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The Latest Breaking News from INDO

Indo-MIM shares extend rally, surge 60% above IPO price in two trading sessions

Indo-MIM shares extended their post-listing rally on Friday, rising nearly 5% to Rs 776.90 and climbing over 60% above the Rs 485 IPO price in two sessions. Analysts at Swastika Investmart recommend partial profit booking while advising long-term holders to maintain a stop-loss in the Rs 595-600 range.

The Economic Times

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

The basis of allotment for the Indo-MIM IPO is expected to be finalized today, with the stock set to list on July 30. Following a strong subscription of 72.34 times, the grey market premium stands at 39%, reflecting significant investor interest ahead of the company's stock market debut.

The Economic Times

Indo-MIM IPO closes with over 72x subscription on Day 3, QIB portion booked 204x; GMP at 39%

Indo-MIM’s Rs 3,811.21 crore IPO received strong investor response on the final day of bidding. The shares are also trading at a grey market premium of around Rs 190, indicating a potential 39% listing gain over the upper price band, boosting investor interest ahead of the IPO closure.

The Economic Times

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Indo-MIM IPO: Issue booked 1.4x on Day 2; Check GMP, dates, other key details

Indo-MIM's Rs 3,811-crore IPO was subscribed 1.40 times on day two, driven by NIIs at 3.85 times, with retail fully covered and QIBs yet to bid meaningfully. The MIM component maker is priced at Rs 461-485; the issue closes July 27 and lists July 30.

The Economic Times

Indo-MIM IPO: Issue booked 53% so far on Day 1 as NIIs drive demand; GMP at 38%

Based on the current GMP, the company's shares are estimated to list at around Rs 670 per share, 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 investor sentiment, not a guarantee of…

The Economic Times

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

Indo-MIM’s Rs 3,811-crore IPO opens on July 23 with a strong grey market premium of about 37%. The precision engineering manufacturer plans to repay debt using fresh issue proceeds, while analysts highlight its global MIM leadership, diversified operations, and robust financial growth supporting long-term prospects.

The Economic Times

How MTech alumnus’ gift turned into Rs 112 crore IPO jackpot for IIT Madras

A share gift from Indo-MIM founder and IIT Madras alumnus Krishna Chivukula is set to generate a Rs 112 crore windfall for the institute through the company's IPO. IIT Madras will sell half its gifted stake via the OFS while retaining the remaining shares, preserving upside after the listing.

The Economic Times

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The 'Indo' exit: Pentagon's PACOM reset raises questions about India's place in Trump's Asia calculus

Washington's decision to rename the US Indo-Pacific Command back to Pacific Command has sparked debate over India's strategic importance. Despite assurances from President Trump, analysts view the move as a symbolic downgrading, occurring amidst existing bilateral friction and concerns about US policy in Asia.

The Economic Times

Trump admin removes ‘Indo’ from 'US Indo-Pacific Command', shows wrong map of India on its command website

NEW DELHI: Reversing its eight-year-old decision, the US administration has gone back to the old name of ‘US Indo-Pacific Command’ by removing ‘Indo’ from the name. The Trump administration has reverted the name to just ‘US Pacific Command, which is both the oldest and the largest of the US's unified…

The Times of India

Indonesia Energy (INDO) Stock Soars Amid Middle East Tensions, Oil Disruption Fears

Indonesia Energy Corp Ltd (NYSE:INDO) shares are surging 35% to $6.85 Monday morning, fueled by escalating geopolitical turmoil in the Middle East and mounting concerns over global oil supply disruptions.

Benzinga

Red Indo Kratom

If you're familiar with kratom, you're likely to have come across Red Indo Kratom , particularly if you shop with a reputable vendor such as Jack Botanicals . Red Indo is a popular strain, but many users still find themselves wondering whether they ...

USA Today Sports Media Group

What's Going On With Indonesia Energy Corporation Shares Rising Today?

Indonesia Energy Corp Ltd (NASDAQ: INDO) shares are trading higher by 12.42% to $8.69 on above-average volume. Shares of energy companies at large are trading higher amid strength in oil prices.

Benzinga

Imperial Petroleum vs. Indonesia Energy: Which Oil & Gas Stock is a Better Buy?

Today I'll analyze and compare Imperial Petroleum (IMPP) and Indonesia Energy Corporation Ltd. (INDO) to determine which oil & gas stock is a better buy.

StockNews.com

Is Indonesia Energy Corp. a Good Oil Extraction Stock to Own?

Indonesia Energy’s (INDO) shares have rallied so far this year, fueled by industry tailwinds. The stock is up more than 380% in price this year. However, the company’s weak bottom line and negative profit margins are concerning. So, is it wise to add INDO to one’s portfolio now? Read on.

StockNews.com

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Benzinga

5 Short Squeeze Candidate To Watch: Aridis Pharmaceuticals Tops List, EVgo, Indonesia Energy Corp And More

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.

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