Indo-MIM IPO, July 21 -- The initial public offering (IPO) of precision engineering components manufacturer, Indo-MIM, is set to open for public subscription on Thursday, 23 July, and will remain open until Monday, 27 July. The book build issue, with a price band of Rs.461 to Rs.485 per share, combines a fresh issue and an offer for sale (OFS).

Ahead of the issue launch, the grey market appears to be upbeat about the stock, as the grey market premium (GMP) of Indo-MIM shares on Tuesday morning was Rs.202, suggesting the stock could list at a nearly 42% premium over the issue price of Rs.485.

As the issue is scheduled to conclude on Monday, share allotment is expected to be finalised on the next business day on Tuesday, 28 July. Indo-MIM...