Indo MIM shares surge 10%, extend gains to 82% over issue price. Should investors book profits?
Indo MIM shares surged over 10% to ₹862 on the Bombay Stock Exchange, marking an 82% increase from its IPO price of ₹485 since its listing on July 30. The IPO attracted significant investor interest, closing with a subscription rate of 98.47 times, driven by demand from qualified institutional buyers and high-net-worth individuals. Analysts suggest that existing investors may consider booking partial profits due to the sharp rise in stock price.