Indo-MIM IPO: Issue receives solid response on Day 1, subscribed 1.4 times; NII portion booked 3 times

Indo-MIM's IPO opened on July 23 with strong demand, receiving bids for 6.29 crore shares against 4.45 crore. The non-institutional investors' interest was highest at 3.04 times. The company aims to raise ₹500 crore while utilizing ₹400 crore for debt repayment.