Indo MIM IPO is still generating great interest among investors, with the Grey Market Premium maintaining strength on the last day of its public offering. As per current trends, the IPO is fetching a Grey Market Premium of about ₹190 per share, which implies that the market believes in gaining some extra amount above the top end price of ₹485. It is pertinent to note that grey market is neither official nor regulated.
Indo MIM Limited, an India-based precision engineering firm located in Bengaluru, is undertaking a main board initial public offer of INR 3,811.21 crore, with a pricing range of INR 461 to INR 485 for equity shares. The public offer will begin on July 23 and will conclude on July 27, 2026. Investors will be able to place bids of a minimum of 30 shares of stocks with an investment value of INR 14,550 (upper side of the range). The stock is likely to list on the NSE and BSE on July 30, 2026.
The current grey market activity indicates very good confidence in the IPO. Based on the current GMP of about ₹188 – ₹190, the possible listing price may be in the range of ₹673 to ₹675 per share assuming that market conditions will stay the same till listing. But still, investors need to keep in mind that GMP is just an unofficial parameter determined through grey market operations. It is not controlled by SEBI and cannot be treated as a guarantee for listing results. The premium may change rather fast, depending on general market mood and investor interest.Investor interest has been rather good too. At the end of the IPO subscriptions period, the issue has been oversubscribed more than 72 times on average, with exceptional demand from QIBs (more than 200 times of subscription). The retail segment has shown good interest as well, subscribing their allocated quota multiple times.
Indo MIM is famous worldwide for producing precision engineering parts through Metal Injection Molding (MIM). In addition, its client base ranges from the automotive sector, medical devices, aerospace, consumer electronic devices, industrial machinery, and the defense sector. Throughout the years, it has widened its manufacturing processes to include precision machining, investment casting, ceramic injection molding, 3D metal printing, and surface finishes. It has helped boost confidence among potential investors regarding the upcoming IPO. For any investor who would like to invest in this IPO, it is important to consider other factors beyond the Grey Market Premium. Factors such as financial performance, valuation, business prospects, industry standing, and future growth potential should also be considered in investment decisions.
The subscription is now closed, and the allotment is set to take place on July 28; thus, it would not be long before people learn about the allotment of the shares to them. The shares of the company are due to be listed on the stock exchange on July 30, pending the successful completion of the IPO process. Meanwhile, the participants of the market shall keep watching the GMP figures, which are considered among the most watched indicators for a new listing despite being unofficial.