Indo-MIM IPO: Overview
Indo-MIM Limited, a Bengaluru-based precision engineering components manufacturer, is set to launch its ₹3,811.21 crore mainboard IPO on July 23, 2026. The issue will close on July 27, 2026, with listing on both BSE and NSE scheduled for July 30, 2026.
This is one of the larger mainboard IPOs of the July 2026 window, combining a fresh issue with a sizeable offer for sale from existing shareholders.
Indo-MIM IPO: Key Dates
|
Event |
Date |
|
IPO Open Date |
July 23, 2026 |
|
IPO Close Date |
July 27, 2026 |
|
Anchor Bidding Date |
July 22, 2026 |
|
Basis of Allotment |
July 28, 2026 |
|
Refunds Initiated |
July 29, 2026 |
|
Credit to Demat Account |
July 29, 2026 |
|
Listing Date (BSE, NSE) |
July 30, 2026 |
Indo-MIM IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹1 per equity share |
|
Price Band |
₹461 to ₹485 per share |
|
Total Issue Size |
~₹3,811.21 crores |
|
Fresh Issue |
~₹499.10 crores |
|
Offer for Sale |
Up to 6,82,91,022 equity shares |
|
Issue Type |
Book Building Issue |
|
Listing |
BSE, NSE |
Retail investors have been allotted 35% of the issue, QIBs 50%, and HNIs/NIIs 15%.
Indo-MIM IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Minimum) |
1 |
30 |
₹14,550 |
|
Retail (Maximum) |
13 |
390 |
₹1,89,150 |
|
S-HNI (Minimum) |
14 |
420 |
₹2,03,700 |
|
S-HNI (Maximum) |
68 |
2,040 |
₹9,89,400 |
|
B-HNI (Minimum) |
69 |
2,070 |
₹10,03,950 |
About Indo-MIM
Founded in 1996, Indo-MIM manufactures precision engineering components using Metal Injection Molding (MIM) technology, alongside investment casting, precision machining, ceramic injection molding, and 3D metal printing. The company serves the Automotive, Defence, Medical, Consumer, and Aerospace sectors, offering end-to-end solutions spanning mold design, tooling, finishing, and assembly.
Its product range is broad — from fuel systems and powertrain components to firearm parts like triggers and hammers, along with cellphone components, tools, nozzles, and locking rings. As of FY25, the company had manufactured over 6,400 products, operates 15 manufacturing facilities across India, the US, the UK, and Mexico, runs 3 international sales offices (China, Germany, US), and serves more than 1,000 customers globally.
Objects of the Issue
The net proceeds from the fresh issue are primarily earmarked for:
|
Purpose |
Amount |
|
Repayment/prepayment of outstanding borrowings |
₹400.00 crores |
|
General corporate purposes |
Balance amount |
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2023 |
₹2,760.65 Cr |
₹2,141.78 Cr |
₹462.69 Cr |
₹3,380.45 Cr |
|
FY2024 |
₹2,900.38 Cr |
₹2,388.70 Cr |
₹283.73 Cr |
₹3,757.51 Cr |
|
FY2025 |
₹3,373.97 Cr |
₹2,691.89 Cr |
₹423.73 Cr |
₹4,140.84 Cr |
|
FY2026 |
₹4,320.70 Cr |
₹3,508.93 Cr |
₹533.54 Cr |
₹4,897.33 Cr |
Revenue has grown consistently year-on-year, and profit after tax has followed an overall upward trend (with FY24 showing a dip before recovering strongly in FY25 and FY26).
Key Valuation Metrics (FY2026)
|
KPI |
Value |
|
ROE |
21.26% |
|
ROCE |
26.60% |
|
EBITDA Margin |
25.54% |
|
PAT Margin |
12.72% |
|
Basic EPS |
₹11.06 |
|
RoNW |
21.26% |
|
NAV |
₹58.24 |
Peer Comparison
The company's only listed comparable in its offer document is a Chinese peer:
|
Company |
EPS |
P/E Ratio |
RoNW |
NAV |
Income |
|
Jiangsu Gian Technology Co., Ltd |
3.91 |
148.00 |
3.10% |
165.13 |
₹4,060.51 Cr |
With no directly comparable listed Indian peer in the MIM/precision-engineering space, valuation comparisons are limited — something investors should factor into their assessment.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
Frequently Asked Questions (FAQs)
Q1. What is the Indo-MIM IPO price band?
The price band is set at ₹461 to ₹485 per equity share.
Q2. When does the Indo-MIM IPO open and close?
The IPO opens on July 23, 2026, and closes on July 27, 2026.
Q3. What is the Indo-MIM IPO lot size?
The minimum lot is 30 shares, requiring an application amount of ₹14,550 at the upper price band.
Q4. What is the total issue size of the Indo-MIM IPO?
The total issue size is approximately ₹3,811.21 crores, comprising a fresh issue of ~₹499.10 crores and an offer for sale of up to 6,82,91,022 equity shares.
Q5. When will Indo-MIM shares list, and on which exchanges?
Shares are expected to list on both BSE and NSE on July 30, 2026.
Q6. What does Indo-MIM manufacture?
Indo-MIM manufactures precision engineering components using metal injection molding and related technologies, serving the automotive, defence, medical, consumer, and aerospace industries.
