Indo-MIM IPO: 40% Listing Gain Expected!

Indo-MIM's Rs 3,811-crore Initial Public Offering (IPO) is scheduled to open for subscription on July 23, 2026, and will close on July 27, 2026. Preliminary market indicators, specifically the grey market premium (GMP), suggest a potential listing gain of around 40%. The company's IPO comprises a fresh issue of shares aggregating Rs 499.10 crore and an offer for sale (OFS) worth Rs 3,311.21 crore.

The price band for the IPO has been fixed between Rs 461 and Rs 485 per share. Investor demand is allocated with 50% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors. The net proceeds generated from the fresh issue component are designated for the repayment of outstanding borrowings.

Established in 1996, Indo-MIM specializes in manufacturing precision engineering components through metal injection molding (MIM) technology, serving sectors such as automotive, defense, medical, and aerospace. For the fiscal year 2026, the company reported substantial growth, with revenue increasing by 28% and profit after tax (PAT) rising by 26% compared to the previous fiscal year.

Share allotment is expected on July 28, 2026, with tentative listing dates on the NSE and BSE set for July 30, 2026. A retail investor lot consists of 30 shares, requiring a minimum investment of Rs 14,550 at the upper price band.