Summary
Indo-MIM IPO is a ₹3,811 crore book-built issue priced at ₹461–₹485 per share, open from 23 to 27 July 2026.
Indo-MIM is a global precision engineering manufacturer specialising in metal injection moulding (MIM) and serving the automotive, defence, medical, aerospace and consumer sectors.
Improving profitability, healthy return ratios and a strong GMP reflect positive sentiment. The IPO may suit long-term investors comfortable with export and global market risks.
Indo-MIM IPO will raise a total of ₹3,811 crore from the market. The offering is a mix of 1.03 crore fresh shares and 6.83 crore offer-for-sale (OFS) shares.
The subscription window for the IPO is from 23 July 2026 to 27 July 2026. The allotment of shares is planned for 28 July 2026. The debut of shares on both the NSE and BSE is expected to take place on 30 July 2026.
The IPO has been priced in the range of ₹461 to ₹485 per share. Retail investor participation starts at 30 shares, requiring an investment of ₹14,550 at the upper price band. For the sNII category, the application size is a minimum of 14 lots (420 shares), amounting to ₹2,03,700. The minimum bid for bNIIs is 69 lots (2,070 shares), requiring an investment of ₹10,03,950.
Indo-MIM IPO Key Details
The table below presents the primary facts and figures for this IPO:
| Bidding Opens | 23 July 2026 |
| Bidding Closes | 27 July 2026 |
| Face Value | ₹1 per share |
| Issue Type | Bookbuilding |
| Price Band | ₹461-₹485 |
| Issue Price | |
| Listing at | NSE, BSE |
| Lot Size | 30 Shares |
| Offer for Sale (OFS) | 6,82,91,022 shares (₹3,311 Crore) |
| Fresh Issue | 1,03,09,278 shares (₹499 Crore) |
| Total Issue | 7,86,00,300 shares (₹3,811 Crore) |
| Minimum Investment | ₹14,550 |
Indo-MIM IPO Timeline
The given timeline highlights the key dates for the offering:
| Bidding Opens | 23 July 2026 |
| Bidding Closes | 27 July 2026 |
| Allotment Planned For | 28 July 2026 |
| Refunds Start On | 29 July 2026 |
| Share Credit to Demat | 29 July 2026 |
| Listing Scheduled | 30 July 2026 |
| Cut-off for UPI mandate | 5:00 PM on 27 July 2026 |
Indo-MIM Key Performance Indicators (KPIs)
Below are the KPIs reported by Indo-MIM:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 21.26 | 19.94 | 14.01 |
| ROCE (%) | 26.60 | 23.51 | 19.59 |
| Debt-Equity (times) | 0.39 | 0.57 | 0.53 |
| RoNW (%) | 21.26 | 19.94 | 14.01 |
| PAT Margin (%) | 12.72 | 12.73 | 9.88 |
| EBITDA Margin (%) | 25.54 | 28.01 | 25.90 |
| Price Book Value | – | – | – |
Indo-MIM Financials
Here is a summary of Indo-MIM’s financial metrics:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 48,973.33 | 41,408.41 | 37,575.13 |
| Revenue | 43,207.02 | 33,739.72 | 29,003.82 |
| Profit After Tax | 5,335.43 | 4,237.34 | 2,837.34 |
(Amount in ₹ million)
Indo-MIM IPO Subscription Status
Subscription details are not available at the moment.
They will be updated once the IPO bidding opens.
Bidding is accepted from 10:00 AM to 5:00 PM on subscription days.
Indo-MIM IPO Grey Market Premium (GMP)
The latest grey market activity suggests investor interest in the Indo-MIM IPO is picking up. As of 21 July 2026, the GMP stands at ₹202, indicating an estimated listing price of ₹687, or a potential premium of 41.65% over the upper price band. It has also moved up from ₹195 in the previous session, reflecting stronger market sentiment.
| Date | GMP | Est. Debut Price | Est. Listing Profit | Last Updated |
| 21-07-2026 | ₹202 | ₹687 (41.65%) | ₹6,060 | 21 July 2026 10:59 |
| 20-07-2026 | ₹195 | ₹680 (40.21%) | ₹5,850 | 20 July 2026 23:31 |
| 19-07-2026 | ₹213 | 19 July 2026 23:34 |
Note: GMP is only an indicator of market sentiment and should not be viewed as a guarantee of listing gains.
Indo-MIM IPO Reservation
Shares under the IPO are reserved across investor categories in the following proportions:
Indo-MIM IPO Lot Size
Bids should be placed in line with the lot sizes mentioned below:
| Investor Type | Lots | Shares | Amount |
| Individual (Retail) Minimum | 1 | 30 | ₹14,550 |
| Individual (Retail) Maximum | 13 | 390 | ₹1,89,150 |
| S-HNI Minimum | 14 | 420 | ₹2,03,700 |
| S-HNI Maximum | 68 | 2,040 | ₹9,89,400 |
| B-HNI Minimum | 69 | 2,070 | ₹10,03,950 |
Indo-MIM IPO Anchor Investors
The details of the anchor investor allocation are provided below:
| Particulars | Details |
| Bidding Opens | 22 July 2026 |
| Shares Offered | 60% of QIB Portion |
| Portion Size | Not disclosed yet |
| 30-Day Lock-in for 50% Shares | 27 August 2026 |
| 90-Day Lock-in for Remaining Shares | 26 October 2026 |
Indo-MIM IPO Prospectus
Explore the links below for more information about the IPO:
About Indo-MIM
Incorporation: 12 April 1996
Managing Director and Chairman: Krishna Chivukula
Indo-MIM Limited specialises in manufacturing precision engineering components through metal injection moulding (MIM) technology. It also provides precision metal 3D printing, ceramic injection moulding and investment casting for customers across multiple industries.
Its main business activities include:
- Automotive: Components for vehicle safety systems, fuel systems, powertrains and interiors.
- Defence: Firearm parts like hammers, sights and triggers.
- Medical: Surgical device components used in orthopaedics, laparoscopy, endoscopy and dental robotics.
- Consumer products: Components for fashion accessories, mobile devices, tools and hardware.
- Aerospace: Precision-engineered components supplied to aerospace OEMs.
| Issue Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Manager | HDFC Bank Ltd. SBI Capital Markets Ltd. ICICI Securities Ltd. Kotak Mahindra Capital Co.Ltd. Axis Capital Ltd. |
Indo-MIM IPO Objectives
The company proposes to utilise the net proceeds in the following areas:
| Particulars | Amount (in ₹ million) |
| For prepayment or repayment of borrowings | 4,000.00 |
| For corporate requirements |
Strengths of Indo-MIM
- Global Leadership: It is the largest global manufacturer of precision MIM components by revenue, supported by decades of expertise and a broad range of advanced manufacturing capabilities.
- Strong Customer Base: The company serves Indian and global OEMs across multiple industries, supported by long-standing customer relationships that lead to repeat business.
- Broad Portfolio: It manufactures components for medical, defence, automotive, and aerospace applications, reducing dependence on any single industry.
- Integrated Operations: Backwards-integrated manufacturing, in-house finishing processes and advanced automation improve production efficiency, quality control and operational flexibility.
Risks of Indo-MIM
- Export Risk: The company derives most of its revenue from exports, exposing it to global economic slowdowns, trade restrictions and geopolitical uncertainties.
- Material Availability: Manufacturing depends on uninterrupted raw material supplies. Interruptions in the supply can slow down production and make operating costs higher.
- Import Reliance: A large portion of raw materials is imported, exposing the company to commodity price fluctuations, tariffs, currency movements and supply chain risks.
- Manufacturing Disruptions: Any shutdown, equipment failure or operational disruption at manufacturing facilities could affect production schedules and customer deliveries.
Indo-MIM IPO Review
Indo-MIM operates in precision engineering with a diversified customer base and global presence. Improving profitability and return ratios indicate steady operational performance. The GMP reflects growing investor interest in the Indo-MIM IPO. SEBI-registered analyst Covesting Technologies also highlights rising activity in the IPO in its pre-market coverage, indicating improving sentiment in the equity market. However, export dependence and raw material imports remain key risks.
The IPO may suit investors seeking exposure to a manufacturing business with long-term growth potential and who are comfortable with global market risks.
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Indo-MIM IPO FAQs
Indo-MIM IPO is a book-built issue worth ₹3,811 crore, comprising a fresh issue and an OFS. The shares are proposed to be listed on the NSE and BSE.
Investors can apply for the IPO through the ASBA facility offered by banks or through their registered stockbroker. UPI-based applications can also be submitted using supported broker platforms.
Indo-MIM is a global manufacturer of precision engineering components with a diversified customer base and improving financial performance. Investors should evaluate the company’s valuation, growth prospects, financials, and risk factors before making an investment decision.
The IPO has a GMP of around ₹202 per share, indicating an estimated listing price of ₹687 or a potential premium of 41.65% over the upper issue price of ₹485. However, GMP is unofficial and may change before listing.
The Indo-MIM IPO will open for subscription on 23 July 2026 and close on 27 July 2026.
The minimum application size is 30 shares, requiring an investment of ₹14,550 at the upper price band. Applications can be made in multiples of 30 shares thereafter.
The allotment of shares in the Indo-MIM IPO is expected to be finalised on 28 July 2026.
The shares are expected to be listed on the NSE and BSE on 30 July 2026, subject to the final schedule.
