Indo-MIM share price: Stock lists at 44% premium on NSE; here's how much investors made per lot

The stock listed at ₹700 per equity share on the NSE, reflecting a premium of 44.33% over the IPO issue price of ₹485 per share.

On the BSE, it started trading at ₹703 apiece, up 44.95% from the issue price.

Indo-MIM share price: Here's how much investors made per lot

The initial public offering was subscribed 72.34 times during the three-day subscription window. It mobilised bids for 3,98,55,10,020 shares as against 5,50,93,201 shares on offer, as per the NSE data.

The quota for qualified institutional buyers (QIBs) secured a massive 204.34 times subscription, while the category for non-institutional investors (NIIs) attracted 50.63 times subscription. The retail individual investors' portion was booked 6.67 times.

The ₹3,811.21 crore initial share sale consisted of a fresh issuance of shares aggregating to ₹500 crore and an offer-for-sale of ₹3,311.21 crore by existing investors.

Funds to the tune of ₹400 crore from the fresh issue proceeds will be utilised towards debt clearance. The remaining amount will be used for corporate general purposes.

Before the IPO, the company raised ₹1,140.99 crore from anchor investors, including Amansa Holdings, Government Pension Fund Global, BlackRock Global Funds, Natixis International Fund, Societe Generale, Goldman Sachs, ICICI Prudential AMC, HDFC Mutual Fund (MF), SBI Mutual Fund, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, Axis MF and HSBC MF, among others.

Indo MIM Ltd, incorporated in 1996, is a key player in manufacturing precision engineering components using metal injection moulding (MIM) technology. It provides end-to-end manufacturing solutions like mould design, tooling, finishing and assembly.