Indo-MIM's IPO witnessed strong demand on the final day of bidding, with the issue subscribed 7.59 times by late morning on July 27. Robust participation from NII, QIB and retail investors reflects broad-based interest ahead of the July 30 listing.
Indo-MIM's IPO has entered its third and final day of bidding on July 27, 2026, and demand has turned red hot. 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. Part of the money raised funds the business, mainly to repay borrowings, while 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 3 Subscription Status
Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 3
The final day has seen a massive surge in bidding, with the issue now several times oversubscribed.
| Category | Subscription (Day 3) |
| Qualified Institutional Buyers (QIB) | 1.11x |
| Non-Institutional Investors (NII) | 8.44x |
| Retail Individual Investors (RII) | 1.89x |
| Overall | 7.59x |
Figures as of 11:27 AM, July 27, 2026 (Day 3, closing day). The issue closes this evening, and numbers will keep climbing till the window shuts, with some trackers already showing the overall figure past 7.5x.
What Day 3 Numbers Indicate
The NII category has exploded to 8.44x, a huge jump from Day 2's already-strong 5.10x. This is classic last-day behaviour, big HNI money funded through NBFC loans typically piles in during the final hours once investors are confident about listing gains, and that's exactly what's playing out here.
QIB has finally crossed the 1x mark, now at 1.11x, up from just 0.31x on Day 2. Institutional bids traditionally land late, and this confirms mutual funds and FIIs have shown up in force on the closing day.
Retail is holding steady at 1.89x, comfortably oversubscribed, which means retail allotment will be decided purely by lottery.
With the overall subscription already at 7.59x by late morning and climbing, this IPO has turned into one of the stronger mainboard listings of the current batch.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
| Day 1 | 1.05x |
| Day 2 | 1.85x |
| Day 3 (Final, as of 11:27 AM) | 7.59x |
The jump from 1.85x to past 7x within hours of Day 3 opening shows just how much institutional and HNI demand was held back for the final stretch.
INDO-MIM IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | July 28, 2026 |
| Refund Initiation | July 29, 2026 |
| Shares Credited to Demat | July 29, 2026 |
| Listing Date | July 30, 2026 |
Should You Apply for INDO-MIM IPO?
Some points worth weighing on the last day:
- 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, including debt repayment, rather than going entirely to shareholders exiting.
- Grey market premium has climbed to around ₹185 to ₹196 as of July 27, suggesting a listing gain of roughly 38% to 40% over the upper band. This is the highest GMP has been through the entire bidding window. GMP is unofficial and can shift before listing, so treat it as sentiment, not a promise.
- Retail is oversubscribed at 1.89x, so allotment there will run through a lottery.
- With NII past 8x and QIB now oversubscribed too, this issue has closed strong across every category, a good sign of broad-based demand rather than just one segment driving the numbers.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
How to Apply for INDO-MIM IPO
You can apply through any of these routes:
- 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.
- 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.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Since this is the closing day, get your application in well before the cut-off time this evening. Bid in multiples of the 30-share lot, and apply at the cut-off price to keep your allotment chances intact.
INDO-MIM IPO Important Dates
| Event | Date |
| IPO Open Date | July 23, 2026 |
| IPO Close Date | July 27, 2026 |
| Anchor Investor Bid Date | July 22, 2026 |
| Basis of Allotment | July 28, 2026 |
| Refunds Initiated | July 29, 2026 |
| Demat Credit | July 29, 2026 |
| Listing Date | July 30, 2026 |
Day 2 & Day 3 Subscription Updates
Day 2 closed at 3.07x overall (QIB 1.11x, NII 8.44x, retail 1.89x, as per the 5:00 PM data). Day 3, the final day, has already touched 7.59x by late morning with GMP hitting its highest point yet at ₹196. Final closing figures will be updated once bidding wraps up this evening.
How to Check INDO-MIM IPO Subscription Status
How to check INDO-MIM IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Indo-MIM Limited from the dropdown.
- You'll see category-wise bid numbers updated through the trading day.
How to check INDO-MIM IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Indo-MIM Limited under active issues.
- 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 at 1.05x overall, with NII leading at around 2.9x, retail at 0.84x, and QIB at just 0.01x. Day 2 climbed sharply to 3.07x, with NII crossing 8x, retail past 1x, and QIB finally moving to 1.11x.
Final Subscription Figures
Final numbers will only be available once bidding closes this evening, July 27, 2026. Check back after the window shuts for the complete category-wise final tally.
Conclusion
Indo-MIM's IPO has closed out its bidding window in dramatic fashion, jumping from 1.85x on Day 2 to past 7.5x within hours of Day 3 opening. NII demand past 8x, QIB finally oversubscribed at 1.11x, and retail steady at 1.89x all point to strong, broad-based investor confidence. With GMP hitting its highest level yet at ₹196, this has turned into one of the standout mainboard IPOs of the current cycle heading into its listing on July 30.
