Indo-MIM IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 5 |
|---|---|---|---|
| QIB | 0.18x | 1.11x | 204.34x |
| NII | 3.03x | 8.44x | 50.63x |
| bNII > ₹10L | 2.75x | 8.26x | 57.68x |
| sNII 2-10L | 3.57x | 8.80x | 36.53x |
| Retail | 0.86x | 1.89x | 6.67x |
| Employee | 1.49x | 3.02x | 9.44x |
| Total | 1.13x | 3.07x | 72.34x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 2,760.65 | 2,900.38 | 3,373.97 | 4,320.70 |
| Expense | 2,141.78 | 2,388.70 | 2,691.89 | 3,508.93 |
| Profit (PAT) | 462.69 | 283.73 | 423.73 | 533.54 |
| Total Assets | 3,380.45 | 3,757.51 | 4,140.84 | 4,897.33 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Indo-MIM This IPO | 11.06 | - | 21.26 | 58.24 | - |
| Jiangsu Gian Technology Co, Ltd | 3.91 | 148.00 | 3.10 | 165.13 | 4,060.51 Cr |
Promoters & Holding Pattern
Promoters: Green Meadows Investments Ltd., Krishna Chivukula Krishna Chivukula Jr, Raj Chivukula and Jagadamba CHandrasekhar
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 48,41,53,072 | 92.94% |
| Promoter Holding Post Issue | 49,44,62,350 | 77.65% |
Strengths & Risks
- Heavily oversubscribed — 72.3x overall (so far).
- Strong institutional (QIB) demand — 204.3x.
- Revenue grew 28% in the latest reported year.
- Solid profit margin — 12.4%.
- Strong return on equity — 21%.
- Largely an offer for sale — most proceeds go to selling shareholders, not the company.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Indo-MIM
Indo-MIM, founded in 1996, manufactures precision engineering components using metal injection molding (MIM) technology. Its product portfolio includes making engineering components for Automotive, Defence, Medical, Consumer, and Aerospace. The firm provides comprehensive solutions including mold design, tooling, finishing, and assembly. Indo-Mim uses advanced technologies, including investment casting, precision machining, ceramic injection molding, and 3D metal printing, catering to a wide range of industries. The firm manufactures fuel systems, powertrains, triggers, hammers, sights, crossbows, cellphone parts, tools, nozzles, locking rings, clevises, and many more. As of FY25, the firm has manufactured over 6,400 products and operates 3 sales offices in China, Germany, and the United States, serving more than 1,000 customers. The company runs 15 manufacturing facilities in India, the US, the UK, and Mexico.
Company Contact Information
Indo-MIM Ltd., 45(P), KIADB Industrial Area, Hoskote, Bangalore Urban, Karnataka, 562114
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company; and | 720.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Indo-MIM IPO - Quick Take
Indo-MIM has set a price band of Rs 461–Rs 485 per share for an issue size of Rs 3,811 crore. The stock listed with a 44.33% gain versus its issue price on July 30, 2026.
The issue is promoted by Green Meadows Investments Ltd., Krishna Chivukula Krishna Chivukula Jr, Raj Chivukula and Jagadamba CHandrasekhar with HDFC Bank Ltd., Axis Capital Ltd., ICICI Securities Ltd., Kotak Mahindra Capital Co. Ltd., SBI Capital Markets Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company; and (Rs 720 crore) and general Corporate Purpose.
On fundamentals, the company is posting revenue growth of 28.1%, a profit margin of 12.4%, return on equity of 21.3% in its most recent reported period. Listed peers in this segment include Jiangsu Gian Technology Co, Ltd (P/E 148.00x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Indo-MIM IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 38.6%. Of the 23 Mainboard IPOs we have tracked with a final GMP of 25% or more, 23 listed above, 0 flat and 0 below the issue price; Indo-MIM listed 44.3% above its issue price.
See the full Indo-MIM GMP history and trend, or learn how grey market premium works and how reliable it is.
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