Indo-MIM IPO Review
INDO-MIM Limited, a globally recognized manufacturer of Precision Engineering Components using Metal Injection Molding technology, plans to raise ₹3,812 crore through an IPO.
[Fresh Issue ₹500 Cr + OFS ₹3,312 Cr]
Indo-MIM share price: ₹461–₹485 per share.
INDO-MIM: History
The Company was originally incorporated as A F Technologies India Private Limited under the Companies Act, 1956, on April 12, 1996.
The Company was then converted into a public limited company on September 5, 2023, under a special resolution passed by the shareholders.
Its name was subsequently changed to INDO-MIM Limited, and the RoCs issued a fresh certificate of incorporation on January 12, 2024.
INDO-MIM: Business
INDO-MIM Ltd is the largest manufacturer globally of precision engineering components using Metal Injection Molding (MIM) technology, with a revenue market share of 6.8% in FY 25, and has held this position for the last 6 years.
The Company manufactures and supplies critical and complex products for automotive, consumer, defence, medical, and aerospace sectors, which are required to meet specific requirements in terms of quality, measurements, and tolerances.
Beyond MIM, the company has diversified its manufacturing capabilities into investment casting, ceramic injection molding, precision machining, and metal 3D printing, allowing it to serve industries with demanding engineering requirements.
The Company has manufactured over 9,000 types of products in FY 2026.
Manufacturing Facilities
The company operates 15 manufacturing facilities across India, the United Kingdom, the United States, and Mexico, giving it one of the largest installed MIM production capacities globally.
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Strategies Ahead
Acquire new clients and increase wallet share by leveraging existing relationships.
Leverage diversified technologies to expand product portfolio and capitalize on industry tailwinds.
Retain and strengthen technological leadership through continued focus on engineering capabilities.
Reduce operating costs and improve operational efficiencies.
Expand business and geographical footprint organically and inorganically.
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Company Promoters
- Green Meadows Investments Ltd,
- Krishna Chivukula,
- Krishna Chivukula Jr,
- Raj Chivukula,
- Jagadamba Chandrasekhar.
Refer to INDO-MIM DRHP for more information.
IPO Details
ipo date: 23 July – 27 July 2026
Minimum Amount: ₹14,550
Minimum Bid: 30 Shares
Face Value: INR 1 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
HDFC Bank,
Axis Capital,
ICICI Securities,
Kotak Mahindra Capital,
SBI Capital Markets.
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) on Indo MIM IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
