Indo-MIM Limited provides end-to-end solutions for the aerospace, automotive, medical, and defence sectors. It is recognised globally as the largest manufacturer of precision engineering components utilizing advanced Metal Injection Molding (MIM) technology.
The Indo-MIM Limited IPO is open for public investors from July 23 to July 27, 2026.
The enterprise aims to raise up to ₹3,812.11 crores through a ₹500 crore fresh issue and an Offer for Sale of 6,82,91,022 equity shares. Track all the mainboard and sme IPOs at a single place: Latest IPOs of India.
The price band is fixed at ₹461 to ₹485 per share, with a ₹45 discount for eligible employees.
Retail bidders require a minimum lot size of 30 shares.
Find all essential Indo-MIM Limited IPO information here, from today's GMP and subscription figures to allotment timelines and price limits.
Briefs of Indo-MIM Limited IPO Details
- Price Band: ₹461 – ₹485 per share (Employee Discount: ₹45)
- IPO Open / Close Dates: 23 July 2026 / 27 July 2026
- Lot Size: 30 shares
- Issue Size: ₹3,648.22 – 3,812.11 crores
- Fresh Issue / OFS: Fresh Issue of ₹500 crores / OFS of 6,82,91,022 shares
- Registrar: MUFG Intime India Private Limited
- Listing Exchange: NSE, BSE
IPO Reservation
- Face value: ₹1 per share
- Anchor offer: Up to 60% of the QIB portion
- QIB-shares: Not more than 50% of the Net Offer
- NIIs-Shares offered: Not less than 15% of the Net Offer
- RIIs- Shares offered: Not less than 35% of the Net Offer
How much is the Indo-MIM Limited IPO GMP Trading at Today?
Check our central GMP portal for daily adjustments driven by market demand. Remember that these premiums are unofficial metrics and are not regularised by SEBI, NSE, or BSE.
For more reports on GMP check our : IPO GMP vs Listing Accuracy Study 2026.
Also check this if you want to track GMPs of only mainboard IPOs, 25 Mainboard IPOs: GMP vs Actual Listing Performance – A Data Study.
What are the Critical Dates and the Basis of Allotment Schedule for the Indo-MIM Limited IPO?
- IPO Open & Close Date: 23 July 2026 to 27 July 2026
- Basis of Allotment Date: 28 July 2026
- Refund Initiation Date: 29 July 2026
- Credit of Shares: 29 July 2026
- Listing Date: 30 July 2026
How does Indo-MIM Limited intend to use the Capital raised from this IPO?
The company will channel the net revenue from the new issue into the purposes listed below:
- Repayment or Prepayment of Borrowings: An allocation of ₹400.00 crores will be used to fully or partially repay outstanding loans to deleverage the balance sheet and reduce finance costs.
- General Corporate Purposes: A maximum of 25% of the gross proceeds will be assigned to finance strategic opportunities and routine corporate expenses.(Note: All proceeds from the Offer for Sale segment will go to the selling shareholders, not the company.)
How is The Financial Performance of Indo-MIM Limited ?
Here is a summary of the company's financial performance, presented in units of Rupees Crore.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 4,320.70 | 3,373.97 | 2,900.38 |
Profit After Tax | 533.54 | 423.73 | 283.73 |
EBITDA | 1,070.92 | 932.60 | 743.46 |
Total Borrowing | 1,090.49 | 1,247.20 | 1,085.01 |
Assets | 4,897.33 | 4,140.84 | 3,757.51 |
Source: RHP
Financial Observations
Total Income
The company showcased a consistent and robust expansion in its overall revenue over the past three fiscal years.
- Revenue grew significantly from ₹2,900.38 crores in FY24 to ₹4,320.70 crores in FY26.
- This growth is supported by rising global demand for Metal Injection Molding components across diverse sectors.
- A strong presence in key international markets has bolstered the top line.
Profit After Tax
Net earnings observed substantial upward movement alongside the expansion in operational scale.
- PAT surged from ₹283.73 crores in FY24 to ₹533.54 crores in FY26.
- The company maintained a strong PAT margin of 12.72% in the latest fiscal year.
- High entry barriers allowed the firm to protect its profitability against intense market pressures.
EBITDA
Operational earnings increased steadily as the business leveraged its dual-shore manufacturing presence.
- EBITDA expanded from ₹743.46 crores in FY24 to ₹1,070.92 crores in FY26.
- The EBITDA margin stood at an impressive 25.54% in FY26.
- Cost controls and vertically integrated capabilities supported this sustained margin.
Total Borrowing
The firm maintained relatively stable debt levels while financing its capital-intensive precision manufacturing operations.
- Total borrowings fluctuated slightly, ending at ₹1,090.49 crores in FY26.
- The Debt to Total Net Worth ratio stood at a comfortable 0.39x in FY26.
- A major portion of the fresh IPO proceeds is allocated to repaying these specific liabilities.
Assets
The overall resource base widened to accommodate growing global order executions.
- Total assets grew from ₹3,757.51 crores in FY24 to ₹4,897.33 crores in FY26.
- This expansion supports the company's 15 manufacturing facilities located across India, the US, the UK, and Mexico.
- Investment in complex tooling and advanced machining capabilities contributed to this asset base.
What Are The P/E ratio and Peer Comparison?
Calculated by dividing a stock's market price by its EPS, the P/E multiple helps market participants determine if a stock is priced fairly relative to its net earnings.
Using the highest set issue price of ₹485 and the reported FY26 Basic EPS of ₹11.06, this company's valuation is roughly 43.85x P/E.
Company | Revenue from Operations (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) | EPS (Basic) (₹) | RoE (%) | P/E Ratio |
Indo-MIM Limited (FY26) | 4,192.99 | 1,070.92 | 533.54 | 11.06 | 21.26 | 43.85 |
Jiangsu Gian Technology Co, Ltd | 4,060.51 | 598.50 | 94.21 | 3.91 | 3.10 | 148.00 |
Analysis:
Indo-MIM Limited enters the primary market with an implied P/E multiple of approximately 43.85x at the upper price band.
When compared to its sole global listed peer, Jiangsu Gian Technology Co, Ltd (China), which trades at a lofty P/E of 148.00x, the issue appears comparatively grounded.
Furthermore, Indo-MIM's EBITDA margin of 25.54% and Return on Equity (RoE) of 21.26% significantly outperform Jiangsu's respective figures of 14.74% and 3.10%.
This indicates Indo-MIM's superior operational efficiency, robust profitability, and strong global market positioning in the precision engineering space.
What is The Industry Outlook of Indo-MIM Limited?
Growth potential: The precision components industry, specifically the Metal Injection Molding (MIM) sector, is experiencing steady growth as original equipment manufacturers (OEMs) increasingly seek lightweight, complex, and high-strength metal parts. Sectors like medical devices, aerospace, and consumer electronics are driving sustained long-term demand for MIM capabilities globally.
Market trends and competitors: The precision component market features very high entry barriers due to complex technological requirements, high capital expenditures, and lengthy product validation cycles spanning 2-3 years. Consequently, OEMs tend to stick with established suppliers, creating a market environment with low churn rates and concentrated global competition.
What Are The Strengths and Risks of Indo-MIM Limited IPO ?
Strengths:
- Global Leadership: The company is the largest global manufacturer of MIM precision components, holding a 6.8% market share in terms of MIM revenue.
- Sticky Customer Base: Due to stringent OEM validation processes, client retention is exceptionally high. In FY26, 91.60% of the firm's revenue was generated from repeat customers.
- Dual-Shore Manufacturing: Operating 15 facilities globally (including in India, the US, the UK, and Mexico) mitigates supply chain risks and allows the company to cater effectively to diverse geographic regions.
Risks:
- Geographic and Forex Risk: The company relies heavily on the export market, which contributed 77.20% of its revenue in FY26 (43.68% from North America alone), exposing it to foreign exchange volatility.
- Raw Material Import Dependency: A significant portion of raw materials is imported (60.95% of total purchases in FY26). Any global supply chain disruptions or commodity price swings could squeeze margins.
- Customer Concentration: The top 10 customers contributed 38.41% of the total revenue in FY26. The loss of a major OEM contract would materially impact overall financial performance.
Key Considerations for Investors
- Debt Reduction: The company will utilize ₹400 crores from the fresh issue to reduce its FY26 borrowings of ₹1,090.49 crores, aiming to lower ongoing finance costs.
- Geographic Exposure: Deriving 77.20% of FY26 revenue from exports (43.68% from North America) exposes the firm to foreign exchange volatility and global market shifts.
- Supply Chain Vulnerability: The business imports 60.95% of its raw materials, leaving its margins vulnerable to global supply chain disruptions and commodity price fluctuations.
- Client Concentration: The top 10 customers contributed 38.41% of total revenue in FY26, indicating reliance on a few key OEM contracts.
important IPO Resources:
1. IPO Calendar India | Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
3. Latest IPO Subscription Status Today | Live Updates
4. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
5. June 2026 IPO Subscription Review: 25 IPOs Data, Demand Patterns & Key Trends
Key Takeaways
- IPO Price Band: ₹461 to ₹485 per equity share
- Lot Size: 30 shares (Minimum retail investment of ₹14,550)
- Allotment Date: Allotment on 28 July 2026
- Listing Date: Listing on NSE and BSE on 30 July 2026
FAQs on Indo-MIM Limited IPO
What is the current market demand reflected in today's Indo-MIM Limited IPO GMP?
Current GMP figures for this mainboard issue are available on our tracking page, reflecting daily shifts in unofficial market sentiment.
What is Indo-MIM Limited IPO price band?
The price band has been fixed at ₹461 to ₹485 per equity share, with a ₹45 discount for eligible employees.
What is Indo-MIM Limited IPO allotment date?
The company plans to lock in the final share allotment on July 28, 2026.
How to check Indo-MIM Limited IPO allotment status?
Once allocation concludes, you can verify your share status by inputting your PAN or application details on the official MUFG Intime India Private Limited registrar page. .
What is Indo-MIM Limited IPO listing date?
Trading for these equity shares is scheduled to begin on the NSE and BSE platforms on July 30, 2026.
Investment Perspective on Indo-MIM Limited IPO
Indo-MIM Limited presents a compelling investment opportunity as the world’s largest Metal Injection Molding manufacturer, commanding a 6.8% global market share. The company boasts robust financials, with FY26 revenue reaching ₹41,929.85 million and a strong 26.60% RoCE. Its dual-shore manufacturing across 15 global facilities provides distinct, long-term competitive advantages.
While high export reliance (77.2%) and raw material import dependency pose risks, the IPO proceeds will meaningfully deleverage its balance sheet, further strengthening its superior profitability against its sole global peer.
Decisions should be formed after a careful reading of the RHP, taking into account the company's reliance on the export market, foreign exchange exposure, and global supply chains.
Disclaimer:
This article provides general market insights instead of personal investment advice. It is highly recommended to speak with a SEBI-regulated advisor before purchasing any equities.
