Indo-MIM IPO Closes with 72.34x Subscription as QIBs Book Issue 204.47 Times

Indo-MIM Limited's ₹3,811.21 crore initial public offering (IPO) was subscribed 72.34 times by the close of Day 3 (July 27, 2026), according to consolidated NSE and BSE data. The issue witnessed overwhelming demand across all investor categories, led by Qualified Institutional Buyers (QIBs), who placed strong bids on the final day. The IPO received bids for 398.40 crore shares against 5.51 crore shares on offer, reflecting robust investor confidence.

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Subscription Status of Indo-MIM IPO

Here are the subscription details for Indo-MIM IPO Day 3, as of 5:24 PM:

Key Highlights – Day 3

• Overall subscription stood at 72.34 times by the close of Day 3 (July 27, 2026), with the IPO attracting exceptionally strong demand across all investor categories.
• Qualified Institutional Buyers (Ex-Anchor) led the subscription at 204.47 times, reflecting massive institutional participation on the final day.
• Non-Institutional Investors (NIIs) subscribed 50.63 times, indicating robust interest from high-net-worth investors.
• Retail investors subscribed 6.63 times, demonstrating healthy participation from individual investors.
• The employee category was subscribed 9.39 times.
• Anchor investors had already fully subscribed their allocation of 2,35,25,656 shares, amounting to ₹1,140.99 crore across 92 investors, ahead of the IPO opening.

Key Highlights – Day 2

• Overall subscription stood at 1.70 times so far on Day 2 (July 24, 2026), keeping the issue comfortably above full subscription with the final bidding day still to go.
• Non-Institutional Investors led the demand at 4.64 times, emerging as the most active category. Within this segment, smaller NIIs bidding up to ₹10 lakh were stronger at 5.22 times, while bigger NIIs bidding above ₹10 lakh were at 4.35 times.
• Retail investors subscribed 1.27 times, reflecting steady participation from individual investors.
• Qualified Institutional Buyers (Ex-Anchor) subscribed 0.25 times, with institutional demand typically strengthening on the closing day of an issue. The employee category was subscribed 2.11 times.
• Anchor investors had already fully subscribed their allocation of 2,35,25,656 shares, amounting to ₹1,140.99 crore across 92 investors, ahead of the IPO opening.

Key Highlights – Day 1

• Overall subscription stood at 1.13 times on Day 1 (July 23, 2026), indicating a fully subscribed issue on the opening day of the Indo-MIM IPO.
• Qualified Institutional Buyers (Ex-Anchor) subscribed 0.18 times, bidding for 28.09 lakh shares worth approximately ₹136.23 crore.
• Non-Institutional Investors (NIIs) emerged as the strongest segment, subscribing 3.03 times with bids for 3.56 crore shares valued at around ₹1,727.39 crore.
• Retail Individual Investors (RIIs) subscribed 0.87 times, bidding for 2.37 crore shares worth approximately ₹1,151.24 crore, while the employee portion was subscribed 1.49 times.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 2.35 crore shares allotted, providing a strong institutional base ahead of the public subscription.
• Overall, investors bid for 6.25 crore shares against 5.51 crore shares available in the public issue, resulting in an overall subscription of 1.13x.

About Indo-MIM Limited

Indo-MIM manufactures precision-engineered components using metal injection moulding (MIM) technology and provides end-to-end capabilities spanning mould design, tooling, finishing, and assembly. In addition to MIM, the company utilises technologies such as investment casting, precision machining, ceramic injection moulding, and 3D metal printing to cater to a range of industries. During FY2025, it manufactured over 6,400 products for sectors including automotive, defence, medical, consumer, and aerospace.