Indo-MIM IPO
Capital Goods-Non Electrical Equipment • ₹3812.11 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- The company relies heavily on imported raw materials for its manufacturing operations. Raw…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹485
Lot Size
30 shares
Issue Size
₹3812.11 Cr
Open
23 Jul 2026
Close
27 Jul 2026
Subscription
72.3×
IPO Schedule
| Issue Open Date | 23 Jul 2026 |
| Issue Close Date | 27 Jul 2026 |
| Allotment Date | 28 Jul 2026 |
| Listing Date | 29 Jul 2026 |
About Indo-MIM
Indo-MIM Limited is a precision engineering company that manufactures components using metal injection molding (MIM) technology. The company provides end-to-end manufacturing solutions, including mold design, tooling, finishing, and assembly. In addition to MIM, it also uses investment casting, precision machining, ceramic injection molding, and metal 3D printing to manufacture components. Its products serve the automotive, defence, medical, consumer, and aerospace sectors, with applications ranging from vehicle safety systems and firearm components to surgical devices, aerospace parts, and consumer products. During FY26, the company manufactured over 9,000 product types. As of March 31, 2026, Indo-MIM operated 15 manufacturing facilities, including six in India, six in the United States, two in the United Kingdom, and one in Mexico. The company also has sales offices in China, Germany, and the United States, serving customers across North America, Europe, and Southeast Asia. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company — Rs 400 crore General corporate purposes
Company Details
Founders / Promoters
Mr Krishna Chivukula
Founded
1996
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Indo-MIM — IPOFins Verdict
QuantitativeDriven by QIB demand at 204.3x and moderate disclosed risk (6/10), Indo-MIM listed at a premium of 44.3% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims to be the world’s largest manufacturer of precision engineering components using metal injection molding (MIM) technology. According to the F&S Report, it held a 6.8% global market
- The company has a diversified manufacturing setup supported by global facilities. As of March 31, 2026, it operated 15 manufacturing facilities across India, the United States, the United Kingdom, and
- The company claims to use advanced manufacturing technologies to improve production efficiency. As of March 31, 2026, it had deployed 436 robots and 476 IoT-enabled machines across its manufacturing f
- The company serves a diversified customer base across multiple industries and geographies. Its products cater to the automotive, defence, medical, consumer, and aerospace sectors, and during FY26 it s
- The company’s manufacturing facilities are certified to multiple international quality and safety standards. These include IATF 16949:2016 for automotive quality management systems, AS 9100:2016 for a
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹485
Listing Price
₹700
Listing Gain/Loss
+44.33%
Listing Date
29 Jul 2026
Price Since Listing
Returns are measured against the ₹485 issue price.
Listing
₹700
+44.3%
1 Week
₹801.95
+65.4%
1 Month
₹868.05
+79.0%
Current
₹994.55
+105.1%
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Trade Indo-MIM on the secondary market
FAQ
What is the price band of Indo-MIM IPO?
The price band is ₹485 per share with a lot size of 30 shares. Minimum investment: ₹14,550.
What does Indo-MIM do?
Indo-MIM Limited is a precision engineering company that manufactures components using metal injection molding (MIM) technology. The company provides end-to-end manufacturing solutions, including mold design, tooling, finishing, and assembly. In addition to MIM, it also uses investment casting, precision machining, ceramic injection molding, and metal 3D printing to manufacture components. Its products serve the automotive, defence, medical, consumer, and aerospace sectors, with applications ranging from vehicle safety systems and firearm components to surgical devices, aerospace parts, and consumer products. During FY26, the company manufactured over 9,000 product types. As of March 31, 2026, Indo-MIM operated 15 manufacturing facilities, including six in India, six in the United States, two in the United Kingdom, and one in Mexico. The company also has sales offices in China, Germany, and the United States, serving customers across North America, Europe, and Southeast Asia. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company — Rs 400 crore General corporate purposes
Should I apply for Indo-MIM IPO?
Indo-MIM listed at ₹700 (+44.3% premium to the ₹485 issue price) after 72.3x subscription. IPOFins Score 9/10: Driven by QIB demand at 204.3x and moderate disclosed risk (6/10), Indo-MIM listed at a premium of 44.3% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Indo-MIM?
Indo-MIM was founded by Mr Krishna Chivukula in 1996.