The Indo-MIM anchor lock-in ends on Monday, 26 October 2026. The remaining shares held by its 92 anchor investors, who put in ₹1,140.98 crore at ₹485 a share, become free to trade. Our tracker shows the stock at ₹1,099.60, 126.72% above that price.
What is ending on 26 October?
Anchor investors are large funds that buy shares a day before an IPO opens. SEBI makes them hold the shares for a fixed period. For the part still locked, that period ends on 26 October, 90 days after the allotment on 28 July.
| Item | Detail |
|---|---|
| Unlock date | 26 October 2026 |
| What unlocks | Remaining anchor shares (90-day lock-in) |
| Anchor investors | 92, across 54 fund houses |
| Anchor amount | ₹1,140.98 crore |
| Anchor price (issue price) | ₹485 |
| Listing price | ₹700 |
| Latest price in our tracker | ₹1,099.60 |
The anchor money equals about 29.9% of the ₹3,811.21 crore issue. Of that issue, ₹3,312.11 crore was an offer for sale by existing shareholders, per the offer document summary on our page.
Where is the stock against the anchors' price?
Anchors were allotted shares at ₹485. At ₹1,099.60, they sit on a paper gain of about ₹614 a share. The stock is also about 57% above its ₹700 listing price. Free to trade does not mean they will sell. Some funds hold for years. Others book profit at the first chance. Nobody can say in advance which it will be.
What our data shows
Indo-MIM was one of the big issues of 2026. At ₹3,811.21 crore it is the #7 largest of 107 mainboard IPOs this year. It was subscribed 72.34x, the #33 most subscribed against a median of 22.19x, with QIB at 204.34x and retail at 6.67x. The grey market was at ₹184 (37.9%) on listing eve. The shares opened at ₹700, a gain of 44.33% that ranks #10 of 106 listings this year. The grey market was close, a little under the actual open.
Who ran the issue?
Five banks led it: HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets. Axis Capital's earlier listings on our records opened above the issue price 21 times out of 28, with an average gain of 15.4%. That is a record of past pricing, not a forecast for this stock.
What happens next
Trading opens on 26 October as usual. Watch the volumes that day, since more shares can now change hands. You can follow the price and the anchor list on the Indo-MIM IPO page. For how this year's issues have done after listing, see the IPO performance tracker. Other lock-ins due this week are in our IPO news section.
