Indo-MIM IPO Allotment Today: Check Status & Listing Gains
By IPO Desk
Indo-MIM IPO allotment today, July 28, after a massive 72.37x subscription. Check status, GMP, and potential listing gains on BSE/NSE.
Indo-MIM Ltd is set to finalize the allotment basis for its ₹3,811-crore Initial Public Offering today, July 28, 2026. The public issue saw an overall subscription of 72.37 times.
Subscription Overperformance
Qualified Institutional Buyers subscribed 204.47 times.
Non-Institutional Investors subscribed 50.65 times.
Retail investors subscribed 6.69 times.
The IPO was open for subscription from July 23 to July 27. Refunds and share credits are anticipated on July 29, with shares listing on BSE and NSE on July 30.
GMP and Listing Prospects
The Grey Market Premium for Indo-MIM shares was reported at approximately ₹190 per share on Tuesday. This suggests a potential listing price of around ₹675 against the upper IPO price band of ₹485.
This indicates a possible listing gain of 39.18%, though GMP remains an unofficial and fluctuating indicator.
Checking Allotment Status
Investors can check their status via the IPO registrar, MUFG Intime India, or the official websites of BSE and NSE.
On MUFG Intime: Select ‘Indo-MIM Ltd’, enter application number, demat account, or PAN.
On BSE: Select ‘Equity’ and ‘Indo-MIM Limited’, then enter application number or PAN.
On NSE: Visit allotment page, select ‘Equity & SME IPO bid details’, choose ‘Indo-MIM Limited’, and enter application number or PAN.
IPO Structure and Utilisation
The IPO consists of a fresh issue of 1.03 crore shares worth ₹499.10 crore. An Offer For Sale comprises 6.83 crore shares valued at ₹3,311.21 crore.
The price band was set between ₹461 and ₹485 per share, with a minimum retail investment of ₹14,550 for a lot of 30 shares. Employees received a discount of ₹45 per share on up to 2 lakh reserved shares.
Indo-MIM plans to use ₹400 crore from the fresh issue for debt repayment, with remaining funds for general corporate purposes. HDFC Bank Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar.
Company Overview
The company raised ₹1,140.99 crore from anchor investors on July 22, 2026, ahead of the public issue. Founded in 1996, Indo-MIM specializes in precision engineering components using metal injection molding (MIM) technology.
It has diversified into investment casting, precision machining, ceramic injection molding, and 3D metal printing, serving industries like automotive, aerospace, and medical. In FY25, Indo-MIM produced over 6,400 products.
For FY26, the company reported a 28% year-on-year revenue growth and a 26% increase in profit after tax.