Indo-MIM made a stellar stock market debut on Thursday, with its shares listing nearly 45% above the IPO price, delivering hefty gains to investors. Despite the strong debut, market experts advise caution, citing the possibility of near-term profit booking as the sharp rally has pushed valuations to premium levels. While the company's long-term growth prospects remain intact, they believe the scope for immediate upside may be limited.
The stock opened at Rs 703 on the BSE and Rs 700 on the NSE, compared with its issue price of Rs 485 per share — translating into a premium of around 44.95%. The impressive debut reflected strong investor confidence, particularly from institutional buyers, and highlighted the company’s strong position in the global Metal Injection Moulding (MIM) industry.
