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The Economic Times
The Economic Times
Business
Ritesh Presswala

Indo-MIM shares list at 45% premium over IPO price

IPO INDOMIM

In a solid stock market debut, shares of Indo-MIM listed at 44.95% premium over the IPO price on Thursday. The stock opened at Rs 703 and Rs 700 on the BSE and NSE, respectively, as compared to its issue price of Rs 485.

The Rs 3,811.21 crore public issue was priced at Rs 485 per share and comprised a fresh issue of Rs 499.10 crore along with an offer for sale (OFS) of Rs 3,311.21 crore. Before the IPO, the company also secured Rs 1,140.99 crore from anchor investors.

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