Indo-MIM IPO Opens: ₹3,812 Cr Target, ₹461-485 Price Band
By Business Desk
Indo-MIM’s IPO launched July 23, 2026, aiming to raise ₹3,812 Cr. Priced at ₹461-485, the precision engineering firm targets debt reduction and sustained profits.
Precision engineering firm Indo-MIM commenced its Initial Public Offering today, July 23, 2026, seeking to raise ₹3,812 crore. The subscription period for the IPO will conclude on July 27.
Shares are priced between ₹461 and ₹485, setting the company’s valuation at approximately ₹24,000 crore.
Key Financials & IPO Targets
- Total IPO target: ₹3,812 crore
- Price band: ₹461-485 per share
- Valuation: approx. ₹24,000 crore
- Fresh issue: ₹500 crore
- Offer-for-sale: ₹3,312 crore
- Anchor round secured: ₹1,141 crore
- Debt reduction allocation: ₹400 crore
- Existing debt (May 2026): ₹1,212.3 crore
- FY2026 Revenue: ₹4,193 crore
- FY2026 Profit: ₹533.5 crore
- Growth in FY2026: 25.9%
Offer Structure
The IPO comprises a fresh issue of shares totaling ₹500 crore, alongside an offer-for-sale (OFS) amounting to ₹3,312 crore. The OFS segment allows existing shareholders to divest their stakes.
- Green Meadows Investments
- Anuradha Koduri
- Indian Institute of Technology Madras
Anchor Investor Commitment
Prior to the public offering, Indo-MIM successfully secured ₹1,141 crore from 92 institutional investors in its anchor book round on July 22. This pre-IPO funding round attracted both domestic and international participants.
- SBI Mutual Fund
- HDFC Mutual Fund
- BlackRock Global Funds
- Goldman Sachs
Debt Strategy & Performance
A substantial portion of the fresh issue, ₹400 crore, is earmarked for reducing the company’s existing debt, which stood at ₹1,212.3 crore as of May 2026. This move aims to lower interest expenses and enhance financial flexibility.
For the fiscal year ending March 2026, Indo-MIM reported a revenue of ₹4,193 crore and a profit of ₹533.5 crore. Both metrics demonstrated a 25.9% growth compared to the preceding period.
Investors will now focus on the company’s capability to sustain profit margins, effectively manage debt post-IPO, and execute its expansion plans within the competitive precision engineering sector.