Indo-MIM shares surge 10% in India, trade 82% above IPO; analysts advise profit booking

economictimes.indiatimes.com

Shares of Indo-MIM surged over 10% to Rs 862 on Thursday, extending gains to 82% above the issue price. An analyst advised investors to consider booking partial profits after the sharp rally. The stock listed on July 30 at a 44.95% premium over its Rs 485 issue price. The IPO was subscribed 98.47 times. Indo-MIM reported FY26 total income up 28.1% to Rs 4,320.70 crore and profit after tax up 25.9% to Rs 533.54 crore. Indo-MIM, founded in 1996, makes precision components using metal injection molding for industries including automotive and medical devices. The Rs 3,811.21 crore IPO included a fresh issue and an offer for sale.


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Indo-MIM shares surge 10% in India, trade 82% above IPO; analysts advise profit booking | News Minimalist