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INDO-MIM IPO

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INDOMIM · · NSE

INDO-MIM Share Price Today

NSE · INDOMIM · 12 Oct close
₹1,227.00−14.00 (−1.13%)on 12 Oct
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IPO price₹485.00
Listing price₹700.00+44.3%
Since IPO+153.0%
Day range₹1,181.50 – ₹1,247.80

INDO-MIM share price is ₹1,227.00 at the 12 Oct close, +153.0% from the ₹485.00 IPO price. It listed at ₹700.00 on 30 Jul.

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Updated · GMP, subscription and listing data refresh through the day.

INDO-MIM IPO Details

RegistrarMUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Lead managersSBI Capital Markets Limited
Offer documentDraft (DRHP)
Fresh issue₹1,000 Cr
Offer for sale₹3,312 Cr
Market cap at the offer₹23,982 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (49,44,80,907 shares) multiplied by the upper end of the price band, ₹485. It is arithmetic on those two filed figures, not a valuation.

INDO-MIM Financials ₹ in crore

Revenue CAGR+20.9%2024 → 2026 · 2 yrs
Profit CAGR+37.1%2024 → 2026 · 2 yrs
Total assets CAGR+14.2%2024 → 2026 · 2 yrs
00%12505%250010%375015%500020%202420252026
₹ crore202420252026
Revenue₹2,870.4₹3,329.58₹4,192.98
Expenses———
Net profit (PAT)₹283.73₹423.73₹533.54
PAT margin9.9%12.7%12.7%
Total assets₹3,757.51₹4,140.84₹4,897.33

INDO-MIM Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
92.94%
Promoter
After the IPO
Post-issue · as filed 29-JUL-2026
77.65%
Promoter
Promoter & promoter groupafter the IPO
Holding77.65%
Shares38,39,67,265
Through the IPO-15.29% · exiting

The founding owners and their group entities.

Breakdown as filed
Individuals / HUF1.34%66,04,855

Post-issue pattern as filed with the NSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

INDO-MIM Anchor Investors largest allocation first

Anchor investors91named in the letter
Anchor book₹1,138.65 Crat ₹485 per share
Largest allocation4.38%ASHOKA WHITEOAK ICAV - ASH…
#Anchor investorShares% of book₹ Cr
1ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND10,30,9204.38%50.00
2ICICI PRUDENTIAL MANUFACTURING FUND9,48,4204.03%46.00
3360 ONE FLEXICAP FUND7,21,6503.07%35.00
4ARANDA INVESTMENTS PTE.LTD7,21,6203.07%35.00
5GOVERNMENT PENSION FUND GLOBAL7,21,6203.07%35.00
6GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA7,21,6203.07%35.00
7AMANSA HOLDINGS PRIVATE LIMITED7,21,6203.07%35.00
8BANDHAN SMALL CAP FUND5,17,1402.2%25.08
9MOTILAL OSWAL SMALL CAP FUND5,17,1402.2%25.08
10BLACKROCK GLOBAL FUNDS - INDIA FUND5,17,1402.2%25.08
11MIRAE ASSET FOCUSED FUND4,63,8901.97%22.50
12PINEBRIDGE GLOBAL FUNDS - PINEBRIDGE INDIA4,14,0301.76%20.08
13HDFC LIFE INSURANCE COMPANY LIMITED4,13,2501.76%20.04
14SBI MNC FUND4,12,3801.75%20.00
15ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE FLEXI CAP FUND4,12,3801.75%20.00
16ADITYA BIRLA SUN LIFE MUTUAL FUND-ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND4,12,3801.75%20.00
17360 ONE MULTI-STAGE DEFENCE & SPACE FUND4,12,3501.75%20.00
18DSP INDIA FUND IFSC4,12,3501.75%20.00
19ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED4,12,3501.75%20.00
20SBI LIFE INSURANCE CO LTD4,12,3501.75%20.00
21BAJAJ LIFE INSURANCE LIMITED4,12,3501.75%20.00
22SBI INFRASTRUCTURE FUND3,91,7401.67%19.00
23SBI QUALITY FUND3,91,7401.67%19.00
24HSBC MUTUAL FUND - HSBC SMALL CAP FUND3,76,1101.6%18.24
25ADITYA BIRLA SUN LIFE MUTUAL FUND-ADITYA BIRLA SUN LIFE MIDCAP FUND3,71,1301.58%18.00
26CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MID CAP FUND3,10,9801.32%15.08
27UTI - INFRASTRUCTURE FUND3,10,2901.32%15.05
28QUANT MUTUAL FUND QSIF EQUITY EX TOP 100 LONG-SHORT FUND3,10,2901.32%15.05
29NATIXIS INTERNATIONAL FUNDS (LUX) I -LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND3,09,2701.31%15.00
30HDFC MUTUAL FUND -HDFC DEFENCE FUND2,92,1101.24%14.17
31HDFC MUTUAL FUND -HDFC MULTI CAP FUND2,74,8901.17%13.33
32HDFC MUTUAL FUND -HDFC CHILDRENS FUND2,74,8901.17%13.33
33KEDAARA CAPITAL PUBLIC MARKETS IFSC FUND I2,68,0201.14%13.00
34TATA INFRASTRUCTURE FUND2,48,2201.06%12.04
35AXIS ELSS TAX SAVER FUND2,36,1001%11.45
36TATA RESOURCES & ENERGY FUND2,27,5500.97%11.04
37AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND2,16,7500.92%10.51
38EDELWEISS BUSINESS CYCLE FUND2,16,4800.92%10.50
39UTI MULTI CAP FUND2,06,8500.88%10.03
40QUANT MUTUAL FUND QSIF ACTIVE ASSET2,06,8500.88%10.03
41INVESCO INDIA INFRASTRUCTURE FUND2,06,8500.88%10.03
42INVESCO INDIA MANUFACTURING FUND2,06,8500.88%10.03
43KOTAK CONTRA FUND2,06,1900.88%10.00
44KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUND2,06,1900.88%10.00
45KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUND2,06,1900.88%10.00
46KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TRANSPORTATION & LOGISTICS FUND2,06,1900.88%10.00
47KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MNC FUND2,06,1900.88%10.00
48WHITEOAK CAPITAL INDIA OPPORTUNITIES FUND2,06,1900.88%10.00
49EAMC ICAV - ENAM INDIA OPPORTUNITIES FUND2,06,1900.88%10.00
50UNION LARGE & MIDCAP FUND2,06,1900.88%10.00
51KOTAK FUNDS-INDIA MIDCAP FUND2,06,1900.88%10.00
523P INDIA EQUITY FUND 2M2,06,1900.88%10.00
53FRANKLIN BUILD INDIA FUND2,06,1900.88%10.00
54MANULIFE GLOBAL FUND - INDIA EQUITY FUND2,06,1900.88%10.00
55ICICI LOMBARD GENERAL INSURANCE COMPANY LTD2,06,1900.88%10.00
56KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTURE IN INDIA FUND2,06,1600.88%10.00
57UNIFI BCAD FUND1,85,8580.79%9.01
58ISIF HYBRID LONG-SHORT FUND1,75,2600.74%8.50
59ISIF HYBRID LONG-SHORT FUND1,75,2600.74%8.50
60HSBC MUTUAL FUND - HSBC MULTI CAP FUND1,41,0300.6%6.84
61HDFC MUTUAL FUND -HDFC INNOVATION FUND1,20,3000.51%5.83
62SUMMIT EQUITY LONG-SHORT FUND1,03,4400.44%5.02
63EDELWEISS LIFE INSURANCE COMPANY LIMITED1,03,1480.44%5.00
64DYNASIF EQUITY EX-TOP 100 LONG-SHORT FUND1,03,1100.44%5.00
65LIC MF VALUE FUND1,03,1100.44%5.00
66PGIM INDIA TRUSTEE PRIVATE LIMITED A/C PGIM INDIA MULTI CAP FUND1,03,1100.44%5.00
67SPARK MIDAS INVESTMENT FUND I1,03,1100.44%5.00
68AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH FUND II1,03,1100.44%5.00
69CANARA HSBC LIFE INSURANCE CO LTD1,03,1100.44%5.00
70INDUSIND NIPPON LIFE INSURANCE CO LIMITED1,03,1100.44%5.00
71ABAKKUS SMALL CAP FUND1,03,1100.44%5.00
72EASTSPRING INVESTMENTS INDIA INFRASTRUCTURE EQUITY OPEN LIMITED1,03,1100.44%5.00
73TAKSH INDIA ENTERPRISING FUND1,03,1100.44%5.00
74CSIM INDIA OPPORTUNITIES FUND 11,03,1100.44%5.00
75SOCIETE GENERALE - ODI1,03,1100.44%5.00
76ALCHEMY EMERGING LEADERS OF TOMORROW- SERIES 21,03,1100.44%5.00
77AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND98,7300.42%4.79
78AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MULTICAP FUND77,0700.33%3.74
79MIRAE ASSET INFRASTRUCTURE FUND53,2500.23%2.58
80HDFC MUTUAL FUND -HDFC MNC FUND51,5400.22%2.50
81EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC - EDELWEISS RECENTLY LISTED IPO FUND51,5400.22%2.50
82TITANIUM EQUITY LONG-SHORT FUND41,3700.18%2.01
83ICICI PRUDENTIAL BALANCED HYBRID FUND41,2500.18%2.00
84ICICI PRUDENTIAL QUANT FUND41,2500.18%2.00
85SBI CHILDREN'S FUND - SAVINGS PLAN41,2500.18%2.00
86ADITYA BIRLA SUN LIFE MUTUAL FUND-APEX HYBRID LONG SHORT FUND41,2200.18%2.00
87AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INDIA MANUFACTURING FUND38,5200.16%1.87
88ISIF EQUITY LONG SHORT FUND30,9300.13%1.50
89AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BALANCED ADVANTAGE FUND28,8900.12%1.40
90AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MULTI ASSET16,8300.07%0.82
91AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INNOVATION FUND9,6300.04%0.47

Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter

INDO-MIM IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹485
Retail (min)1 lot30₹14,550
Retail (max)13 lots390₹1,89,150
sHNI (min)14 lots420₹2,03,700
bHNI (min)69 lots2,070₹10,03,950

One lot is 30 shares, so a single application at the ₹485 cut-off costs ₹14,550. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.

INDO-MIM IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
Global leadership in manufacturing precision engineering components using MIM technology.
Diverse customer base with long-standing relationships with Indian and global OEMs.
Diverse product portfolio catering to applications across multiple industries.
Backward integrated, dual-shore manufacturing capabilities with focus on efficiency.
Export driven player with extensive global distribution capability.
Experienced promoters and management team supported by large skilled employee base.
Track record of robust financial performance.
▼ Risk factors (8)
Significant portion of revenue derived from top 10 customers; loss of these customers could adversely affect business.
Lack of definitive customer agreements means customers can cancel orders, impacting business.
Reliance on suppliers for primary raw materials; supplier failure could disrupt manufacturing.
Importing a significant portion of raw materials exposes the company to global commodity price fluctuations and restrictions.
Shutdown or slowdown of manufacturing facilities could adversely affect business.
Concentration of manufacturing facilities in south India could be affected by regional adverse developments.
Business is dependent on exports and performance in global markets; adverse changes can impact business.
Pricing pressure from customers may adversely affect the ability to increase prices.

How to check INDO-MIM IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For INDO-MIM Limited, the registrar is MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) — allotment is finalised in the days between the issue closing on 27 Jul 2026 and listing on 30 Jul 2026.

RegistrarMUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
You will needPAN, application number or demat ID
Issue closes27 Jul 2026
Listing date30 Jul 2026
Issue opens
Thu, 23 Jul, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Mon, 27 Jul, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 28 Jul, 2026
By MUFG Intime India Private Limited (Formerly Link Intime India Private Limited); check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 29 Jul, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 30 Jul, 2026
NSE · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

INDO-MIM IPO FAQs

GMP

What is INDO-MIM IPO GMP today?

No current grey market premium reading is being quoted for the INDO-MIM Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Is INDO-MIM IPO GMP a guarantee of the listing price?

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

How often is INDO-MIM IPO GMP updated on alphave?

The premium is checked about every 20 minutes from third-party grey-market reporters while the issue is live. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

Subscription

How many times is INDO-MIM IPO subscribed?

As of 27 Jul, 7:05 pm the INDO-MIM Limited IPO is subscribed 72.34× overall: QIB 204.34×, non-institutional 50.63× and retail 6.67×. Figures are the exchange's consolidated demand across NSE and BSE.

What is the INDO-MIM IPO retail subscription status?

The retail portion is subscribed 6.67× as of 27 Jul, 7:05 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

How do I check INDO-MIM IPO subscription status?

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

How was INDO-MIM IPO subscribed day by day?

Overall subscription at the end of each bidding day — day 1 (23 July 2026): 1.13×, day 2 (24 July 2026): 3.07×, day 3 (27 July 2026): 72.34× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

What does 2× subscription mean?

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment

When is INDO-MIM IPO allotment date?

Allotment for the INDO-MIM Limited IPO is expected to be finalised on 28 July 2026, the trading day after the issue closes on 27 July 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 29 July 2026 and the shares list on 30 July 2026. Dates are tentative until the registrar and exchange confirm them.

How to check INDO-MIM IPO allotment status?

Allotment is decided and published by the registrar, MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

Who is the registrar of INDO-MIM IPO?

The registrar to the INDO-MIM Limited IPO is MUFG Intime India Private Limited (Formerly Link Intime India Private Limited). The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

What happens if I do not get allotment?

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Dates

When does INDO-MIM IPO open and close?

Bidding for the INDO-MIM Limited IPO opens on 23 July 2026 and closes on 27 July 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

What is the INDO-MIM IPO listing date?

The shares are scheduled to list on 30 July 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for INDO-MIM IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 23 July 2026 and 27 July 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹485); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for INDO-MIM IPO?

27 July 2026 is the last day of bidding. Allotment is then expected on 28 July 2026, refunds and demat credit on 29 July 2026, and listing on 30 July 2026 — tentative until confirmed.

Price & Lot

What is the price band of INDO-MIM IPO?

The INDO-MIM Limited IPO price band is ₹485 to ₹485 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of INDO-MIM IPO?

One lot is 30 shares, so a single application at the ₹485 cut-off costs ₹14,550. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

What is the minimum investment in INDO-MIM IPO?

₹14,550 — one lot of 30 shares at ₹485. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is INDO-MIM IPO a mainboard or SME issue, and on which exchange?

INDO-MIM Limited is a mainboard issue listing on NSE. The lead manager is SBI Capital Markets Limited.

What is the issue size of INDO-MIM IPO?

The issue size is ₹3,811.21 crore, of which ₹1,000 crore is a fresh issue and ₹3,312.11 crore an offer for sale by existing shareholders.

Financials

What is the revenue of INDO-MIM?

INDO-MIM Limited reported revenue of ₹4,192.98 crore in FY2026, as restated in its offer document. The table on this page shows each reported year.

Is INDO-MIM profitable?

INDO-MIM Limited reported a profit after tax of ₹533.54 crore in FY2026. Earlier years are in the table above.

Where do the INDO-MIM IPO financials come from?

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

Shareholding

What is the promoter holding in INDO-MIM after the IPO?

The promoter and promoter group hold 77.65% after the issue, down from 92.94% before it, as disclosed in the offer document and filed with the exchange.

What is the pre-IPO shareholding of INDO-MIM?

Before the issue the promoter and promoter group hold 92.94% of INDO-MIM Limited. An unlisted company has no public shareholders; the public holding is created by the shares sold in this IPO.

Where does the shareholding pattern come from?

The pre-issue register is the capital structure disclosed in the offer document; the post-issue pattern is the company's shareholding-pattern filing with NSE or BSE once it is published, and the offer document's disclosed post-issue register until then.

DRHP

Where can I read the INDO-MIM DRHP or RHP?

The offer document for the INDO-MIM Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

What are the strengths disclosed in the INDO-MIM DRHP?

Global leadership in manufacturing precision engineering components using MIM technology. Diverse customer base with long-standing relationships with Indian and global OEMs. Diverse product portfolio catering to applications across multiple industries. The page lists all 7 as disclosed.

What are the key risks disclosed in the INDO-MIM DRHP?

Significant portion of revenue derived from top 10 customers; loss of these customers could adversely affect business. Lack of definitive customer agreements means customers can cancel orders, impacting business. Reliance on suppliers for primary raw materials; supplier failure could disrupt manufacturing. The page lists all 8 disclosed risk factors.

Listing

When will INDO-MIM IPO list?

The INDO-MIM Limited shares are scheduled to list on 30 July 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

What was the INDO-MIM IPO listing price?

INDO-MIM Limited listed at ₹700, a gain of 44.3% on the ₹485 issue price.

At what time does an IPO list?

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Data sources

Where does the INDO-MIM IPO data on this page come from, and how often is it updated?

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.

INDO-MIM IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Private Limited (Formerly Link Intime India Private Limited)

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the INDO-MIM IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (27 Jul 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹188 on a ₹485 upper band means the grey market is dealing at ₹673.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.