Indo-MIM IPO: Issue booked 1.4x on Day 2; Check GMP, dates, other key details

Indo-MIM's Rs 3,811.21 crore IPO was subscribed 1.40 times on Day 2, with bids for 7.69 crore shares against 5.50 crore on offer. Non-institutional investors led with 3.85 times subscription, while retail and employee portions were subscribed 1.04 times and 1.76 times respectively; QIBs bid for 20 percent of their reserved portion. Grey market premium indicates a potential listing gain of around 34 percent over the upper price band of Rs 485. The price band is set at Rs 461-485 per share, with the issue open until July 27 and listing expected on July 30, 2026.