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The Latest Breaking News from MIM

Sunil Singhania-backed Abakkus Small Cap Fund adds Indo-MIM and 2 others, exits Bank of Baroda and Cyient DLM

Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.

The Economic Times

Indo MIM shares surge 10%, extend gains to 82% over issue price. Should investors book profits?

Indo-MIM's shares skyrocketed by 82%, surpassing their original IPO price, with robust interest from investors and a firm market position. The company reported impressive financial growth in FY26, with both revenue and profitability on the rise. As a premier global manufacturer, Indo-MIM specializes in precision engineering components through MIM technology,…

The Economic Times

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

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Indo-MIM shares list at 45% premium. Should investors book profits or stay invested?

Indo-MIM shares debuted at nearly a 45% premium over the IPO price, delivering strong listing gains to investors. While experts remain positive about the company's long-term growth prospects, they recommend partial profit-booking after the sharp rally, citing rich valuations and the possibility of near-term consolidation.

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

Indo-MIM IPO Day 3: GMP signals 39% listing gain, issue subscribed over 3x. What are brokerages saying?

Indo-MIM IPO GMP: Indo-MIM's Rs 3,811 crore IPO is in its final bidding day with robust demand. The IPO has been subscribed 3.07 times by the close of day two. Retail investors showed 1.89 times subscription, while NIIs emerged strongest at 8.44 times. The company plans to use Rs 400…

The Economic Times

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

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BlackRock, Prashant Jain-backed 3P India among others invest in Indo MIM IPO anchor book of Rs 1,141 crore

Indo MIM has raised Rs 1,141 crore from anchor investors ahead of its Rs 3,811 crore IPO, drawing participation from global institutions including BlackRock and domestic investors such as Prashant Jain-backed 3P India. More than half of the anchor allocation went to domestic mutual funds, reflecting strong institutional interest in…

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

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

Indo MIM's Rs 3,812 cr IPO to open on July 23; price band set at Rs 461-485

Indo MIM Ltd announced its Initial Public Offering, which opens for subscription on July twenty-third. The precision engineering components maker fixed a price band of Rs 461 to Rs 485 per share. This public issue comprises a fresh issue of equity shares and an Offer For Sale. The company plans…

The Economic Times

‘Disproportionate representation’: Ahead of Maharashtra polls, signs of Muslim anger against MVA

Mujahid Khan may be a backroom man in Maharashtra’s high-stakes political battle. But his role in rallying the Muslim vote behind the Maha Vikas Aghadi in certain areas – as a 52-year-old secretary of the Maharashtra Pradesh Congress Committee – was recognised during the Lok Sabha poll campaign.

Newslaundry

Revealed: how a US far-right group is influencing anti-gay policies in Africa

US anti-pornography campaigning group has advised, promoted and endorsed anti-LGBTQ+ activists and politicians in Uganda

The Guardian - US

Let the ‘Kite’ fly in Hyderabad, oust BJP: Asaduddin Owaisi

The Hindu

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The Hindu

Congress-MIM ‘wicked’ plan to ensure Asaduddin Owaisi’s victory: Kishan Reddy

The Hindu

Several leaders join Congress

HYDERABAD: Congress gains momentum as MIM members and BJP leader join.

The Hindu

Cheating case booked against HC advocate and MIM MLA

The Hindu

New MLA’s remark triggers heated discussion in Assembly

Heated discussion over political alliances between AIMIM floor leader Akbaruddin Owaisi & Congress MLA K. Satyanarayana, Chief Minister intervenes.

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The Hindu

White paper on Telangana’s finances hides more than what it reveals: Akbaruddin

AIMIM's Akbaruddin Owaisi debates Telangana's lopsided budget estimates & expenditure mentioned in the white paper on the Telangana’s finances, tabled in the State Assembly.

The Hindu

Will not hesitate to point out omissions, commissions while playing constructive opposition: Akbaruddin Owaisi

MIM MLA Akbaruddin Owaisi raises issues of Urdu, Charminar pedestrianisation, Old City development, Muslim welfare & more in Hyderabad Assembly.

The Hindu

BJP makes infuses ‘communal tone’ into the oath-taking ceremony in Telangana

BJP refuses to take oath from Pro-tem Speaker Akaburuddin Owaisi, alleging Congress is appeasing MIM. BJP MLAs stay away from ceremony, citing Owaisi's ineligibility & past abuse of Hindu gods. BJP writes to Governor requesting to set aside nomination & withhold process of electing Speaker. Congress names Prasad Kumar as…

The Hindu

Nine-and-a-half year wait ends for Congress in Telangana

Congress will have to deliver on its promises to retain the trust of the people. Congress victory in Telangana is a shot in the arm for the party.

The Hindu

Exit polls hint at Congress win in TS

Exit polls suggest Congress party likely to come to power in Telangana, relegating ruling BRS to second place. BJP relegated to third with single digit seats, MIM failing to retain 2018 seats. Most agencies give Congress 51-56 seats, BRS 41-55, BJP 7-10, MIM 5-7. Minister K.T. Rama Rao says 2018…

The Hindu

KCR should know Indira Gandhi distributed 25 lakh acres of land to poor and provided food to people: Revanth

Congress leader Revanth Reddy criticizes KCR for insulting Indira Gandhi's rule. He highlights Congress' achievements of distributing 25 lakh acres of land, giving podu lands to STs, constructing irrigation projects and providing reservations to women in local bodies. He urges people to boycott defectors like Sunitha Lakshma Reddy and Danam…

The Hindu

BRS, BJP and MIM are moving in sync like in ‘Naatu Naatu’ dance: Priyanka

Congress, BRS, AIMIM combine dancing together to deny association: Priyanka Gandhi. She urges people to realise the bond between the parties and vote for change to get jobs.

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