Investors are closely tracking the allotment of the Indo-MIM IPO, which is expected to be finalised today following an overwhelming response during the subscription period. The Rs. 3,811 crore public issue received exceptional demand from institutional as well as retail investors, with the Qualified Institutional Buyers (QIB) portion witnessing massive oversubscription. Market observers believe the strong response reflects confidence in the company’s niche engineering business and healthy financial performance.
The grey market premium (GMP) continues to indicate the possibility of a strong listing, although experts caution that GMP is unofficial and may fluctuate before listing day. Investors who applied for the issue can check their allotment status through the registrar’s website as well as the NSE and BSE portals. The company’s shares are scheduled to debut later this week, making it one of the most anticipated listings of the month.
