Indo-MIM Ltd, a Bengaluru-based precision engineering manufacturer, is set to launch its initial public offering (IPO) on July 23, 2026, with a grey market premium (GMP) of 40%. The IPO aims to raise ₹3,811 crore, with shares expected to list at ₹679 apiece based on current market trends.
IPO Details
The IPO price band has been fixed between ₹461 and ₹485 per equity share, with a lot size of 30 shares. The company has reduced the size of the fresh issue to ₹500 crore from an initially proposed ₹1,000 crore, while the offer for sale was scaled down from 12.96 crore equity shares. The subscription period will last until July 27, 2026. According to Livemint, the allocation to anchor investors is scheduled for today, July 22.
Company Background
Indo-MIM claims to be the world's largest manufacturer of metal injection molded (MIM) components, holding a 6.8% share of the global market. The company operates 15 manufacturing facilities across India, the United States, the United Kingdom, and Mexico, producing over 9,000 precision-engineered products for various sectors including automotive, aerospace, and medical. For the fiscal year 2026, Indo-MIM reported a net profit increase of 26% year-on-year, reaching ₹533.5 crore, with revenues also rising by 26% to ₹4,193 crore, reflecting strong demand in its key markets.
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The strong grey market premium indicates positive investor sentiment, which could lead to a robust listing for Indo-MIM shares. Investors are likely to monitor the performance of the IPO closely, particularly in the context of the broader market conditions.
Watch for the allocation results to anchor investors, expected later today, which may provide further insight into demand ahead of the public offering.