Precision engineering components manufacturer Indo MIM Ltd will launch its Rs 3,812 crore Initial Public Offering (IPO) on July 23, with the issue closing on July 27. The company has fixed the price band at Rs 461-485 per equity share, valuing it at nearly Rs 24,000 crore at the upper end.
The IPO comprises a fresh issue of shares worth Rs 500 crore and an Offer for Sale (OFS) of up to 6.82 crore equity shares by existing shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, and the Indian Institute of Technology Madras.
The company plans to use Rs 400 crore from the fresh issue to repay outstanding borrowings, while the remaining proceeds will be used for general corporate purposes.
Founded in 1996 and headquartered in Bengaluru, Indo MIM is the world’s largest manufacturer of precision engineering components using metal injection molding (MIM) technology, with a 6.8% global market share by revenue in calendar year 2025. The company also uses investment casting, precision machining, ceramic injection molding and metal 3D printing to serve the automotive, defence, medical, consumer and aerospace sectors.
Indo MIM operates 15 manufacturing facilities across India, the US, the UK and Mexico, and produced over 9,000 product types in FY26.
For FY26, the company reported revenue of Rs 4,193 crore and profit after tax of Rs 533 crore.
HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets are the book-running lead managers. The shares are proposed to be listed on the BSE and NSE.
