in retail. Grey market premium stands at around ₹190 per share against the upper price band of ₹485, implying an estimated listing price of about ₹675 and a potential listing gain of 39.18 percent. The shares are scheduled to list on BSE and NSE on July 30, with proceeds primarily earmarked for ₹400 crore in debt repayment.