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Indo-MIM IPO

Indo-MIM, founded in 1996, manufactures precision engineering components using metal injection molding (MIM) technology. Its product portfolio includes making engineering components for Automotive, Defence, Medical, Consumer, and Aerospace. The firm provides comprehensive solutions including mold design, tooling, finishing, and assembly.

IPO GMP

+₹186

+38% expected gain

Price Band

₹461 - ₹485

Lot Size

30 shares

Min Investment

₹14,550

Listing Date

July 30, 2026

About Indo-MIM

Company overview, business, and key facts.

Indo-MIM, founded in 1996, manufactures precision engineering components using metal injection molding (MIM) technology. Its product portfolio includes making engineering components for Automotive, Defence, Medical, Consumer, and Aerospace. The firm provides comprehensive solutions including mold design, tooling, finishing, and assembly.

Indo-Mim uses advanced technologies, including investment casting, precision machining, ceramic injection molding, and 3D metal printing, catering to a wide range of industries. The firm manufactures fuel systems, powertrains, triggers, hammers, sights, crossbows, cellphone parts, tools, nozzles, locking rings, clevises, and many more. As of FY25, the firm has manufactured over 6,400 products and operates 3 sales offices in China, Germany, and the United States, serving more than 1,000 customers. The company runs 15 manufacturing facilities in India, the US, the UK, and Mexico.

Founded

1996

Headquarters

Bangalore, Karnataka

Promoters

Green Meadows Investments Ltd

Website

http://www.indo-mim.com/

IPO Details

Issue TypeBook Building Issue
Face Value₹1
Price Band₹461 - ₹485
Lot Size30 shares
Total Issue Size₹3,811.21 Cr
Fresh Issue₹499.10 Cr
Offer for SaleApprox 6,82,91,022 Equity Shares
Listing AtBSE, NSE

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)204.34x
Non-Institutional (NII)50.61x
Retail Individual (RII)6.57x
Total Subscription72.29x

Strengths & Risks

Strengths

  • Global Leader in MIM Components Production: Largest producer of precision engineering components through Metal Injection Moulding (MIM) technique, providing complete product development and manufacturing services.
  • Diversified Product Portfolio: Provides precision components to various sectors such as automotive, defence, medical, aerospace, and consumer durable sectors, thereby minimizing dependence on a single industry.
  • Integrated Manufacturing Facilities Globally: Maintains 15 manufacturing plants across India, the USA, the UK, and Mexico, possessing backward integration and dual shore capacities.

Risks

  • Lack of Long Term Customer Relationships: Company functions based on purchase orders without any commitment from the customers. Cancellation or decrease in order might affect revenues and cash flows.
  • Dependence on Imported Raw Materials: Imports a large number of raw materials, thereby facing risks from import restrictions, changes in commodity prices, currencies, and political factors.
  • Risks of Interruption of Manufacturing Process: Functions through various manufacturing plants. Interruptions may occur owing to equipment breakdowns, labour disputes, natural calamities, and other unforeseen reasons.

Financials

Restated summary financials for the most recent periods.

PeriodRevenueProfitAssets
2023₹2,760.65₹462.69₹3,380.45
2024₹2,900.38₹283.73₹3,757.51
2025₹3,373.97₹423.73₹4,140.84
2026₹4,320.70₹533.54₹4,897.33

Figures are indicative and restated for presentation.

Indo-MIM IPO Key Numbers

Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

Revenue growth, 2026

+28.1%

16.1% a year over the period

Profit growth, 2026

+25.9%

4.9% a year over the period

Profit margin (PAT)

12.3%

EBITDA margin 25.54%

ROE / ROCE

21.26% / 26.6%

As published in the offer document

Issue mix

13.1% fresh / 86.9% sale

Fresh issue goes to the company, offer for sale to selling shareholders

GMP-implied gain per lot

₹5,580

30 shares on ₹14,550. GMP is unofficial.

What stands out

  • Profit grew 25.9% in 2026.

Watch-outs

  • 86.9% of the issue is an offer for sale, so most money goes to selling shareholders, not the company.
  • 100% of the disclosed use of proceeds is debt repayment.
  • 1 use-of-proceeds item(s) have no disclosed amount.
Listing price scenarios
If the current GMP holds₹671.00+38.4%
If GMP moves to the low end of the current source range₹669.00+37.9%
If GMP moves to the high end of the current source range₹673.00+38.8%
If the grey market premium disappears₹485.000%

Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

Not yet available for this IPO: post-IPO share count (market cap and P/E not computable).

IPO Analysis SummaryAI-generated

A plain-language review of Indo-MIM's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.

Indo-MIM IPO Review

Analysis based on live GMP, subscription, and issue details.

As of today, Indo-MIM IPO is trading at a grey market premium (GMP) of +₹186 (+38% estimated listing gain), indicating positive market sentiment.

The IPO has been subscribed 72.29x overall — QIB: 204.34x, NII: 50.61x, Retail: 6.57x.

Indo-MIM IPO subscription has closed. The shares are expected to list on July 30, 2026.

The minimum investment required is ₹14,550 for 30 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

Key strengths include: Global Leader in MIM Components Production: Largest producer of precision engineering components through Metal Injection Moulding (MIM) technique, providing complete product development and manufacturing services.; Diversified Product Portfolio: Provides precision components to various sectors such as automotive, defence, medical, aerospace, and consumer durable sectors, thereby minimizing dependence on a single industry.. Investors should note the following risks: Lack of Long Term Customer Relationships: Company functions based on purchase orders without any commitment from the customers. Cancellation or decrease in order might affect revenues and cash flows.; Dependence on Imported Raw Materials: Imports a large number of raw materials, thereby facing risks from import restrictions, changes in commodity prices, currencies, and political factors..

Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

Indo-MIM IPO — Frequently Asked Questions

What is Indo-MIM IPO GMP today?

Indo-MIM IPO GMP (grey market premium) today is +₹186, suggesting an estimated listing gain of +38%. GMP is indicative and subject to change.

What is the price band of Indo-MIM IPO?

The price band for Indo-MIM IPO is ₹461 - ₹485 with a lot size of 30 shares. The minimum investment required is ₹14,550.

When is Indo-MIM IPO allotment date?

Indo-MIM IPO allotment is expected to be finalised on July 28, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.

When will Indo-MIM IPO list on NSE/BSE?

Indo-MIM IPO is expected to list on BSE, NSE on July 30, 2026.

How to check Indo-MIM IPO allotment status?

To check Indo-MIM IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

Should I apply for Indo-MIM IPO?

Indo-MIM IPO is showing a strong GMP of +₹186 (+38%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.

What is the lot size of Indo-MIM IPO?

The lot size for Indo-MIM IPO is 30 shares per lot. The minimum investment for retail investors is ₹14,550. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.

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