Indo-MIM
Indo-MIM is a precision engineering company specializing in metal injection molding (MIM) technology to manufacture complex components. It serves high-precision sectors including Automotive, Defence, Medical, Consumer, and Aerospace.
Price Band
₹485 - ₹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
1
Open
TBD
2
Close
TBD
✓
Allotment
Jul 28
✓
Refund
Jul 29
✓
Demat
Jul 29
✓
Listing
Jul 30
✨ AI Analysis & Prediction
+25.1%
predicted listing gain
The GMP baseline of 38.76% is adjusted downwards due to the high Offer for Sale (OFS) component (86.9%) and a large issue float. However, the strong financial health, evidenced by ROE > 20% and consistent revenue growth, provides a significant valuation cushion that prevents a steeper drop.
💪 Strengths
- Global manufacturing presence across India, US, UK, and Mexico
- High ROCE (26.6%) and ROE (21.26%)
- Diversified client base across Aerospace, Defence, and Medical sectors
⚠️ Weaknesses
- High proportion of Offer for Sale (OFS) relative to fresh issue
- Large issue size may put pressure on listing gains
🚀 Opportunities
- Expansion in 3D metal printing and ceramic injection molding
- Increased demand for precision components in the Aerospace and Defence sectors
🛡️ Threats
- Geopolitical risks associated with sales offices in China and US
- Intense competition in precision engineering and molding technologies
🎯 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 the precision engineering space, utilizing advanced Metal Injection Molding (MIM) technology to create high-complexity components. Over nearly three decades, the company has expanded its technical capabilities to include investment casting, precision machining, ceramic injection molding, and 3D metal printing.
The company's business model is centered on providing end-to-end solutions, encompassing mold design, tooling, finishing, and assembly. This integrated approach allows them to cater to diverse and demanding industries such as Aerospace, Defence, Medical, Automotive, and Consumer electronics.
With a massive operational footprint, Indo-MIM operates 15 manufacturing facilities across India, the United States, the United Kingdom, and Mexico. This global presence is supported by three strategic sales offices located in the US, Germany, and China, enabling them to serve a prestigious client base of over 1,000 customers worldwide.
The company's product portfolio is vast, featuring over 6,400 distinct products including fuel systems, powertrains, triggers, hammers, sights, and various cellphone parts. This diversification reduces reliance on any single industry vertical.
Promoter leadership is driven by Green Meadows Investments Ltd., Krishna Chivukula, Krishna Chivukula Jr, Raj Chivukula, and Jagadamba ChAndrasekhar, who have scaled the company from a specialized workshop into a multi-national engineering powerhouse.
The Indo-MIM IPO is a Mainboard issue seeking to raise approximately ₹3,811.21 Crore. The issue structure is heavily weighted toward an Offer for Sale (OFS) of approximately ₹3,312.11 Crore, with a smaller fresh issue of ₹499.10 Crore. The price band is set between ₹461 and ₹485 per share, with a minimum lot size of 30 shares costing ₹14,550. The IPO is scheduled to open on July 23, 2026, and close on July 27, 2026, with listing on the BSE and NSE on July 30, 2026.
Proceeds from the fresh issue are primarily earmarked for the repayment or prepayment of outstanding borrowings, amounting to ₹400 Crore, which indicates a focus on deleveraging the balance sheet to improve future net margins.
Financial performance has been robust, with revenue growing 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, demonstrating strong operational scalability and efficiency.
From a valuation perspective, the company reports a Basic EPS of ₹11.06 for FY26 and a Net Asset Value (NAV) of ₹58.24. While specific peer P/E ratios for direct MIM competitors are limited, the company's ROE of 21.26% and ROCE of 26.60% suggest high capital efficiency compared to general engineering firms.
Key strengths include a global manufacturing footprint, advanced technological capabilities like 3D metal printing, and a diversified product portfolio across critical sectors. However, the heavy OFS component may be perceived by some investors as promoter offloading.
Overall, the IPO presents a mix of strong fundamentals and a large supply of shares entering the market. Investors should weigh the impressive growth and profitability against the structural nature of the issue and the current market appetite for high-value engineering stocks.