Shares opened at ₹703, up 45% from ₹485 IPO price, later hit ₹725.80. IPO subscribed 72x. Analyst advises partial profit booking with stop-loss at ₹595-600.
Alpha Score of 55 reflects moderate overall profile with moderate momentum, weak value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
Indo-MIM Ltd shares opened at ₹703 on the BSE and ₹700 on the NSE, a premium of 44-45% over the IPO price of ₹485. The stock later hit an intraday high of ₹725.80.
The IPO was subscribed 72.34 times overall. Qualified institutional buyers bid 204.34 times their portion, and non-institutional investors 50.63 times. Retail investors subscribed 6.67 times.
Ahead of the listing, the company raised about ₹1,141 crore from anchor investors. The issue comprised a fresh issue of up to ₹500 crore and an offer for sale of roughly 6.83 crore shares from existing holders. Indo-MIM plans to use ₹400 crore of the fresh proceeds to repay outstanding borrowings, with the rest for general corporate purposes.
Shivani Nyati, Head of Wealth at Swastika Investmart, said the stock is trading well above fair value based on FY26 price-to-earnings multiples after the sharp listing gains. She expects near-term profit booking and advised investors to book partial profits at current levels. For the remaining holdings, she recommended a stop-loss in the ₹595-600 range to protect listing gains while allowing for volatility.
Indo-MIM is a metal injection moulding company that supplies precision components to industries including automotive, medical devices, and aerospace.
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