Mumbai, July 28 -- The initial public offer (IPO) of Indo-MIM received bids for 3,98,55,10,020 shares as against 5,50,93,201 shares on offer. The issue was subscribed 72.34 times.

The issue opened for bidding on Thursday (23 July 2026) and it closed on Monday (27 July 2026). The price band of the IPO was fixed between Rs 461 to Rs 485 per share.

Qualified institutional buyers (QIBs) led the subscription, bidding 204.34 times their allotted quota. The non-institutional investors (NIIs) segment was subscribed 50.63 times, while the retail individual investors (RIIs) and employees' portions were subscribed 6.67 times and 9.44 times, respectively.

The offer comprised a fresh issue of equity shares aggregating upto Rs 500 crore and the offe...