New Delhi, July 28 -- Precision engineering components maker Indo-MIM Ltd is expected to finalise the basis of allotment for its Rs.3,811-crore initial public offering (IPO) today, July 28, following overwhelming investor interest during the three-day bidding window. Applicants are likely to receive allotment updates today, while successful bidders may also receive bank debit notifications.

The IPO closed with an overall subscription of 72.37x, attracting bids for 3,98,58,76,230 shares against 5,50,74,644 shares on offer. The qualified institutional buyers (QIB) segment emerged as the biggest driver of demand, subscribing 204.47x on the final day. The non-institutional investor (NII) portion was booked 50.65x, while the retail investors'...