INDO-MIM IPO
INDO-MIM Limited (INDOMIM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 July 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +29.5% (likely range +18% to +72%), day's high +37.2%, chance of a gain 92%. Actual: +44.3% at the open, +56.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,56,83,772 | 3,20,48,97,090 | 204x | |
| NII (HNI) total | 1,17,62,829 | 59,55,92,640 | 50.6x | |
| Big NII (above ₹10 lakh) | 78,41,885 | 45,23,25,030 | 57.7x | |
| Small NII (₹2-10 lakh) | 39,20,944 | 14,32,67,610 | 36.5x | |
| Retail | 2,74,46,600 | 18,31,31,610 | 6.67x | |
| Employees | 2,00,000 | 18,88,680 | 9.44x | |
| Total | 5,50,93,201 | 3,98,55,10,020 | 72.3x |
Bids on NSE and BSE together, as published by NSE, as of 27 Jul 2026, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to INDO-MIM's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Premier EnergiesAug 2024 | 217x | 50.0x | 7.69x | 74.4x | ₹2,838 Cr | +120.0% | +121.0% |
| Anthem BiosciencesJul 2025 | 183x | 42.4x | 5.64x | 63.9x | ₹3,584 Cr | +26.9% | +31.1% |
| Emcure PharmaceuticalsJul 2024 | 196x | 48.3x | 7.21x | 67.9x | ₹1,950 Cr | +31.4% | +37.4% |
| Bajaj Housing FinanceSep 2024 | 209x | 41.5x | 7.04x | 63.6x | ₹6,958 Cr | +114.3% | +135.7% |
| IndegeneMay 2024 | 198x | 55.1x | 7.95x | 69.9x | ₹1,840 Cr | +44.9% | +46.0% |
| Tenneco Clean Air IndiaNov 2025 | 166x | 40.7x | 5.11x | 58.8x | ₹3,781 Cr | +27.2% | +30.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| HDFC Bank | 16 | +15.8% | 75% |
| Axis Capital | 107 | +20.4% | 73% |
| ICICI Securities | 109 | +21.3% | 69% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the INDO-MIM IPO price band and lot size? ₹461–485 per share, with a lot of 30 shares, so the smallest retail bid is ₹14,550.
How many times has it been subscribed? 72.3x overall: QIB 204x, NII 50.6x, retail 6.67x, employees 9.44x.
How did it list? It opened at ₹700, +44.3% against the issue price of ₹485, and closed its first day +52.9%.
