Indo-MIM Limited shares began trading on the Bombay Stock Exchange and National Stock Exchange of India on Thursday, July 30, marking the conclusion of a ₹3,811 crore ($450 million) initial public offering.
The precision engineering components manufacturer’s debut follows a book-building process that opened on July 23 and closed on July 27, drawing robust interest from institutional and retail investors alike.
Analysts are projecting a strong listing performance, with grey market premiums (GMP) indicating shares could open at a significant premium to the issue price.
The positive sentiment reflects broader confidence in India’s manufacturing sector and the company’s position in the precision engineering supply chain.
The allotment basis was finalized on July 28, paving the way for the Thursday listing.
The IPO represents one of the larger recent capital raises in the Indian industrial sector.