Indo-MIM IPO: Price Band, Lot Size, Financials & Review
Indo-MIM IPO listed on BSE & NSE on Thu, 30 Jul 2026.
- Open Date
- 23 Jul 2026
- Close Date
- 27 Jul 2026
Last updated
- Price band
- ₹461 – ₹485
- Lot size
- 30 shares
- Min. investment
- ₹14,550
- Issue size
- ₹3,811.21 Cr
- Last GMP
- +₹184
Indo-MIM IPO details
Indo-MIM IPO is a ₹3,811.21 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹499.1 Cr (13.10%) with an offer for sale of ₹3,311.21 Cr (86.90%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Thu, 23 Jul 2026 to Mon, 27 Jul 2026. Allotment was finalised on Tue, 28 Jul 2026, and the shares listed on BSE & NSE on Thu, 30 Jul 2026.
The price band is ₹461 to ₹485 per share and the lot size is 30 shares, so the minimum retail application is ₹14,550. Retail investors can apply for up to 13 lots (390 shares, ₹1,89,150).
MUFG Intime India Pvt Ltd is the registrar, and Axis Capital Limited, ICICI Securities Limited, HDFC Bank Limited, SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Indo-MIM IPO GMP before listing was +₹184 (+37.94% against the upper price band of ₹485), implying an estimated listing price of ₹669. Across 10 days of tracking, GMP ranged from +₹170 (23 Jul) to +₹194 (21 Jul).
| Last GMP | +₹184 |
|---|---|
| GMP vs upper band | +37.94% |
| Estimated listing price | ₹669 |
| Highest (21 Jul) | +₹194 |
| Lowest (23 Jul) | +₹170 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Indo-MIM IPO day-wise GMP.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 1,56,83,772 | 28.47% |
| Non-Institutional | 1,17,62,829 | 21.35% |
| └ BNII | 78,41,885 | 14.23% |
| └ SNII | 39,20,944 | 7.12% |
| Retail Investors | 2,74,46,600 | 49.82% |
| Employees | 2,00,000 | 0.36% |
| Total | 5,50,93,201 | 100.00% |
Indo-MIM IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,550 |
| Retail (Max) | 13 | 390 | ₹1,89,150 |
| S-HNI (Min) | 14 | 420 | ₹2,03,700 |
| S-HNI (Max) | 68 | 2,040 | ₹9,89,400 |
| B-HNI (Min) | 69 | 2,070 | ₹10,03,950 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹499.1 Cr (13.10%) with an offer for sale of ₹3,311.21 Cr (86.90%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹485, the issue is priced at 44.01x pre-issue earnings and 44.95x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 148.00x (1 company).
Promoter holding falls from 92.94% before the issue to 77.65% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹11.02 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 44.01x |
| EPS (post-issue) EPS on the enlarged share capital | ₹10.79 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 44.95x |
| Promoter holding (pre-issue) | 92.94% |
| Promoter holding (post-issue) | 77.65% |
Indo-MIM Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹3,373.97 Cr to ₹4,320.7 Cr, and profit after tax rose from ₹423.73 Cr to ₹533.54 Cr. The PAT margin for 31 Mar 2026 was 12.35%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,897.33 | 4,140.84 | 3,757.51 |
| Total Income | 4,320.70 | 3,373.97 | 2,900.38 |
| Profit After Tax | 533.54 | 423.73 | 283.73 |
| Net Worth | 2,819.55 | 2,199.43 | 2,050.51 |
| Reserve & Surplus | 2,573.46 | 2,030.81 | 1,889.04 |
| Total Borrowings | 1,090.49 | 1,247.20 | 1,085.01 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 21.26 | 19.94 | 14.01 |
| ROCE % | 26.60 | 23.51 | 19.59 |
| Debt / Equity | 0.39 | 0.57 | 0.53 |
| RoNW % | 21.26 | 19.94 | 14.01 |
| Pat Margin % | 12.72 | 12.73 | 9.88 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Indo-MIM Ltd | 1 | — | 11.06 | 10.87 | 21.26% | 58.24 |
| Jiangsu Gian Technology Co, Ltd | 0 | 148.00 | 3.91 | 3.77 | 3.10% | 165.13 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company |
| 2 | General corporate purposes |
About Indo-MIM Limited
Established in 1996, Indo-MIM is a global leader in the manufacturing of precision-engineered components using Metal Injection Molding (MIM) technology. The company provides comprehensive, end-to-end manufacturing solutions, covering product design support, mold design, tooling, metal injection molding, secondary finishing, and final assembly.
In addition to its core MIM expertise, Indo-MIM leverages advanced manufacturing technologies such as investment casting, precision machining, ceramic injection molding (CIM), and metal additive manufacturing (3D metal printing). These capabilities enable the company to serve a broad range of industries with high-precision, complex components.
During FY2025, the company manufactured over 6,400 products and served more than 1,000 customers across industries including automotive, defence, medical, consumer goods, and aerospace.
Product Portfolio
Automotive
- Components for safety systems
- Fuel system parts
- Powertrain components
- Interior system parts
Defence
- Precision firearm components, including triggers, hammers, sights, and other critical parts
Medical
- Components for minimally invasive surgical devices, including endoscopy and laparoscopy equipment
- Dental robotics parts
- Orthopedic implant and instrument components
Consumer
- Fashion accessories
- Crossbow components
- Mobile phone parts
- Hand tools and hardware components
Aerospace
- Manifolds
- Housings
- Nozzles
- Locking rings
- Clevises
- Brackets and other mission-critical components supplied to OEMs
Manufacturing and Global Presence
Indo-MIM operates 15 manufacturing facilities across India, the United States, the United Kingdom, and Mexico. According to the Frost & Sullivan (F&S) Report, the company possesses the world's largest installed Metal Injection Molding (MIM) production capacity.
To support its global customer base, the company maintains sales offices in China, Germany, and the United States, along with 12 sales representatives located across the Czech Republic, France, Italy, Japan, South Korea, Israel, Poland, and Turkey. This international sales network enables Indo-MIM to provide localized customer support and efficiently serve customers across North America, Europe, and Asia.
Promoters
- Green Meadows Investments Ltd
- Krishna Chivukula
- Krishna Chivukula Jr.
- Raj Chivukula
- Jagadamba CHandrasekhar
Contact details
Indo MIM Ltd.
45(P), KIADB Industrial Area
Hoskote , Bangalore Urban
Karnataka, 56211
Phone: +91 81 2347 9565
Email: santosh.d@indo-mim.com
Website: https://www.indo-mim.com/
Indo-MIM IPO FAQs
- What is the Indo-MIM IPO price band?
- The Indo-MIM IPO price band is ₹461 to ₹485 per share.
- What is the Indo-MIM IPO lot size and minimum investment?
- The Indo-MIM IPO lot size is 30 shares. The minimum retail investment is ₹14,550 for one lot at the upper price band. Retail investors can apply for up to 13 lots (390 shares), costing ₹1,89,150.
- When was Indo-MIM IPO open for subscription?
- Indo-MIM IPO was open for subscription from Thu, 23 Jul 2026 to Mon, 27 Jul 2026.
- What was the Indo-MIM IPO GMP before listing?
- The last Indo-MIM IPO GMP before listing was +₹184 (+37.94% against the upper price band of ₹485), implying an estimated listing price of ₹669. Across 10 days of tracking, GMP ranged from +₹170 (23 Jul) to +₹194 (21 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the Indo-MIM IPO allotment date?
- The Indo-MIM IPO basis of allotment was finalised on Tue, 28 Jul 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the Indo-MIM IPO listing date?
- Indo-MIM IPO listed on BSE & NSE on Thu, 30 Jul 2026.
- Is the Indo-MIM IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹499.1 Cr (13.10%) with an offer for sale of ₹3,311.21 Cr (86.90%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Indo-MIM IPO?
- The registrar for the Indo-MIM IPO is MUFG Intime India Pvt Ltd, and the book running lead managers are Axis Capital Limited, ICICI Securities Limited, HDFC Bank Limited, SBI Capital Markets Limited and Kotak Mahindra Capital Company Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.