Indo-MIM IPO GMP Hits ₹196: 40% Listing Gain Expected

Indo-MIM’s Initial Public Offering (IPO) concluded bidding on Monday, July 27, 2026. Its Grey Market Premium (GMP) hit Rs 196, indicating an estimated listing gain of approximately 40% for investors.

IPO Performance Overview

The IPO was subscribed over 7.5 times overall. This strong demand was primarily driven by Non-Institutional Investors (NIIs), who subscribed 25.54 times.

The retail portion saw a subscription of 3.53 times. Qualified Institutional Buyers (QIBs) subscribed 1.28 times by the end of Day 3.

Issue Details and Financials

The total issue size reached Rs 3,810.31 crore. Shares were priced between Rs 461 and Rs 485, with an estimated listing price around Rs 681.

The IPO included a fresh issue of 1.03 crore equity shares, valued at Rs 499.10 crore. An Offer for Sale (OFS) of 6.83 crore equity shares amounted to Rs 3,311.21 crore.

Retail investors faced a minimum bid size of 30 shares. This required an investment of Rs 14,550 at the upper price band.

HDFC Bank Ltd. served as the book-running lead manager. MUFG Intime India Pvt. Ltd. was the registrar. Share allotment is anticipated on July 28, with listing on the NSE and BSE tentatively scheduled for July 30.

Company Profile and Outlook

Indo-MIM is a leading global manufacturer using Metal Injection Moulding (MIM) technology. It supplies precision components to automotive, aerospace, defence, and medical industries.

The company reported strong FY26 financials. Revenue increased by 28% year-on-year, and profit after tax rose 26%.

Total income reached Rs 4,320.70 crore, and EBITDA climbed to Rs 1,070.92 crore. The fresh issue proceeds will primarily repay outstanding borrowings.

Founded in 1996, Indo-MIM produced over 6,400 different products in FY26. It provides comprehensive manufacturing solutions from design to assembly.