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The Economic Times
The Economic Times
Ritesh Presswala

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

INDO IPO Grey Market Premium BSE INDOMIM NSE MUFG Intime India Stock Market

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.

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