Markets / IPO / INDO-MIM

INDO-MIM IPO

Updated 07:19

Mainboard IPO on NSE and BSE · Industrial Products

● Listed 30 Jul 2026

Mainboard · NSE and BSE · Industrial Products · issue ₹3,812.11 crore

Price now₹1,219.50+151.44% since IPO
Issue price₹485band ₹461–485
Listing (open)₹700.00+44.33%
First-day close₹741.75+52.94%
Subscribed72.34×retail 6.67×
Lot30 shares₹14,550

How it has done since the IPO

Closing prices since listing: 26 Oct ₹1,075.80, 27 Oct ₹1,101.20, 28 Oct ₹1,149.00, 29 Oct ₹1,178.20, 30 Oct ₹1,171.60, 2 Nov ₹1,186.60, 3 Nov ₹1,203.80, 4 Nov ₹1,240.10, 5 Nov ₹1,269.40, 6 Nov ₹1,221.30.

Listing day30 Jul 2026
Open / high / low / close₹700.00 / ₹757.75 / ₹700.00 / ₹741.75
Shares traded on NSE7,27,03,164
Market value at the listing-day close₹35,912 cr

INDO-MIM share price, live chart and technicals →

The IPO's journey

Anchor22 Jul
Opens23 Jul
Closes27 Jul
Allotment28 Jul
In demat29 Jul
Listing30 Jul
Lock-in 50%26 Aug
Lock-in rest25 Oct

Subscription

Institutions (QIB)204.34×
HNI / NII50.63×
HNI, above ₹10 lakh57.68×
HNI, ₹2–10 lakh36.54×
Retail6.67×
Employees9.44×
Total72.34×
Shares offered and bid, by group
Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)1,56,83,7723,20,48,97,090204.34×
HNI / NII1,17,62,82959,55,92,64050.63×
  HNI, above ₹10 lakh78,41,88545,23,25,03057.68×
  HNI, ₹2–10 lakh39,20,94414,32,67,61036.54×
Retail2,74,46,60018,31,31,6106.67×
Employees2,00,00018,88,6809.44×
Total5,50,93,2013,98,55,10,02072.34×

Bars on a log scale so small and very large numbers both fit. NSE and BSE bids together, as of 27 Jul 2026 19:00.

Chance of getting shares (retail)

At least 1 in 7

retail applicants got one lot (9,14,886 lots for a retail portion subscribed 6.67×). Bidding for more lots does not raise the chance.

Who the issue was set aside for

Institutions 28.47%HNI / NII 21.35%Retail 49.82%Employees 0.4%

Bids by price

Top price ₹485 96.03%Cut-off 3.95%Lower prices 0.0%

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum; many bid for more lots, so the real chance is usually better. Winners are picked by lottery.

Issue reservation

Investor groupShares% of issueMost applicants allotted
Institutions (QIB)1,56,83,77228.47%–
HNI / NII1,17,62,82921.35%–
  HNI, above ₹10 lakh78,41,88514.23%3,788
  HNI, ₹2–10 lakh39,20,9447.12%9,335
Retail2,74,46,60049.82%9,14,886
Employees2,00,0000.36%–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)130₹14,550
Retail (maximum)13390₹1,89,150
Small HNI (minimum)14420₹2,03,700
Small HNI (maximum)682,040₹9,89,400
Big HNI (minimum)692,070₹10,03,950

At ₹485 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Anchor investors

Anchor bid date22 Jul 2026
Lock-in ends for the first 50% (30 days)26 Aug 2026
Lock-in ends for the remaining 50% (90 days)25 Oct 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹23,481 cr₹59,042 cr
P/E (last 12 months' profit)––
Revenue, last 12 months–
Profit, last 12 months–
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Industrial Products

CompanyListedSubscribedOn listingSince IPO
HGS (India) SME6 Nov–––
Maxwell Engineering Solutions SME6 Nov–––
Bonfiglioli Transmissions 23 Oct46.06×0.00%+14.34%
Zetwerk Manufacturing Businesses 23 Oct3.06×+5.46%+9.20%
HD Fire Protect 21 Oct131.70×+23.62%-3.69%
SpectraA Technology Solutions SME24 Sept–+90.00%+97.71%
Tempsens Instruments (India) 28 Aug184.07×+111.33%+74.40%
Skytech Infinite Platform SME21 Aug–-3.90%-60.71%

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the INDO-MIM IPO price band and lot size?

The price band is ₹461–485 per share, and one lot is 30 shares (₹14,550 at the upper price).

When is the INDO-MIM IPO allotment date?

Allotment was finalised on 28 Jul 2026, the next working day after bidding closed on 27 Jul 2026.

How many times was the INDO-MIM IPO subscribed?

In total 72.34 times, on NSE and BSE together; retail 6.67 times.

What is the INDO-MIM IPO listing date?

It listed on 30 Jul 2026 on NSE and BSE.

What is the chance of getting INDO-MIM IPO shares?

At least 1 in 7 retail applicants got the minimum lot: 9,14,886 retail allotments with the retail portion subscribed 6.67 times. Winners are picked by lottery.

When does the INDO-MIM anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 26 Aug 2026 and the 90-day lock-in on the rest ends on 25 Oct 2026; they can sell from the next trading day.

What was the INDO-MIM listing gain?

It opened at ₹700.00 against an issue price of ₹485, a gain of 44.33%. It is now up 151.44% from the issue price.