Indo-MIM IPO Day 3 LIVE: GMP jumps following strong subscription status. Apply or not?

The Indo-MIM IPO, open from July 23 to July 27, 2026, was subscribed 4.45 times by day 3, with the NII portion filled 13.77 times and retail at 2.37 times. The Rs 3,811 crore book-built issue at a price band of Rs 461 to Rs 485 saw its grey market premium rise to Rs 190. Brokerages including KC Securities, Anand Rathi, Beacon Capital, and Swastika Investmart recommended applying, citing Indo-MIM's global leadership in Metal Injection Moulding and a justified 45x FY26E P/E valuation, with listing likely on July 30.