ListingScoreGMP · subscription · track record

Indo-MIM IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

Indo-MIM listed at +44.3% against its issue price of ₹485. The book is 72.37 times subscribed overall. The grey market premium is +₹184 (+37.9%), which is an informal figure and not a quoted price. Our call is Apply, on 89% of our checks.

Segment: Mainboard
Price: ₹485
Lot size: 30 shares
One lot costs: ₹14,550
Issue size: ₹3,812 Cr
Grey market premium: +₹184 (+37.9%)
Subscribed: 72.37x
Listed at: +44.3%
Our call: Apply

What we checked

Profitable in the latest yearPAT ₹533.54 Cr
Profit grew year on yearPAT +26%
Revenue grew year on yearRevenue +28%
Margin not collapsingPAT margin 12.7% vs 12.7%
Borrowing under half of net worthDebt/net worth 0.39
Return on net worth above 15%RoNW 19.9%
Post-issue P/E under 40P/E 45.0
Price to book under 6P/B 10.6
Majority is fresh capital13% fresh issue
Promoters keep at least half77.7% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered72.4× overall
Lead manager above segment medianKotak Mahindra Capital Co.Ltd.: 97 past issues, +18% avg vs +9% segment median

2 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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