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Indo-MIM Ltd.

Indo-MIM Ltd.

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Overview

INDO-MIM Limited is a global precision engineering components manufacturer that uses metal injection molding (MIM) as its core process and also offers investment casting, precision machining, ceramic injection molding and metal 3D printing. The company supplies high-tolerance parts and assemblies to OEMs across automotive, defence, medical, consumer and aerospace end-markets, supported by in-house tooling/mold design, finishing and assembly capabilities and a multi-country manufacturing footprint.

Opening Date

Jul 23, 2026

Closing Date

Jul 27, 2026

Listing Date

Jul 30, 2026

IPO Type

Mainboard

IPO Status

Open

Issue Size

3811.21 Cr

Fresh Issue

499.1 Cr

Offer for Sale

3311.21 Cr

Price Band

₹461 - ₹485

Lot Size

30

Grey Market Premium
181.00
Est. Listing gains
+37.32%
GMP Trend
Last updated 6 hours ago
Last updated 6 hours ago

IPO Timeline

Jul 23, 2026
Open Date
Jul 27, 2026
Close Date
Jul 28, 2026
Allotment Date
Jul 29, 2026
Initiation of Refunds
Jul 30, 2026
Listing Date

Financials

Revenue

Profit After Tax (PAT)

Use of IPO funds

Total IPO size₹3811.21 Cr
Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company₹400 Cr
General corporate purposes

Key Performance Indicator

P/E Ratio

44.01

EPS

11.02

ROE

21.26%

ROCE

26.6%

RONW

21.26%

Debt to Equity Ratio

PAT Margin

12.72%

EBITDA Margin

25.54%

P/B

10.63

Bull vs Bear

📈

Bull case

  • Customer stickiness can be strong because parts often get single-sourced after long validation, making revenue more durable once a part is qualified.

  • A dual-shore footprint (India, US, UK, Mexico) helps serve global OEM needs and reduces single-country operational risk, supporting steadier long-term customer relationships.

  • In-house tooling plus multiple manufacturing technologies can lock in customers who want one supplier, because replicating this depth needs time, talent, and capital.

📉

Bear case

  • Top-10 customer concentration means one large customer loss can quickly dent revenue and utilization, hurting margins in a fixed-cost manufacturing business.

  • Export dependence makes earnings sensitive to foreign demand and trade actions like tariffs, which can squeeze competitiveness and disrupt demand planning.

  • Orders are mostly purchase-order based with no committed volumes, so demand visibility is limited and production planning mistakes can raise costs or idle capacity.

Net takeaway

The long-term story is a global precision-parts platform where once you win a customer program, switching is hard and repeat business can be sticky, helped by a dual-shore setup and deep tooling and process capability. But revenue is concentrated in a few customers and heavily export-linked, and many orders have no long-term volume commitment, so demand can swing. The key thing to monitor is whether customer concentration and export mix keep improving while utilization stays healthy.

Subscription Rate

CategoryShares Bid ForShares OfferedTimes Subscribed
Qualified Institutional Buyers1.74 Cr1.57 Cr1.11x
Non-Institutional Investors9.93 Cr1.18 Cr8.45x
Retail Individual Investors5.22 Cr2.74 Cr1.90x
Employee6.05 L2.00 L3.03x
Total16.95 Cr5.51 Cr3.08x

Application Details

CategoryPrice BandApplication RangeLot Size
RegularUpto ₹2 Lakhs
EmployeeUpto ₹5 Lakhs
High Networth Individual₹2 - ₹10 Lakhs; Above ₹10 Lakhs

Frequently Asked Questions about Indo-MIM Ltd.

INDO-MIM Limited is a global precision engineering components manufacturer that uses metal injection molding (MIM) as its core process and also offers investment casting, precision machining, ceramic injection molding and metal 3D printing. The company supplies high-tolerance parts and assemblies to OEMs across automotive, defence, medical, consumer and aerospace end-markets, supported by in-house tooling/mold design, finishing and assembly capabilities and a multi-country manufacturing footprint.

The Indo-MIM Ltd. IPO is scheduled to open for subscription on Jul 23, 2026 and close on Jul 27, 2026. Investors can apply for shares during this period through eligible platforms.

The price band for the Indo-MIM Ltd. IPO is ₹461 to ₹485. Investors can place bids within this range once the issue opens.

The minimum lot size for the Indo-MIM Ltd. IPO is 30 shares. The minimum investment amount ₹14,550.

The total issue size of the Indo-MIM Ltd. IPO is approximately ₹3,811.21. Issue size represents the total value of shares offered to the public.

As per the latest available information, the Indo-MIM Ltd. IPO has been subscribed 3.08 times. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the Indo-MIM Ltd. IPO is ₹[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of Indo-MIM Ltd. are expected to list on stock exchanges on Jul 30, 2026, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the Indo-MIM Ltd. IPO are proposed to be used for We propose to utilise the Net Proceeds towards funding the following objects:, Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company., General corporate purposes.

Before applying for the Indo-MIM Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.