Indo-MIM IPO Opens 23 July At Price Band Of ₹461-₹485 Per Share; Listing Expected On 30 July

Indo-MIM, the Bengaluru-based precision engineering components manufacturer, has fixed a price band of ₹461 to ₹485 per share for its initial public offering (IPO). The IPO opens for public subscription on 23 July and closes on 27 July, with anchor investor bidding on 22 July.

Share allotment is expected to be finalised on 28 July, with refunds and credit of shares on 29 July. The stock is scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 30 July. At the upper end of the price band, the company's post-listing market capitalisation is expected to be approximately ₹23,981 crore.

Issue Structure

The ₹3,800 crore Indo-MIM IPO comprises a fresh issue of ₹500 crore and an offer for sale of up to ₹3,312 crore by existing shareholders. Under the offer for sale, Green Meadows Investments will divest 6.05 crore shares, Anuradha Koduri will offload 54.59 lakh shares and the Indian Institute of Technology Madras will sell 23.07 lakh shares.

The company had previously trimmed the IPO size. The fresh issue was reduced to ₹500 crore from the originally proposed ₹1,000 crore, and the offer for sale was scaled down from 12.96 crore shares.

The minimum lot size is 30 shares. Of the total issue, 50% is reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.

Use Of Proceeds

Around ₹400 crore from the fresh issue will be used to repay outstanding borrowings, with the remainder allocated for general corporate purposes. As of May 2026, Indo-MIM's consolidated total borrowings stood at ₹1,212.3 crore.

About The Company

Indo-MIM manufactures precision engineering components using metal injection moulding technology across 15 facilities in India, the United States, the United Kingdom and Mexico. The company claims to be the world's largest MIM component manufacturer with a 6.8% global market share, offering more than 9,000 product types to customers in the automotive, aerospace, defence, medical and consumer goods sectors.

Financially, the company has delivered consistent growth. For FY26, net profit rose 26% year-on-year to ₹533.5 crore, while revenue from operations also grew 26% to ₹4,193 crore. HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets are the book-running lead managers for the issue.

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