The Initial Public Offering (IPO) of Indo-MIM Ltd., which opened for subscription on Jul 23, 2026, has been subscribed 72.34 times as of [[CurrentTime]] IST on Jul 27, 2026, according to NSE and BSE data, indicating oversubscribed investor participation across categories.
The ₹3,811.21 crore issue has attracted bids for approximately 398.40 crore shares, compared with 5.51 crore shares on offer, reflecting the cumulative demand trend across all investor segments since the issue opened.
Subscription Breakdown (Category-wise)
- Qualified Institutional Buyers (QIBs): 204.47 times
- Non-Institutional Investors (NIIs): 50.63 times
- Retail Individual Investors (RIIs): 6.63 times
- Employee Quota: 9.39 times
Issue Structure & Pricing
The IPO consists of a Fresh Issue of ₹499.10 crore and an Offer for Sale (OFS) aggregating to ₹3,311.21 crore, with the issue price band fixed at ₹461 to ₹485 per share.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by Company | 400.00 |
| 2 | General Corporate Purposes | |
| Total | 400.00 |
Lead Managers & Registrar
HDFC Bank Ltd. is acting as the Book-Running Lead Manager for the offering, ensuring seamless execution, with MUFG Intime India Pvt.Ltd. acting as the registrar to the issue.
