Indo-MIM
Indo-MIM is a precision engineering company specializing in metal injection molding (MIM) technology to manufacture complex components. It serves critical sectors including Automotive, Defence, Medical, Consumer, and Aerospace.
Price Band
₹461 - ₹485
Lot Size
30 Shares
Issue Size
₹3,811.21 Cr
Fresh Issue
₹499.10 Cr
OFS
₹3,312.11 Cr
Registrar
AI Sentiment Score
Listing Price
₹700.00
vs Issue: ₹485 (+44.33%)
📅 IPO Timeline
✓
Open
Jul 23
✓
Close
Jul 27
✓
Allotment
Jul 28
✓
Refund
Jul 29
✓
Demat
Jul 29
✓
Listing
Jul 30
✨ AI Analysis & Prediction
+25.1%
predicted listing gain
The predicted gain is adjusted slightly downward from the GMP baseline due to a high OFS component (86.9%) and a relatively large float size which may dilute the initial pop. However, strong financial health with ROE > 20% and consistent revenue growth provides a solid fundamental floor.
💪 Strengths
- Strong global footprint with 15 facilities across 4 countries
- High profitability ratios with ROE at 21.26% and ROCE at 26.6%
⚠️ Weaknesses
- High percentage of Offer for Sale (OFS) relative to fresh issue
- Significant concentration of promoter holding post-issue may lead to lower liquidity
🚀 Opportunities
- Expansion in high-growth sectors like Aerospace and Defence
- Scaling capabilities in 3D metal printing and ceramic injection molding
🛡️ Threats
- Global economic volatility affecting automotive and consumer electronics demand
- Intense competition from other precision engineering firms worldwide
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company; and | ₹400.00 |
| General Corporate Purpose | ₹3,411.21 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 2,888.00 Cr | Rs 3,330.00 Cr | Rs 4,193.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 352.00 Cr | Rs 424.00 Cr | Rs 534.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 757.00 Cr | Rs 933.00 Cr | Rs 1,071.00 Cr |
| Borrowings (₹ Cr) | Rs 1,257.00 Cr | Rs 1,433.00 Cr | Rs 1,368.00 Cr |
| Total Assets (₹ Cr) | Rs 3,862.00 Cr | Rs 4,141.00 Cr | Rs 4,897.00 Cr |
| ROCE % | 20.00% | 22.00% | 25.00% |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 1996, Indo-MIM has evolved into a global leader in precision engineering components. The company leverages advanced Metal Injection Molding (MIM) technology, alongside investment casting, precision machining, ceramic injection molding, and 3D metal printing, to create high-complexity parts that traditional machining cannot efficiently produce.
Their extensive product portfolio includes the manufacturing of fuel systems, powertrains, triggers, hammers, sights, crossbows, cellphone parts, tools, nozzles, locking rings, and clevises. By offering comprehensive solutions from mold design and tooling to finishing and assembly, Indo-MIM maintains a vertically integrated value chain.
Operating on a global scale, the company serves more than 1,000 customers through 15 manufacturing facilities located across India, the United States, the United Kingdom, and Mexico. To support its international footprint, it maintains three strategic sales offices in China, Germany, and the United States.
As of FY25, the company has successfully manufactured over 6,400 unique products, demonstrating its versatility and technical capability. The business is led by promoters including Green Meadows Investments Ltd., Krishna Chivukula, Krishna Chivukula Jr, Raj Chivukula, and Jagadamba Chandrasekhar.
The Indo-MIM IPO is a substantial mainboard offering seeking to raise approximately ₹3,811.21 crore. The issue structure consists of a fresh issue of ₹499.10 crore and a large offer for sale (OFS) of approximately 6,82,91,022 equity shares. The price band is set between ₹461 and ₹485 per share, with a minimum retail lot size of 30 shares costing ₹14,550. The IPO opens on July 23, 2026, and closes on July 27, 2026, with listing scheduled for July 30, 2026, on the BSE and NSE.
Proceeds from the fresh issue are primarily earmarked for the repayment or prepayment of outstanding borrowings, amounting to ₹400 crore, aimed at strengthening the company's balance sheet.
Financial performance indicates robust growth; revenue climbed from ₹2,900.38 crore in FY24 to ₹4,320.70 crore in FY26. Net profit (PAT) showed a recovery trend, rising from ₹283.73 crore in FY24 to ₹533.54 crore in FY26, reflecting strong operational scaling and margin improvement.
From a valuation perspective, the company reports a Basic EPS of ₹11.06 and a Net Asset Value (NAV) of ₹58.24. While a direct P/E ratio is not provided for comparison, the ROE of 21.26% and ROCE of 26.60% suggest efficient capital utilization.
Key investment strengths include a diversified global presence and a specialized technological moat in MIM. However, the heavy weight of the OFS (over 86% of the issue) indicates significant promoter offloading, which can sometimes be perceived as a negative signal by sentiment-driven investors.
Overall, the IPO presents a mix of strong industrial fundamentals and a large-scale exit for some shareholders. Investors may find it attractive for long-term growth given the sector exposure to Defence and Aerospace, but should be mindful of the high float size.