Indo MIM IPO: Company Sets Price Band At Rs 461 to 485 Per Share For Public Issue- Check Details

Indo-MIM's initial public offering is slated to open for subscription on July 23. The company has set the price band for its upcoming public issue. Here is a look at some key details related to the Indo-MIM IPO.

Indo-MIM IPO: Offer Size and Price Band

Indo-MIM aims to raise Rs 3,811.21 crore through its public issue. The issue is structured as a fresh issue of 10.3 million equity shares aggregating to Rs 499.10 crore and an offer for sale of 68.3 million shares aggregating to Rs 3,311.21 crore. The price band for the issue has been fixed between Rs 461 and Rs 485 per equity share.

Indo-MIM IPO: GMP

Ahead of the opening of the bidding window, shares of the company are trading at a premium. According to websites which track the demand for unlisted shares, the company's shares are currently quoting a premium of Rs 180 over the upper end of the price band, indicating a listing at Rs 665 apiece with a premium of 37.11 per cent.

Indo-MIM IPO: Lot Size and Minimum Investment

Retail investors who wish to apply for the Indo-MIM IPO can do so by bidding for a minimum lot of 30 shares, which translates to a minimum investment of Rs 14,550 at the upper end of the price band. The minimum lot size requirement for small non-institutional investors stands at 14 lots or 420 shares, amounting to an investment of Rs 2,03,700. For big non-institutional investors, the threshold is 69 lots or 2,070 shares, requiring a minimum investment of Rs 10,03,950.

Indo-MIM IPO: Reservation

Indo-MIM has reserved not more than 50 per cent of the net issue for the qualified institutional buyer category, not less than 15 per cent for the non-institutional investor category, and not less than 35 per cent of the net offer for retail investors.

Indo-MIM IPO: Subscription window, listing date, allotment date

The subscription window for the Indo-MIM IPO will open on July 23 and is set to close on July 27. The share allotment status for the public issue is expected to be finalised on July 28. Following the allotment, unsuccessful bidders will receive their refunds or have their blocked funds released on July 29, while successful allottees will get shares credited to their demat accounts on the same day. Indo-MIM shares are scheduled to be listed on both the BSE and NSE, with a tentative listing date of July 30.

Indo-MIM: Key Financials

The company's total income surged, reaching Rs 4,320.70 crore for the fiscal year ended March 31, 2026, up by 28 per cent from Rs 3,373.97 crore in the fiscal year ended March 31, 2025. The firm also registered a profit growth, with its profit after tax climbing by 25 per cent year on year to Rs 533.54 crore from Rs 423.73 crore. Additionally, the company's net worth expanded during this period, rising by 28 per cent from Rs 2,199.43 crore in FY25 to Rs 2,819.55 crore in FY26.

Indo-MIM IPO: Registrar and Management

The book running lead managers appointed for the issue are HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets. Meanwhile, MUFG Intime India Private is serving as the registrar for the issue.

Indo-MIM: Promoters

The company's promoters are Green Meadows Investments, Krishna Chivukula, Krishna Chivukula Jr, Raj Chivukula, and Jagadamba Chandrasekhar. The overall shareholding of the promoters will reduce to 77.65 per cent post issue, down from their current 92.94 per cent stake before the issue.

Indo-MIM IPO: Objective

Indo-MIM intends to utilise the net proceeds from the fresh issue for the repayment or prepayment, in full or part, of all or certain outstanding borrowings availed by the company. Additionally, the remainder will be allocated for general corporate purposes.

About Indo-MIM

Indo-MIM is a manufacturer of precision engineering components using metal injection moulding technology. The company offers end-to-end solutions, including mould design, tooling, finishing, and assembly.