Indo-MIM shares extended their post-listing rally on Friday, rising nearly 5% to Rs 776.90 and climbing over 60% above the Rs 485 IPO price in two sessions. Analysts at Swastika Investmart recommend partial profit booking while advising long-term holders to maintain a stop-loss in the Rs 595-600 range.

The Indo-MIM IPO allotment is expected today after a robust 72.34 times subscription, with a grey market premium indicating a potential 39% listing gain ahead of its July 30 debut.

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,…

Indo-MIM shares debut nearly 45% above the IPO price after a 72-times subscribed issue. Analysts suggest partial profit booking after strong listing gains.