Propshop Events & Exhibitions, the initial public offering of Indo-MIM Ltd, has opened for subscription in the Indian primary market.
The offering will remain open to investors until July 29, 2026.
Early market sentiment appears cautious, with shares trading at par value in the grey market on the first day of subscription, according to market observers.
The flat grey market premium (GMP) suggests limited immediate speculative interest, contrasting with the broader trend of recent Indian IPOs that have seen significant pre-listing premiums.
While the company has not disclosed specific financial metrics in the initial filing summary, the par-value trading indicates that investors are waiting for further clarity on subscription levels and institutional demand before pricing in a premium.
This development comes as other Indian firms continue to test the primary market.