Allotment results for Indo-MIM Ltd’s initial public offering have been published, confirming the successful conclusion of one of India’s largest recent equity raises.
The precision engineering components manufacturer closed its book-building process on July 27, drawing intense demand from retail and institutional investors alike.
The public issue was subscribed more than 72 times during the three-day bidding window, underscoring robust appetite for the auto components maker.
This level of oversubscription places the IPO among the most sought-after listings in the current market cycle, reflecting confidence in the company’s export-oriented business model and margin profile.
Unofficial grey market premiums have climbed to ₹190 per share on the final day of bidding, suggesting a significant listing gain for successful allottees.
While grey market prices are not binding and can be volatile, the sustained premium indicates that market participants expect the stock to trade well above its issue price when it debuts on the exchanges.