Indo-MIM IPO allotment likely today: Here's how to check allotment status online as GMP remains strong

Indo-MIM IPO allotment todayAI Quick ReadIndo-MIM IPO Allotment today: Precision engineering components maker Indo-MIM Ltd is expected to finalise the basis of allotment for its ₹3,811-crore initial public offering (IPO) today, July 28, following overwhelming investor interest during the three-day bidding window. Applicants are likely to receive allotment updates today, while successful bidders may also receive bank debit notifications.

The IPO closed with an overall subscription of 72.37x, attracting bids for 3,98,58,76,230 shares against 5,50,74,644 shares on offer. The qualified institutional buyers (QIB) segment emerged as the biggest driver of demand, subscribing 204.47x on the final day. The non-institutional investor (NII) portion was booked 50.65x, while the retail investors' quota was subscribed 6.69x.

The public issue remained open for subscription from July 23 to July 27. Following the allotment process on July 28, refunds and credit of shares to successful applicants are expected on July 29, while the company's shares are scheduled to debut on the BSE and NSE on July 30.

Market observers said Indo-MIM shares were trading at a grey market premium (GMP) of around ₹190 per share on Tuesday.

Based on the upper end of the IPO price band at ₹485 per share, the prevailing GMP suggests an estimated listing price of about ₹675, implying a potential listing gain of 39.18%. However, investors should note that the grey market is unofficial, and GMP levels fluctuate frequently depending on market sentiment.

Visit registrar MUFG Intime India’s portal – https://linkintime.co.in/initial_offer/.

Under ‘Select IPO’, select ‘Indo-MIM Ltd’ from the drop box.

Enter your application number, demat account, or permanent account number (PAN).

Your share application status will appear on your screen.

Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.

For NSE, visit allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Select ‘Equity’ on BSE and 'Equity & SME IPO bid details' on NSE

Under ‘Issue Name’, select ‘Indo-MIM Limited’ in the drop box.

Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.

Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.