Indo-MIM Limited will open its initial public offering to public subscription on Thursday, July 23, with the book-building process remaining open until Monday, July 27.
The company, which manufactures precision engineering components using metal injection molding technology, has set the price band for its equity shares between ₹461 and ₹485 per share.
Early market sentiment appears robust, with grey market premiums (GMP) indicating a potential 42% listing pop.
Early market sentiment appears robust, with grey market premiums (GMP) indicating a potential 42% listing pop.
This speculative pricing suggests strong initial investor appetite for the debut, although final subscription levels will determine the actual listing performance.
The issue is being led by a syndicate of investment banks, though specific lead managers were not detailed in the initial reports.
The IPO arrives as Indian capital markets see a resurgence in corporate fundraising activity.