Indo-MIM IPO Subscription Status Day 2 – Live Updates & Key Details

Indo-MIM's IPO was subscribed 1.85x by Day 2, led by strong demand from NII investors at 5.10x and retail investors at 1.34x. While QIB participation remained low at 0.31x, the issue has already entered oversubscribed territory ahead of its July 27 closing.

Indo-MIM's IPO is now in its second day of bidding, and the numbers are moving fast. The issue opened July 23, 2026, and will run till July 27. The Bangalore-based company is a global player in Metal Injection Moulding technology, making precision components for automotive, defence, medical, consumer, and aerospace industries since 1996.

This is a ₹3,811.21 crore issue, made up of a ₹499.10 crore fresh issue and a ₹3,311.21 crore offer for sale. So part of the money raised goes into the company, and the rest goes to selling shareholders.

Price band remains ₹461 to ₹485 per share, lot size 30 shares. Retail investors need ₹14,550 to apply at the upper band. Listing is expected July 30 on both BSE and NSE.

INDO-MIM IPO - Day 2 Subscription Status

Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 2

The issue has moved well past full subscription on Day 2, with NII demand doing most of the heavy lifting.

Figures as of 3:00 PM, July 24, 2026 (Day 2). Numbers keep climbing through the day, so treat this as a live snapshot.

What Day 2 Numbers Indicate

NII has gone from strong to extremely strong, now sitting past 5x. This is being driven by big HNI money piling in early, unusual for a large issue this size, and it signals real conviction about listing gains. Retail has also crossed full subscription, now at 1.34x, meaning retail allotment will run through a lottery.

QIB remains the laggard at 0.31x. This is completely normal, institutional investors, mutual funds, and FIIs typically place the bulk of their bids on the final day, once they've seen how the rest of the book fills up. Given the strength already visible in NII and retail, QIB numbers are expected to climb sharply as the close approaches.

Overall subscription at 1.85x on Day 2 itself puts this issue firmly in oversubscribed territory, with two more bidding days still to go.

Day-wise IPO Subscription Trend

The jump from 1.05x to 1.85x in a day shows strong momentum. Expect QIB to catch up fast once institutional bids start landing on the last day.

INDO-MIM IPO - Allotment and listing date

Should You Apply for INDO-MIM IPO?

Some points worth weighing before applying:

• The company is financially strong. FY26 total income rose 28.1% year-on-year to ₹4,320.70 crore, and profit after tax grew 25.9% to ₹533.54 crore.
• It's a mix of fresh issue and OFS, so part of the money raised actually funds the business rather than going entirely to shareholders exiting.
• Grey market premium is running hot, around ₹155 to ₹166 depending on the source, suggesting a listing gain of roughly 32% to 34% over the upper band. GMP is unofficial and can swing before listing, so treat it as a sentiment gauge, not a guarantee.
• Retail is already oversubscribed at 1.34x, meaning allotment there will be decided by lottery.
• NII demand past 5x is an unusually strong signal this early, worth watching alongside how QIB shapes up on the final day.

This is informational content, not investment advice. Base your decision on your own risk appetite.

How to Apply for INDO-MIM IPO

You can apply through any of these routes:

1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Indo-MIM, enter quantity and bid price, then authorise.
2. UPI via broker app – open your broker app (Ventura, Zerodha, Kotak Neo, etc.), find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Bid in multiples of the 30-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.

INDO-MIM IPO Important Dates

Day 2 & Day 3 Subscription Updates

Numbers will keep updating as Day 2 progresses and into Day 3. With NII already past 5x and retail oversubscribed, the main thing to track now is how fast QIB bids come in during the final one to two days, since that segment usually decides the overall closing number for large issues like this.

How to Check INDO-MIM IPO Subscription Status

How to check INDO-MIM IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select Indo-MIM Limited from the dropdown.
3. You'll see category-wise bid numbers updated through the trading day.

How to check INDO-MIM IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for Indo-MIM Limited under active issues.
3. Click through to view live bid quantity against shares reserved, broken down by category.

How to check Indo MIM IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Indo-MIM from the list of live issues. You'll see live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed 1.05 times overall. NII led at around 2.9x, retail followed at 0.84x, and QIB stood at just 0.01x.

Final Subscription Figures

Final numbers will only be available once the issue closes on July 27, 2026. Check back after bidding wraps up for the complete category-wise final tally.

Conclusion

Indo-MIM's IPO has picked up serious pace on Day 2, jumping from 1.05x to 1.85x in a single day. NII demand past 5x and retail crossing full subscription both point to strong investor appetite. QIB remains the one segment still catching up, and that's where all eyes should be as the issue heads into its final two days before closing on July 27.