Indo-MIM IPO allotment likely today; GMP signals 39% listing gain. Here’s how to check status

The wait is nearly over for investors in the Indo-MIM IPO, with the basis of allotment expected to be finalized today. Applicants to the Rs 3,811.21 crore public issue will be able to check whether they have been allotted shares, while the company is slated to make its stock market debut on the BSE and NSE on July 30.

Ahead of the listing, the IPO continues to generate strong excitement in the grey market. The latest Grey Market Premium (GMP) stands at around Rs 190, or nearly 39% over the upper price band of Rs 485 per share, indicating an estimated listing price of around Rs 675.

The IPO, which was open for subscription from July 23 to July 27, witnessed overwhelming investor interest, receiving an overall subscription of 72.34 times. Institutional investors drove the demand, with the Qualified Institutional Buyers (QIBs) portion subscribed 204.34 times. The Non-Institutional Investor (NII) category was subscribed 50.63 times, while the Retail Individual Investor (RII) segment saw a healthy 6.67 times subscription.


The public issue comprised a fresh issue of 1.03 crore equity shares worth Rs 499.10 crore and an Offer for Sale (OFS) of 6.83 crore shares aggregating Rs 3,311.21 crore by existing shareholders. Shares were offered in the price band of Rs 461-485 apiece.

The IPO is being managed by HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets as the book-running lead managers, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

How to Check Indo-MIM IPO Allotment Status

Investors can verify their allotment status through any of the following platforms:

1. MUFG Intime India (Registrar)

• Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
• Select Indo-MIM from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose Indo-MIM from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Indo-MIM from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

Indo-MIM IPO GMP Today

The grey market continues to reflect strong investor optimism ahead of the listing. The latest GMP is Rs 190, translating to a premium of around 39% over the upper issue price of Rs 485. Based on the current premium, the stock is expected to list at approximately Rs 675 per share.

Disclaimer: The Grey Market Premium (GMP) is an unofficial indicator based on market sentiment and speculative trading. It should not be considered a reliable predictor of the stock's listing price or its future market performance.

How Will the IPO Proceeds Be Used?

Out of the fresh issue proceeds, the company plans to utilize Rs 400 crore towards the repayment or prepayment of certain outstanding borrowings. The remaining funds will be deployed for general corporate purposes, strengthening the company's balance sheet and supporting future growth.

About Indo-MIM

Founded in 1996, Indo-MIM Ltd. is among the world's leading manufacturers of precision engineering components using Metal Injection Molding (MIM) technology. The company provides end-to-end manufacturing solutions, including mold design, tooling, machining, finishing, and assembly.

Over the years, Indo-MIM has diversified beyond MIM by adding advanced manufacturing capabilities such as investment casting, precision machining, ceramic injection molding, and 3D metal printing. Its products cater to a wide range of industries, including automotive, aerospace, defence, medical devices, and consumer goods.

During FY26, the company manufactured more than 6,400 products, underscoring its diversified product portfolio and engineering expertise.

Financial Performance

Indo-MIM reported a strong financial performance in FY26, driven by robust growth in both revenue and profitability.

Total income increased 28.1% year-on-year to Rs 4,320.70 crore, compared with Rs 3,373.97 crore in FY25.
Profit after tax (PAT) rose 25.9% to Rs 533.54 crore, up from Rs 423.73 crore a year earlier.

The strong financial performance, coupled with overwhelming subscription and a healthy grey market premium, has heightened investor expectations for a robust market debut.

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