New Delhi, July 23 -- The initial public offering (IPO) of Indo-MIM witnessed strong demand from both retail and non-institutional investors on its opening day of bidding on July 23.

The IPO, which will remain open for subscription until July 27, received bids for 6.29 crore shares against the 4.45 crore shares on offer, resulting in an overall subscription of 1.41 times by the end of Day 1, according to exchange data.

Among the investor categories, the non-institutional investors (NII) segment attracted the highest interest, getting subscribed 3.04 times, followed by the retail investor portion at 0.88 times. The qualified institutional buyers (QIB) category was subscribed 0.18 times.

The Indo-MIM IPO comprises a fresh issue of equity...