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The Economic Times
The Economic Times
Ritesh Presswala

Indo-MIM IPO opens tomorrow; GMP signals 37% listing premium. Check price band, dates and key details

INDO IPO GMP INDOMIM Grey Market Premium United States SBI Securities

Indo-MIM Ltd.'s Rs 3,811-crore initial public offering (IPO) will open for public subscription on Thursday, July 23, amid robust grey market sentiment. The IPO is attracting strong investor interest ahead of its launch, with the Grey Market Premium (GMP) hovering around Rs 178, indicating a premium of 36.7% over the upper end of the price band.

Based on the prevailing GMP, the company's shares are expected to list at around Rs 663 apiece, compared with the upper issue price of Rs 485. However, investors should note that the grey market is unofficial and GMP is only an indicator of market sentiment, not a guarantee of listing gains.

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