Q2. Why is the company raising funds via IPO?

Indo-MIM is raising funds via IPO to repay debt and to strengthen the balance sheet and supporting growth.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO comprises a fresh issue of ₹1,000 crore plus an offer for sale (OFS) of 12.97 crore shares. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Risk points to invest in the IPO include cyclical dependence on automotive and export markets, raw material cost volatility, currency fluctuations, and competition affecting margins and demand.

Q6. How to apply for the IPO?

You can apply for the IPO via your broker’s ASBA/UPI facility or trading account by selecting the lot size once the IPO price band and dates are announced.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Indo-MIM Limited

Closed

Indo-MIM Limited

Market Cap

₹ 36,678 Crore

IPO Issue Size

₹ 3,812 Crore

Expected Price by IPOCorner

₹ 461-485

IPO Score

*Score varies on actual price

Indo‑MIM Limited is a precision engineering and manufacturing company specializing in metal injection molding (MIM) and related advanced manufacturing technologies, producing highly complex metal components for sectors such as automotive, aerospace, medical devices, and industrial applications. The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO).
The issue size of the IPO is ₹3,812 Crore, comprising a Fresh Issue of equity shares to raise up to ₹ 501 Crore along with an offer‑for‑sale (OFS) of ₹ 3,311 Crore (12.97 Cr shares by certain shareholders).

Indo-MIM Limited was incorporated in the year 1996. Mr. Krishna Chivukula is the Managing Director of the company.

The company offers Metal Injection Molding (MIM) for complex metal components, along with Investment Casting, Ceramic Injection Molding, Additive/3D Manufacturing, Precision Machining, and production of Metal Powders. It serves customers in over 45–50 countries globally across sectors such as automotive, aerospace, medical, defence, consumer and industrial segments.

Subscription date to apply for Indo-MIM Limited is 23rd July & it closes on 27th July. Price band for the IPO is ₹461-485.

Year	2025
Networth	₹ 2199.43 Cr
Revenue	₹ 3329.57 Cr
EBITDA	₹ 932.59 Cr
PAT	₹ 423.73 Cr
EBITDA Margin	~28.01%
PAT Margin	~12.73%
Face Value	Rs.1 per Equity Share

IPO Important Dates

#	Date
Open Date	23-Jul
Close Date	27-Jul
Anchor Investor Bidding	22-Jul
Allotment Date	28-Jul
Refunds& Demat Credit	29-Jul
Tentative Listing Date	30-Jul

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 720 Cr
-	-
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 2,692.8	₹ 2,870.4	₹ 3,329.6
PAT (₹ Cr)	₹ 462.7	₹ 283.7	₹ 423.7
Asset (₹ Cr)	₹ 3,380.4	₹ 3,757.5	₹ 4,140.8
Net Worth (₹ Cr)	₹ 1,999.6	₹ 2,050.5	₹ 2,199.4

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
26 July	₹ 461-485	₹ 240	₹ 7,200
25-July	₹ 461-485	₹ 220	₹ 6,600
24-July	₹ 461-485	₹ 210	₹ 6,300
23-July	₹ 461-485	₹ 200	₹ 6,000
22-July	₹ 461-485	₹ 180	₹ 5,400

Pros

Leader in Metal Injection Molding with global presence.
Diversified client base across automotive, aerospace, and medical sectors.
Strong growth potential due to increasing demand for precision components.
Technologically advanced manufacturing processes.
International footprint with facilities in India, USA, UK, and Mexico.

Cons

High dependence on automotive sector makes revenue cyclical.
Exposure to global economic slowdown affecting exports.
Capital-intensive operations may impact margins.
Limited brand recognition outside B2B industrial clients.
IPO pricing and valuation may be premium, posing short-term risk.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Green Meadows Investments Ltd	90.84%
Jagadamba Chandrasekhar	1.16%
Krishna Chivukula	0.21%
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	30 Shares	1	30 Shares	₹ 14,550
Retail (Max)	30 Shares	13	390 Shares	₹ 1,89,150
HNI (Min)	30 Shares	14	420 Shares	₹ 2,03,700
HNI (Max)	30 Shares	66	1,980 Shares	₹ 9,60,300
Big HNI (Min)	30 Shares	67	2,010 Shares	₹ 9,74,850

Key Performance Index (KPI)

ROE	19.94%
ROCE	23.51%
RoNW	19.94%

Lead / Book Running Lead Managers

HDFC Bank Ltd, Axis Capital Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd, SBI Capital Markets Ltd

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of Indo-MIM Limited?

Indo‑MIM is a precision engineering firm that manufactures complex metal components using MIM, investment casting, precision machining, ceramic injection molding, and additive manufacturing for automotive, defence, aerospace, medical, and consumer sectors.

Q2. Why is the company raising funds via IPO?
Indo-MIM is raising funds via IPO to repay debt and to strengthen the balance sheet and supporting growth.
Q3. What is the size of the issue and where will it list?
The issue size of the IPO comprises a fresh issue of ₹1,000 crore plus an offer for sale (OFS) of 12.97 crore shares. It will be listed on the BSE & NSE platform.
Q4. What are the risks to an investor?
Risk points to invest in the IPO include cyclical dependence on automotive and export markets, raw material cost volatility, currency fluctuations, and competition affecting margins and demand.

Q5. What are the potential upsides?

Strong points of Indo-MIM is its leadership in global precision manufacturing with strong technological edge, diversified end‑markets, and growth from capacity expansion and advanced manufacturing adoption.

Q6. How to apply for the IPO?
You can apply for the IPO via your broker’s ASBA/UPI facility or trading account by selecting the lot size once the IPO price band and dates are announced.
Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.