Indo-MIM IPO open date is July 23, 2026 and the IPO will close on July 27, 2026. Indo-MIM IPO is a Book build Issue. The company to raise around ₹3,811.21 crores via IPO that comprises fresh issue of ₹499.10 crores and offer for sale up to 6,82,91,022 equity shares with face value of ₹1 each.
Indo-MIM IPO price band is ₹461 to ₹485 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Indo-MIM IPO to list on BSE, NSE on July 30, 2026. The allotment of Indo-MIM IPO date is July 28, 2026.
The company reported revenue of ₹4,320.70 crores in 2026 against ₹3,373.97 crores in 2025. The company reported profit of ₹533.54 crores in 2026 against profit of ₹423.73 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
Indo-MIM IPO Details
| IPO Open Date | July 23, 2026 |
| IPO Close Date | July 27, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹461 to ₹485 Per Share |
| Issue Size | Approx ₹3,811.21 Crores |
| Fresh Issue | Approx ₹499.10 Crores |
| Offer for Sale: | Approx 6,82,91,022 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Indo-MIM Subscription
| Category | Offered | Applied | Times |
|---|---|---|---|
| Total | 55074644 | 83905530 | 1.52 |
| QIBs | 15674494 | 3879750 | 0.25 |
| HNIs | 11760045 | 48544770 | 4.13 |
| HNIs 10+ | 7840030 | 30346350 | 3.87 |
| HNIs 2+ | 3920015 | 18198420 | 4.64 |
| Retail | 27440105 | 31102830 | 1.13 |
| Employees | 200000 | 378180 | 1.89 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| Total Applications: 833335 | |||
| © IPO Premium | |||
| HNIs (10L+) | 18667 | 14107 | 0.76 |
| HNIs (2-10L) | 9333 | 40694 | 4.36 |
| Retail | 914670 | 774116 | 0.85 |
| Employee | - | 4418 | - |
Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 760.21 | 188.17 | 0.25 |
| FIIs | - | 4.27 | - |
| DIIs | - | 0.06 | - |
| Mutual funds | - | 50.04 | - |
| Others | - | 133.8 | - |
| HNIs | 570.36 | 2354.42 | 4.13 |
| HNIs 10+ | 380.24 | 1471.8 | 3.87 |
| HNIs 2+ | 190.12 | 882.62 | 4.64 |
| Retail | 1330.85 | 1508.49 | 1.13 |
| Employees | 9.7 | 18.34 | 1.89 |
| Total | 2671.12 | 4069.42 | 1.52 |
QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.2 | @8% ₹0.2 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.3 | @12% ₹0.3 |
Indo-MIM Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 30 | 14550 | 914670 |
| sHNI | 14 | 420 | 203700 | 9333 |
| bHNI | 69 | 2070 | 1003950 | 18667 |
Indo-MIM Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 78600300 | 100% |
| Anchor | 23525656 | 29.93% |
| QIB | 15674494 | 19.94% |
| HNI | 11760045 | 14.96% |
| Retail | 27440105 | 34.91% |
| Employee | 200000 | 0.25% |
Indo-MIM About
IPO Details
| Total Issue Size | 78,600,300 shares (aggregating up to ₹3811.21 Cr) |
| Fresh Issue | 10,309,278 shares (aggregating up to ₹500.00 Cr) |
| Offer For Sale | 68,291,022 shares (aggregating up to ₹3321.11 Cr) |
| Face Value | ₹1/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE,NSE |
| Share Holding Pre Issue | 482,030,772 shares |
| Share Holding Post Issue | * shares |
Key Performance Indicators (KPI)
| KPI | Fiscal-26 | Fiscal-25 | Fiscal-24 |
|---|---|---|---|
| ROE | 21.26% | 19.94% | 14.01% |
| ROCE | 26.60% | 23.51% | 19.59% |
| EPS (BASIC) | 11.06 | 8.79 | 5.89 |
| P/E Pre IPO | 43.85 | ||
| P/E Post IPO |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 4897.33 | 4140.84 | 3757.51 |
| Total Income | 4320.70 | 3373.97 | 2900.38 |
| Profit After Tax | 533.54 | 423.73 | 283.73 |
| EBITDA | 1070.92 | 932.60 | 743.46 |
| NET Worth | 2819.55 | 2199.43 | 2050.51 |
| Reserves and Surplus | 2573.46 | 2030.81 | 1889.04 |
| Total Borrowing | 1090.49 | 1247.20 | 1085.01 |
Peer Comparison (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| INDO-MIM Limited | 43.85 | 1.00 |
| Jiangsu Gian Technology Co, Ltd | 148.00 | N.A. |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| INDO-MIM Limited | 58.24 | 21.26 | 11.06 |
| Jiangsu Gian Technology Co, Ltd | 165.13 | 3.10 | 3.91 |
About Company
Incorporated in 1996, INDO-MIM Limited was originally established as A F Technologies India Private Limited in Hyderabad, Andhra Pradesh. Over the years, the company underwent multiple name changes before adopting its current name, INDO-MIM Limited, following its conversion into a public limited company in January 2024. The registered office was shifted from Hyderabad, Telangana to Bengaluru, Karnataka in 2020.
INDO-MIM Limited is a global manufacturer of precision engineering components using Metal Injection Moulding (MIM) technology. The company develops and manufactures high-precision components for industries including automotive, aerospace, medical, defence, and consumer products.
To strengthen its global presence and technical capabilities, the company has completed strategic acquisitions, including CMG Technologies (UK), Triax Industries (USA), and Phoenix DeVentures II Inc., enhancing its expertise in MIM technology and advanced machining.
The company follows internationally recognized quality and operational standards and holds certifications such as NADCAP, ISO 9001:2015, IATF 16949:2016, ISO 13485:2016, AS 9100:2016, ISO 27001:2022, ISO 14001:2015, and ISO 45001:2018, reflecting its commitment to quality, safety, environmental sustainability, and information security.
Strength
Global Leader in MIM Manufacturing: World’s largest manufacturer of precision engineering components using Metal Injection Moulding (MIM) technology, offering end-to-end product development and manufacturing solutions.
Diversified Product Portfolio: Supplies precision components to multiple industries, including automotive, defence, medical, aerospace, and consumer durables, reducing dependence on a single sector.
Integrated Global Manufacturing Network: Operates 15 manufacturing facilities across India, the USA, the UK, and Mexico, with backward-integrated and dual-shore capabilities that improve efficiency, scalability, and global customer service.
Risk Factors
No Long-Term Customer Commitments: The company primarily operates on purchase orders without long-term customer agreements. Reduced or cancelled orders may impact revenue and cash flows.
Raw Material Import Dependence: A significant portion of raw materials is imported, making the business vulnerable to import restrictions, commodity price fluctuations, currency movements, and geopolitical risks.
Manufacturing Disruption Risk: Operations depend on multiple manufacturing facilities. Any shutdown or disruption due to equipment failure, labour issues, natural disasters, or other unforeseen events may affect production and financial performance.
Indo-MIM Lead Manager(s)
- Axis Capital Limited
- Hdfc Bank Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Indo-MIM Address
Indo-MIM Ltd. Address
5(P), KIADB Industrial Area
Hoskote
Bangalore Urban, Karnataka, 562114
Phone: +91 81 2347 9565
E-Mail: santosh.d@indo-mim.com
Website: http://www.indo-mim.com/
Indo-MIM Registrar
MUFG Intime India Private Limited - Link Intime
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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