Indo-MIM IPO Opens: ₹3,811 Cr Issue, 38% Listing Premium Expected
By IPO Desk
Indo-MIM’s ₹3,811 crore IPO launched July 23. Grey market premium suggests a strong 38.14% listing gain. Details on price band, dates, and allocation.
Indo-MIM’s ₹3,811 crore initial public offering (IPO) opened for subscription on July 23, with its Grey Market Premium (GMP) indicating a potential 38.14% listing premium. This precision engineering firm aims to raise significant capital from the market.
The IPO is structured with a fresh issue and an Offer for Sale (OFS), defining the total capital raise and share distribution.
Overall issue size: ₹3,810.31 crore
Fresh equity shares: 1.03 crore worth ₹499.10 crore
Offer for Sale (OFS): 6.83 crore shares valued at ₹3,311.21 crore
Price band: ₹461 to ₹485 per share
Retail minimum bid: 30 shares requiring ₹14,550
The subscription window for the Indo-MIM IPO runs until July 27. Allotment finalization is expected on July 28, with shares slated for listing on the NSE and BSE by July 30. Proceeds from the fresh issue will primarily repay existing borrowings.
Financial Performance & Industry Focus
Indo-MIM reported strong financial growth in the last fiscal year, detailing significant increases in both revenue and profitability.
FY26 Total Income: ₹4,320.70 crore, up from ₹3,373.97 crore in FY25
FY26 Profit After Tax (PAT): ₹533.54 crore, compared to ₹423.73 crore previously
Revenue growth: 28% year-over-year
PAT growth: 26% year-over-year
Established in 1996, Indo-MIM specializes in metal injection moulding (MIM) technology. The company provides comprehensive manufacturing solutions across diverse sectors including automotive, defence, aerospace, medical, and consumer products.