Indo‑MIM IPO Launches on July 23 – Full Details on Price Band, Lot Size, and More

Indo‑MIM, the Bengaluru‑headquartered specialist that makes precision‑engineered components using metal injection moulding (MIM) technology, has finally fixed the numbers for its long‑awaited initial public offering. The issue is slated to open for subscription on 23 July, with anchor‑investor bidding kicking off a day earlier, on 22 July.

What does the offering look like on paper? In total, the company is putting forward a Rs 3,800 crore package – a fresh issue of Rs 500 crore coupled with an offer‑for‑sale (OFS) of up to Rs 3,312 crore by existing shareholders and promoters. The price band has been set between Rs 461 and Rs 485 per share, meaning investors will have a modest range to decide where they want to place their bids.

Each applicant must apply for a minimum lot of 2.5 lakh shares, the standard lot size for most Indian IPOs, and can go up to the maximum allotted in the prospectus. The issue will close on 27 July, after which the final allocation will be worked out on 28 July. Refunds and the credit of allotted shares are scheduled for 29 July, and the stock is expected to start trading on both the BSE and NSE on 30 July.

Who’s selling what? Under the OFS, Green Meadows Investments will off‑load 6.05 crore shares, Anuradha Koduri will part with 54.59 lakh shares, and the Indian Institute of Technology Madras will sell 23.07 lakh shares. The fresh issue, meanwhile, is being managed by a consortium of merchant bankers – HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets – with MUFG Intime acting as registrar.

Financially, Indo‑MIM has shown some healthy momentum. In the fiscal year that ended March 2026, the firm posted a 26 percent jump in profit to Rs 533.5 crore, while revenue rose in tandem to Rs 4,193 crore. The company says it will use roughly Rs 400 crore of the fresh‑issue proceeds to pay down borrowings, with the balance earmarked for general corporate purposes. As of May 2026, its consolidated debt stood at about Rs 1,212.3 crore.

On the operational front, Indo‑MIM operates 15 manufacturing facilities spread across India, the United States, the United Kingdom and Mexico. It claims to be the world’s largest producer of precision components made through MIM, holding roughly a 6.8 percent share of the global market. Its product portfolio serves the automotive, defence, medical, consumer and aerospace sectors, with more than 9,000 distinct part numbers.

At the top end of the price band, the post‑listing market capitalisation is expected to hover around Rs 23,981 crore – a sizable figure for a company that started its journey just a couple of decades ago. Whether you’re a retail investor looking for exposure to high‑tech manufacturing or a seasoned trader hunting a potential catalyst, Indo‑MIM’s IPO packs several talking points.

As always, prospective investors should read the prospectus carefully and consider seeking advice from a qualified financial professional before committing any funds.