Indo-MIM prices 3,812 crore rupee IPO at up to 485 rupees
Indo-MIM, the world's largest metal injection molding components maker, has priced its ₹3,812 crore initial public offering at up to ₹485 a share, providing an exit for early investors while the company targets significant debt reduction.
Indo-MIM Limited will open its share sale on July 23, with the subscription window closing on July 27. The company has fixed the price band between ₹461 and ₹485 per equity share. Anchor investor allocation is scheduled for July 22, a day ahead of the public offer.
The offering comprises a fresh issue of equity shares worth ₹500 crore alongside an offer for sale (OFS) of up to ₹3,312 crore by existing shareholders. Green Meadows Investments is the largest seller in the OFS, divesting 6.05 crore shares. Anuradha Koduri and the Indian Institute of Technology Madras are also offloading 54.59 lakh and 23.07 lakh shares, respectively.
Ahead of the launch, the company opted to shrink the overall deal size. The fresh equity component was halved from the initially proposed ₹1,000 crore, and the total number of shares available in the OFS was reduced from 12.96 crore. At the upper end of the revised price band, Indo-MIM will command a market capitalisation of approximately ₹23,981.4 crore upon listing.
The Bengaluru-based firm operates 15 manufacturing facilities spread across India, the United States, the United Kingdom, and Mexico. It produces over 9,000 precision-engineered components for the automotive, aerospace, defence, medical, and consumer goods sectors. Indo-MIM claims a 6.8% share of the global metal injection molding market, positioning it as the industry's largest player.
The manufacturer's public debut is backed by robust recent financial performance. For the financial year 2026, the company posted a 26% year-on-year increase in both net profit and revenue, reaching ₹533.5 crore and ₹4,193 crore, respectively. Indo-MIM plans to deploy ₹400 crore from the net fresh issue proceeds to pay down debt, with total consolidated borrowings standing at ₹1,212.3 crore as of May 2026.
The issue reserves a maximum of 50% of shares for qualified institutional buyers, while retail investors are guaranteed at least 35% and non-institutional investors at least 15%. Shares are expected to be credited to demat accounts and refunds initiated on July 29, ahead of the July 30 listing on the BSE and NSE. HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets are managing the offer.
