Indo-MIM IPO is a Mainboard issue open from 23–27 July. The company is raising ₹3,811.21 Cr at a price band of ₹461 to ₹485 per share. One lot is 30 Shares shares.
Indo-MIM IPO Review & Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹14,550
30 shares at the upper band of ₹485
Retail limit
13 lots
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~3 days
from the closing date to listing
Total subscription
72.37x
across all categories
GMP-implied listing gain
+38.8%
₹188 premium on a ₹485 issue price
Indo-MIM is a mainboard issue raising ₹3,811.21 Cr, offered in a band of ₹461–₹485 per share. At the upper end that is 485 times the ₹1 face value, so ₹484 of every share subscribed is share premium rather than capital.
A retail application for Indo-MIM needs one lot of 30 shares, which works out to ₹14,550 at the upper band of ₹485. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 69 lots.
For Indo-MIM, bidding runs 23-27 July, allotment is finalised on 28 Jul 2026, the shares list on 30 Jul 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 3 days before listing decides what the holding is worth.
The issue is reserved 19.94% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The book is 72.37x subscribed across all categories. That headline covers institutional, non-institutional and retail bids together, and allotment odds are decided within each category separately — an issue can be heavily subscribed overall while the retail portion is comfortable, or the other way round. An oversubscribed retail book is settled by a draw on single-lot applications, so more distinct PANs help where a bigger single bid does not.
MUFG Intime India Pvt. Ltd. is the registrar for this issue, which means the allotment status for Indo-MIM is published on their portal from 28 Jul 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
A grey market premium of ₹188 on the upper band of ₹485 implies a listing gain of roughly 38.8%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.
What is Indo-MIM IPO?
Indo-MIM IPO is a Mainboard issue open from 23–27 July. The company is raising ₹3,811.21 Cr at a price band of ₹461 to ₹485 per share. One lot is 30 Shares shares.
When does Indo-MIM IPO open and close?
The issue is open 23–27 July. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Indo-MIM IPO price band?
The price band is ₹461 to ₹485 per equity share, against a face value of ₹1 Per Equity Share. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Indo-MIM IPO lot size?
The minimum application is 30 Shares shares, and bids must be in multiples of that lot.
What is the Indo-MIM IPO issue size?
The total issue size is ₹3,811.21 Cr.
How is Indo-MIM IPO reserved between investor categories?
The issue is reserved as retail 35%, QIB 19.94%, HNI 15%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Indo-MIM IPO allotment date?
Basis of allotment is expected to be finalised on 28 Jul 2026. You can check your status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN.
When does Indo-MIM IPO list?
Listing is expected on 30 Jul 2026, following the T+3 timeline that applies to Indian IPOs.
