Indo-MIM IPO: Issue receives solid response on Day 1, subscribed 1.4 times; NII portion booked 3 times

Indo-MIM's IPO received a solid response on Day 1, getting subscribed 1.41 times with bids for 6.29 crore shares against 4.45 crore shares on offer. The non-institutional investors (NII) portion was subscribed 3.04 times, retail at 0.88 times, and QIB at 0.18 times. The issue comprises a fresh issue of equity shares worth about ₹500 crore and an offer for sale of up to ₹3,312 crore, with shares set to debut on BSE and NSE on July 30.