The basis of allotment for the Indo-MIM IPO is expected to be finalized today, with the stock set to list on July 30. Following a strong subscription of 72.34 times, the grey market premium stands at 39%, reflecting significant investor interest ahead of the company's stock market debut.

Indo-MIM's IPO offers strong growth potential, but high valuations suggest investors should wait for a better entry point.

Indo-MIM's Rs 3,811 crore IPO is in its final bidding day with robust demand. The IPO has been subscribed 3.07 times by the close of day two. Retail investors showed 1.89 times…

The latest Grey Market Premium (GMP) stands at Rs 190, implying a premium of nearly 39% over the IPO's upper price band of Rs 485 per share. If current grey market trends hold,…