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Subscription Status · Jul 23 – Jul 27, 2026 · ₹461–485
The Indo-MIM IPO subscription has recorded exceptional investor demand with an overall subscription of 72.37× as of Jul 27, 2026, indicating that investors applied for 72.37 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jul 27, 2026, 5:30 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
15,674,494 | 3,204,897,090 |
204.47×
|
|
NII
Non-Institutional Investors
|
11,760,045 | 595,565,520 |
50.64×
|
|
bNII
Bids above ₹10L
|
7,840,030 | 452,325,030 |
57.69×
|
|
sNII
Bids below ₹10L
|
3,920,015 | 143,240,490 |
36.54×
|
|
Retail
Retail Individual Investors
|
27,440,105 | 183,447,000 |
6.69×
|
|
Employees
Employee Category
|
200,000 | 1,887,720 |
9.44×
|
|
Total
|
55,074,644 | 3,985,797,330 |
72.37×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 15,674,494 | 2,808,870 | 0.18× |
| NII | 11,760,045 | 35,609,280 | 3.03× |
| bNII | 7,840,030 | 21,588,750 | 2.75× |
| sNII | 3,920,015 | 14,020,530 | 3.58× |
| Retail | 27,440,105 | 23,722,140 | 0.86× |
| Employees | 200,000 | 298,110 | 1.49× |
| Total | 55,074,644 | 62,438,400 | 1.13× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 15,674,494 | 17,406,720 | 1.11× |
| NII | 11,760,045 | 99,317,220 | 8.45× |
| bNII | 7,840,030 | 64,800,840 | 8.27× |
| sNII | 3,920,015 | 34,516,380 | 8.81× |
| Retail | 27,440,105 | 52,158,090 | 1.90× |
| Employees | 200,000 | 605,010 | 3.03× |
| Total | 55,074,644 | 169,487,040 | 3.08× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 15,674,494 | 3,204,897,090 | 204.47× |
| NII | 11,760,045 | 595,565,520 | 50.64× |
| bNII | 7,840,030 | 452,325,030 | 57.69× |
| sNII | 3,920,015 | 143,240,490 | 36.54× |
| Retail | 27,440,105 | 183,447,000 | 6.69× |
| Employees | 200,000 | 1,887,720 | 9.44× |
| Total | 55,074,644 | 3,985,797,330 | 72.37× |
As of July 27, 2026, the Indo-MIM IPO has been subscribed 72.37 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Indo-MIM IPO subscription window was open from July 23, 2026 to July 27, 2026. Investors could apply through their demat account or ASBA facility.
The Indo-MIM IPO has a price band of ₹461 to ₹485 per share, with a lot size of 30 shares. Minimum retail investment: ₹13,830 (lower band) or ₹14,550 (upper band).
The QIB category has been subscribed 204.47 times. QIBs were offered 15,674,494 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 6.69 times. Retail was offered 27,440,105 shares.
Overall NII: 50.64×. bNII (>₹10L): 57.69×, sNII (<₹10L): 36.54×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on July 28, 2026. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Indo-MIM IPO is expected to list on July 30, 2026. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 72.37× means investors have bid for 72.37 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 6.69×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Indo-MIM IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jul 23 to Jul 27, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Indo-MIM IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jul 23, 2026Subscription Closes Done
Jul 27, 2026Basis of Allotment Done
Jul 28, 2026Listing on NSE,BSE Done
Jul 30, 2026Better odds than heavily subscribed IPOs. Based on retail subscription of 6.69×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
