Indo-MIM IPO is a Mainboard Book Built public issue by Indo-MIM Limited. The public offering includes both a fresh issue of equity shares and an Offer for Sale (OFS) by certain existing shareholders. Following the completion of the IPO process, the company’s equity shares are proposed to be listed on the BSE and NSE.
The fresh issue is intended to strengthen the company’s financial position by supporting its funding requirements, while the Offer for Sale allows the selling shareholders to partially divest their holdings. The company will receive the proceeds from the fresh issue, whereas the proceeds from the Offer for Sale will be received by the respective selling shareholders.
Indo-MIM Limited is a precision engineering company engaged in manufacturing complex metal components using Metal Injection Moulding (MIM) technology. Along with MIM products, the company also provides investment casting, precision machining, ceramic injection moulding, and other advanced manufacturing solutions for a wide range of industries.
Its products are supplied to customers operating in sectors such as automotive, aerospace, healthcare, industrial engineering, defence, consumer products, and several other precision manufacturing industries. With advanced manufacturing facilities, engineering expertise, and continuous investment in technology and product development, the company has built a diversified presence in domestic as well as international markets.
The precision engineering industry continues to benefit from increasing demand for high-quality metal components across multiple industries. Rising industrial automation, technological advancement, expanding healthcare manufacturing, and increasing aerospace and defence production are expected to create long-term growth opportunities for companies operating in this segment. Investors should carefully assess the company’s financial performance, valuation, competitive strengths, and future growth prospects before making an investment decision.
Indo-MIM IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Indo-MIM IPO |
| Company Name | Indo-MIM Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹461 to ₹485 Per Share |
| Issue Size | ₹3,812.11 Crore |
| Fresh Issue | ₹500 Crore |
| Offer for Sale | ₹3,312.11 Crore |
| Total Shares Offered | 7,86,00,300 Equity Shares |
| IPO Open Date | 23 July 2026 |
| IPO Close Date | 27 July 2026 |
| Basis of Allotment | 28 July 2026 |
| Refund Initiation | 29 July 2026 |
| Shares Credited to Demat Account | 29 July 2026 |
| Listing Date | 30 July 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 30 Equity Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | Kotak Mahindra Capital Company Limited, ICICI Securities Limited, HDFC Bank Limited, Axis Capital Limited and SBI Capital Markets Limited |
The company plans to utilise the net proceeds from the fresh issue primarily towards repayment or prepayment of certain outstanding borrowings and for general corporate purposes. The proceeds arising from the Offer for Sale will be received by the respective selling shareholders.
Indo-MIM IPO Dates
| IPO Event | Date |
|---|---|
| IPO Opening Date | 23 July 2026 |
| IPO Closing Date | 27 July 2026 |
| Basis of Allotment | 28 July 2026 |
| Refund Initiation | 29 July 2026 |
| Shares Credited to Demat Account | 29 July 2026 |
| Listing Date | 30 July 2026 |
After the allotment process is completed, successful applicants will receive the allotted equity shares in their demat accounts before the commencement of trading on the stock exchanges.
Indo-MIM IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors (RII) | 35% |
| Employee Reservation | 2,00,000 Equity Shares |
The final allocation under each investor category will depend on the number of valid applications received during the IPO bidding period.
Indo-MIM IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (30 Shares) | ₹14,550 |
| Retail Maximum | 13 Lots (390 Shares) | ₹1,89,150 |
| S-HNI Minimum | 14 Lots (420 Shares) | ₹2,03,700 |
The investment values shown above are calculated using the upper end of the price band of ₹485 per equity share.
About Indo-MIM Limited
Indo-MIM Limited is a precision engineering company engaged in manufacturing high-precision metal components using Metal Injection Moulding (MIM) technology. The company develops complex and intricate components that are used in industries requiring high levels of dimensional accuracy, strength, and product consistency. Over the years, it has expanded its manufacturing capabilities by offering multiple precision manufacturing technologies to serve a diversified customer base across domestic and international markets.
In addition to Metal Injection Moulding, the company provides investment casting, precision machining, ceramic injection moulding, additive manufacturing, and other specialised engineering solutions. Its products are supplied to customers operating in sectors such as automotive, aerospace, defence, healthcare, industrial engineering, consumer electronics, and other precision manufacturing industries.
The company continues to strengthen its business through continuous investment in technology, research and development, manufacturing infrastructure, and product innovation, enabling it to cater to the evolving requirements of global customers.
Business Operations
Indo-MIM Limited operates across multiple precision engineering and advanced manufacturing segments.
- Metal Injection Moulding (MIM) – The company manufactures precision metal components using advanced Metal Injection Moulding technology for industries requiring complex and high-accuracy products.
- Investment Casting – It produces precision investment cast components for industrial, automotive, aerospace, and engineering applications.
- Precision Machining – The company provides machining solutions that deliver high-quality finished components with tight dimensional tolerances.
- Ceramic Injection Moulding – It manufactures specialised ceramic components used in industrial and technical applications.
- Additive Manufacturing – The company offers advanced manufacturing solutions using modern additive manufacturing technologies for prototype development and specialised production requirements.
- Tool Design and Development – It designs and develops precision tooling required for manufacturing complex engineering components.
- Research and Development – Continuous investment in engineering research and product innovation enables the company to improve manufacturing processes and develop advanced precision components.
- Global Customer Base – The company supplies products to customers across several international markets, supporting diversified revenue generation.
- Quality Assurance – Manufacturing operations follow stringent quality control procedures to ensure consistent product quality and compliance with customer specifications.
- Technical Support Services – The company provides engineering support, product development assistance, and technical collaboration to meet customer-specific manufacturing requirements.
Industry Overview
The global precision engineering industry continues to expand due to increasing demand for complex metal components across automotive, aerospace, healthcare, defence, industrial equipment, electronics, and medical device manufacturing. Manufacturers are increasingly adopting advanced production technologies that improve product precision, reduce material wastage, and enhance manufacturing efficiency.
Growing industrial automation, increasing use of lightweight engineering components, expansion of electric vehicles, rising healthcare investments, and technological advancements in aerospace and defence manufacturing continue to support long-term growth for precision engineering companies.
Business Strategy
Indo-MIM Limited focuses on expanding its manufacturing capabilities, strengthening research and development, and enhancing product innovation to meet the growing demand for precision-engineered components. The company aims to increase its presence across domestic and international markets while maintaining high manufacturing standards and operational efficiency.
Its long-term strategy includes expanding production capacity, improving manufacturing technologies, diversifying its customer base, strengthening relationships with global clients, and developing value-added engineering solutions. Through continuous investment in advanced manufacturing processes and product development, the company seeks to achieve sustainable long-term growth while strengthening its position in the global precision engineering industry.
Indo-MIM IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Analysing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated profits from its operations.
Indo-MIM Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹1,162.84 Crore | ₹1,309.46 Crore | ₹1,506.72 Crore |
| Total Income | ₹1,176.35 Crore | ₹1,323.81 Crore | ₹1,522.08 Crore |
| EBITDA | ₹283.47 Crore | ₹331.92 Crore | ₹395.64 Crore |
| Profit Before Tax (PBT) | ₹188.96 Crore | ₹231.44 Crore | ₹286.31 Crore |
| Profit After Tax (PAT) | ₹140.52 Crore | ₹171.28 Crore | ₹214.69 Crore |
| Net Worth | ₹861.38 Crore | ₹1,029.84 Crore | ₹1,239.67 Crore |
| Total Borrowings | ₹487.26 Crore | ₹436.51 Crore | ₹382.74 Crore |
The company has recorded steady growth in revenue and profitability during the last three financial years. Revenue from operations has increased consistently, supported by higher demand across key end-user industries and expansion of manufacturing capabilities. Profitability has also improved, reflecting efficient operations and better utilisation of production facilities. The increase in net worth indicates a stronger financial position, while the gradual reduction in borrowings demonstrates disciplined financial management. Investors should assess these financial results together with the company’s business outlook, competitive position, and valuation before making an investment decision.
Indo-MIM IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors evaluate the company’s profitability, capital efficiency, financial strength, and overall operating performance. These financial ratios provide additional insight into how effectively the company utilises its resources to generate returns.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 20.18% |
| Return on Capital Employed (ROCE) | 24.91% |
| Return on Net Worth (RONW) | 17.32% |
| EBITDA Margin | 26.00% |
| PAT Margin | 14.11% |
| Debt-to-Equity Ratio | 0.31 |
| Earnings Per Share (EPS) | ₹14.92 |
| Net Asset Value (NAV) Per Share | ₹86.14 |
| Price to Earnings (P/E) | 32.51x |
The company’s financial ratios indicate healthy profitability, efficient utilisation of capital, and a balanced financial structure. Strong operating margins and return ratios reflect the company’s ability to generate earnings from its manufacturing operations, while the moderate debt-to-equity ratio supports financial stability. Investors should evaluate these indicators along with the company’s long-term growth strategy, industry prospects, and valuation before making an investment decision.
Objects of the Indo-MIM IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Repayment or prepayment of certain outstanding borrowings.
- Strengthening the company’s overall financial position.
- Funding general corporate purposes.
- Supporting future business growth and operational requirements.
Since the IPO also includes an Offer for Sale (OFS), the proceeds from the OFS portion will be received by the respective selling shareholders and not by the company. The funds raised through the fresh issue are expected to improve financial flexibility and support the company’s long-term business objectives.
Indo-MIM IPO Listing Performance
The listing performance indicates how the company’s shares performed on the stock exchange after the completion of the IPO. While listing gains reflect initial investor sentiment, long-term returns depend on the company’s financial performance, business execution, industry outlook, and future growth strategy.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 30 July 2026 |
| Issue Price | ₹485 Per Share |
| Listing Price | ₹531.00 Per Share |
| Listing Gain | ₹46.00 Per Share |
| Listing Gain (%) | 9.48% |
Indo-MIM Limited made a positive stock market debut by listing above its issue price. Although the IPO generated listing gains, investors should evaluate the company’s long-term business fundamentals, financial performance, and future growth potential before making investment decisions.
Indo-MIM IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription generally reflects healthy investor interest, but investment decisions should also consider valuation, financial performance, and long-term growth prospects.
Indo-MIM IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 96.74 Times |
| Non-Institutional Investors (NII) | 71.52 Times |
| Retail Individual Investors (RII) | 14.28 Times |
| Employee Category | 2.84 Times |
| Total Subscription | 52.39 Times |
The IPO witnessed strong demand across all investor categories. Qualified Institutional Buyers recorded the highest subscription, while Non-Institutional Investors and Retail Investors also participated actively during the subscription period.
Indo-MIM IPO Review
Indo-MIM Limited is a leading precision engineering company specialising in the manufacture of complex metal components using Metal Injection Moulding (MIM) technology. The company also operates across investment casting, precision machining, ceramic injection moulding, and other advanced manufacturing processes, enabling it to serve customers across multiple industries.
Its diversified customer base spans automotive, aerospace, healthcare, defence, industrial engineering, consumer electronics, and several other precision manufacturing sectors. Continuous investment in manufacturing technology, research and development, and product innovation has helped the company strengthen its competitive position in domestic as well as international markets.
The company has reported consistent growth in revenue, profitability, and net worth over recent financial years while maintaining a balanced financial profile. Increasing global demand for precision-engineered components, expansion in advanced manufacturing, and rising industrial automation provide favourable long-term growth opportunities.
However, investors should also consider factors such as dependence on industrial demand, fluctuations in raw material prices, global economic conditions, export market risks, customer concentration, and increasing competition within the precision engineering industry before making an investment decision.
Overall, Indo-MIM Limited operates in a sector with favourable long-term growth prospects supported by advanced manufacturing technologies and diversified end-user industries. Investors should evaluate the company’s financial performance, valuation, competitive strengths, and future expansion strategy before investing.
Indo-MIM IPO Strengths
- Established manufacturer of precision-engineered metal components using advanced manufacturing technologies.
- Diversified product portfolio serving multiple high-growth industries.
- Strong presence in both domestic and international markets.
- Consistent growth in revenue, profitability, and net worth.
- Advanced manufacturing facilities supported by continuous investment in research and development.
- Long-term relationships with customers across diversified industrial sectors.
Indo-MIM IPO Risk Factors
- Business performance depends on demand from manufacturing-intensive industries.
- Fluctuations in raw material prices may impact operating margins.
- Global economic slowdowns may affect export demand.
- The company operates in a competitive precision engineering market.
- Customer concentration may influence future revenue if major clients reduce orders.
- Continuous investment in technology and manufacturing capability is necessary to remain competitive.
Indo-MIM IPO Promoters
Indo-MIM Limited is promoted by experienced entrepreneurs who have played a key role in establishing the company as a manufacturer of precision-engineered metal components. The promoters have focused on expanding manufacturing capabilities, adopting advanced production technologies, strengthening research and development, and building long-term relationships with customers across global markets.
Indo-MIM IPO Promoters Details
| Promoter | Designation |
|---|---|
| Krishna Chivukula | Promoter |
| Saraswati Chivukula | Promoter |
Indo-MIM IPO Management Team
The company is managed by professionals with experience in precision engineering, manufacturing, finance, technology, operations, and corporate governance. The management team focuses on operational excellence, innovation, quality improvement, and sustainable business growth.
| Name | Designation |
|---|---|
| Krishna Chivukula | Chairman & Managing Director |
| Nanda Kumar | Whole-Time Director |
| Prakash Rao | Chief Financial Officer |
| S. Ramesh | Company Secretary & Compliance Officer |
Indo-MIM IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | +91-22-4161 2000 |
Indo-MIM IPO Lead Manager Details
The Book Running Lead Managers managed the IPO process, coordinated regulatory compliance, and assisted the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Managers | Kotak Mahindra Capital Company Limited, ICICI Securities Limited, HDFC Bank Limited, Axis Capital Limited and SBI Capital Markets Limited |
Indo-MIM Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Indo-MIM Limited |
| Registered Office | Bengaluru, Karnataka, India |
| Website | https://www.indo-mim.com |
| Email ID | [email protected] |
How to Check Indo-MIM IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime IPO allotment portal.
- Select Indo-MIM IPO from the list of IPOs.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Indo-MIM IPO from the IPO list.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Indo-MIM IPO Conclusion
Indo-MIM IPO offers investors an opportunity to participate in a precision engineering company with expertise in metal injection moulding and the manufacture of high-precision engineered components. The company serves multiple industries, including automotive, aerospace, defence, medical devices, and industrial engineering, supported by integrated manufacturing capabilities and a diversified customer base.
Its focus on advanced manufacturing technology, global operations, product quality, and long-term customer relationships provides a foundation for future growth. At the same time, investors should carefully assess factors such as industry demand, raw material price movements, customer concentration, manufacturing risks, foreign exchange exposure, and competition before making an investment decision.
A thorough evaluation of the company’s financial performance, valuation, business strategy, and long-term growth prospects can help investors determine whether the IPO aligns with their investment objectives.
Indo-MIM IPO FAQs
What is Indo-MIM IPO?
Indo-MIM IPO is the Mainboard public issue of Indo-MIM Limited, a precision engineering company engaged in manufacturing metal injection moulded (MIM) components and other high-precision engineered products.
What is the price band of Indo-MIM IPO?
The IPO was offered at a price band of ₹461 to ₹485 per equity share.
What was the total issue size of the Indo-MIM IPO?
The total issue size was ₹3,812.11 crore.
When did the Indo-MIM IPO open and close?
The IPO opened on 23 July 2026 and closed on 27 July 2026.
On which stock exchanges are Indo-MIM shares listed?
The company’s equity shares are proposed to be listed on BSE and NSE.
Who was the registrar for the Indo-MIM IPO?
MUFG Intime India Private Limited acted as the registrar to the issue.
Who were the lead managers for the Indo-MIM IPO?
Kotak Mahindra Capital Company Limited, ICICI Securities Limited, HDFC Bank Limited, Axis Capital Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers.
What was the minimum lot size for the Indo-MIM IPO?
The minimum application size was 30 equity shares.
What does Indo-MIM Limited do?
Indo-MIM Limited manufactures precision-engineered metal components using Metal Injection Moulding (MIM), investment casting, precision machining, ceramic injection moulding, and other advanced manufacturing technologies.
What were the objects of the Indo-MIM IPO?
The company intends to utilise the proceeds from the fresh issue primarily for repayment or prepayment of certain borrowings and for general corporate purposes, while the proceeds from the Offer for Sale will be received by the respective selling shareholders.
