Indo-MIM IPO Subscription Status Day 3: Issue Closes Booked 31.04x, QIB Leads Final Tally at 65.69x
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Indo-MIM IPO Subscription Status: the issue closed subscribed 31.04 times, with QIB leading at 65.69 times, NII at 44.65 times and retail at 5.59 times, as of 2:30 pm on July 27, according to the latest bidding data.
The initial public offering of Indo-MIM Ltd closed subscribed 31.04 times as of 2:30 pm on July 27, the final day of bidding, according to the latest data. The qualified institutional buyer (QIB) category led the charge at 65.69 times, followed by non-institutional investors at 44.65 times and retail individual investors at 5.59 times.
Indo-MIM IPO Subscription Status Day 3
Day | QIB | Retail | NII | Employee | Total |
|---|---|---|---|---|---|
Day 3 | 65.69x | 5.59x | 44.65x | To be updated | 31.04x |
Indo-MIM IPO Subscription Status
Day | QIB | Retail | NII | Employee | Total |
|---|---|---|---|---|---|
Day 1 | 0.18x | 0.88x | 3.05x | 1.52x | 0.80x |
Day 2 | 0.25x | 1.12x | 4.08x | 1.87x | 1.51x |
Day 3 | 65.69x | 5.59x | 44.65x | To be updated | 31.04x |
Indo-MIM IPO Subscription Rate
Category | Subscription Rate |
|---|---|
QIB | 65.69x |
Retail | 5.59x |
NII | 44.65x |
Employee | To be updated |
Total | 31.04x |
Book Running Lead Managers
HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets are the book-running lead managers to the Indo-MIM IPO, while MUFG Intime India Private Ltd is serving as the registrar to the issue.
Conclusion
With one bidding day remaining before the Indo-MIM IPO closes on July 27, NII demand has driven the bulk of the momentum, while QIB interest still the slowest-moving category will be watched closely heading into the final day. The basis of allotment is tentatively expected on July 28, ahead of a proposed listing on BSE and NSE on July 30.
Also Read - CSB Bank Q1 FY27 Results: Net Profit Climbs 27% YoY To ₹150 Crore As Provisions Ease
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
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