The grey market premium for Indo-MIM Ltd’s initial public offering has climbed to ₹190 per share on the final day of bidding, signaling robust investor appetite for the auto components manufacturer.
Market observers note the premium reflects sustained demand as the issue closes on July 27.
The surge in unofficial valuations comes after the IPO saw accelerated subscription activity in its earlier days, with the overall subscription multiple reaching 3.07 times by the second day of bidding.
The strong uptake suggests the issue is likely to be oversubscribed, potentially leading to a listing gain for retail and institutional investors.
The momentum builds on a fully subscribed first day, indicating that the company’s valuation has found a receptive audience in the current market environment.
Investors will now look to the final subscription numbers and the allotment process to confirm the extent of the demand.