Indo-MIM IPO
Capital Goods-Non Electrical Equipment • ₹3811cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- A major portion of revenue from operations is generated from exports to foreign jurisdicti…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹461-485
Lot Size
30 shares
Issue Size
₹3811cr
Open
23 Jul 2026
Close
27 Jul 2026
Subscription
72.3×
GMP +₹184 → est. ₹669
IPO Schedule
| Issue Open Date | 23 Jul 2026 |
| Issue Close Date | 27 Jul 2026 |
| Allotment Date | 28 Jul 2026 |
| Listing Date | 30 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 (5/10), 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.
- INDO-MIM is a leading global provider of precision engineering components utilising metal injection molding technology.
- The company operates fifteen manufacturing facilities across India, the United States, the United Kingdom, and Mexico.
- The company offers end-to-end capabilities ranging from mold designing and tooling to finishing, assembly, and in-house stainless steel powder manufacturing.
- The business is diversified across major end-use industries including automotive, defence, medical, consumer products, and aerospace sectors.
- The company has a global customer footprint with long-standing relationships and exports to markets across North America, Europe, and Asia.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
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
30 Jul 2026
Price Since Listing
Returns are measured against the ₹485 issue price.
Listing
₹700
+44.3%
Want to buy this stock?
Trade Indo-MIM on the secondary market
FAQ
What is the price band of Indo-MIM IPO?
The price band is ₹461-485 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 (5/10), 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.