Indo-MIM IPO Day 2, July 24 -- The Indo-MIM IPO opened for public subscription on July 23 and will remain open until July 27. The company has set the price band at Rs.461-485 per equity share.

The public offering is sized at Rs.3,811 crore and consists of a combination of a fresh issue and an offer for sale (OFS). The fresh issue comprises 1.03 crore equity shares worth Rs.499.10 crore, while the OFS consists of 6.83 crore equity shares aggregating to Rs.3,311.21 crore.

The basis of allotment is expected to be finalised on July 28. Successful applicants are likely to receive shares in their demat accounts on July 29, while refunds for unsuccessful bidders are also expected to be processed the same day. The company's shares are scheduled...