IPO ChampIPO Insights
IPO Champ LogoIPO Champ Logo

IPOs

IPO Calendar
GMP Tracker
Subscription Status
Allotment Status
Stock Broker
  • Follow us on Instagram
  • Follow us on Facebook
  • Follow us on Threads
  • Follow us on YouTube
  • Follow us on Telegram
  • Follow us on WhatsApp
HomeIPOIndo-MIM

About Indo-MIM

Established in 1996, Indo-MIM is a world leader in the production of precision engineering components through metal injection molding (MIM) technology. Indo-MIM provides end-to-end solutions in mold design, tooling, finishing, and assembly.Apart from MIM, Indo-MIM also employs advanced technologies such as investment casting, precision machining, ceramic injection molding, and 3D metal printing to cater to various industries. In FY 2025, Indo-MIM has produced more than 6,400 products, which are used in the automotive, defense, medica, consumer, and aerospace sectors. Product Portfolio: Automotive: Safety, Fuel Systems, Powertrain, and Interior Components Defense: Firearm Components such as Triggers, Hammers, and Sights Medical: Components for Surgical Devices in Endoscopy, Laparoscopy, Dental Robotics, and Orthopedic Applications Consumer: Fashion Accessories, Crossbows, Cell Phone Components, Tools, and Hardware Aerospace: Manifolds, Housings, Nozzles, Locking Rings, Clevises, and Brackets for Original Equipment Manufacturers The company has the capability to market its products globally with a sales team exclusively dedicated to providing customer service. As of March 31, 2025, the company has three sales offices in China, Germany, and the United States, with 12 sales representatives in Czech Republic, France, Italy, Japan, South Korea, Israel, Poland, and Turkey. In Fiscal 2025, the company has served over 1000 customers

Checklist Quality Analysis

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
See All Live IPOs
IPO Champ LogoIPO Champ Logo

IPO Champ helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

Tools

IPO CalendarGMP TrackerSubscription StatusAllotment Status

IPOs

All IPOsLive IPOsUpcoming IPOsClosed IPOsListed IPOs

Resources

NewseBooks

Company

HomeAbout UsPrivacy PolicyTerms of Service

About IPO Champ

IPO Champ is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
help@ipochamp.com.

Please read all offer documents and risk disclosures carefully before investing. IPO Champ does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Champ. All rights reserved.

Want to stay updated?Subscribe to our newsletter

Indo-MIM

Indo-MIM

Open Date

Jul 23, 2026

Close Date

Jul 27, 2026

listed

Min Investment

₹14,550

Lot Size

30 Shares

Issue Size

₹3812.11 Cr

Price Range

₹461 - ₹461

Listing Date

Jul 30, 2026

IPO Doc

RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹184(+37.94%)GMP
37.94%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Indo-MIM IPO - Issue Objectives

The company will use ₹400 crore for repayment of certain borrowings availed by it. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Repayment of debt

80%

General corporate purposes

20%

1

Repayment of debt

The company will use ₹400 crore for repayment of certain borrowings availed by it.

80.00%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

20.00%

IPO Subscription Status

QIB
204.47x
NII
50.65x
Individual
6.67x
Total
72.37x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Indo-MIM

In Cr.

Key Performance Indicator31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue3373.972900.382760.65
EBITDA932.60743.46782.53
Expenses
Profit After Tax423.73283.73462.69
Assets4140.843757.513380.45
Net Worth2199.432050.511999.56
Reserves2030.811889.041871.75
Borrowing1247.201085.01807.91

Indo-MIM - Promoter(s)

Green Meadows Investments Ltd

Krishna Chivukula Krishna Chivukula Jr.

Raj Chivukula

Jagadamba CHandrasekhar

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Global leader in MIM

The company is one of the largest manufacturers of precision engineering components using Metal Injection Molding (MIM) technology in the world, with a 6.8% market share by MIM revenue in 2025. In March 2026, the company offered more than 80 alloying options. It can also create 45-50 new tools each month, enabling it to accelerate product development and introduce new products more rapidly.

02

Strong customer relationships

The company has developed long-term relationships with several leading Indian and global OEMs. Its oldest customer relationships have continued for 17 years since FY10. Repeat customers accounted for 79.6%, 74.5% and 78.7% of customers served in FY26, FY25 and FY24, respectively, while contributing 91.60%, 90.91% and 93.76% of revenue during the same period.

03

Diversified product portfolio

The company supplied more than 650 automotive products, 900 defence products, 2,000 medical products, 650 consumer products and 2,000 aerospace products during FY26. Automotive Products Group contributed 24.61%, followed by Defence Products Group at 18.69% and Medical Products Group at 18.08% in FY26.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Heavy reliance on exports

Export sales made up 77.2% of revenues, with North America alone making up 43.6% and Europe 19.9% in FY26. A slowdown in global manufacturing, particularly in automotive and other end markets, changes in trade policies, tariffs, free-trade agreements or geopolitical developments may have a negative impact on order volumes and competitiveness.

02

Imported raw material dependency

The imported raw material accounted for 60.95% of total raw material purchases in FY26 compared to 61.80% in FY25 and 59.63% in FY24. It imports materials from countries such as China, Japan, the UK, Germany and France, making it susceptible to geopolitical disruptions, tariffs, import restrictions, commodity price volatility and supply-chain issues.

Contact Details

Indo-MIM

45(P), KIADB Industrial Area, Hoskote, Bangalore Urban, Karnataka, 562114

+918123479565
santosh.d@indo-mim.com
http://www.indo-mim.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
indomim.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Indo-MIM IPO - FAQs

Indo-MIM IPO is a Mainboard IPO. The issue is priced at 461-₹485. The minimum order quantity is 30 Shares. The IPO opens on 23 Jul, and closes on 27 Jul. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-07-21
  • Bidding Starts2026-07-23
  • Bidding Ends2026-07-27
  • Allotment Finalisation2026-07-28
  • Release of Funds2026-07-29
  • Demat Transfer2026-07-29
  • Listing2026-07-30
04

Global manufacturing network

The company has 15 manufacturing sites, including six in India, six in the United States, two in the United Kingdom and one in Mexico, allowing it to serve customers in key global markets and offering supply chain flexibility.

05

Strong export presence

Global operations are underpinned by three sales offices in China, Germany and the United States and 13 sales representatives in nine other countries. Exports still make up the majority of revenue, accounting for 77.2% of revenue in FY26 and 89.9% in FY25. During the same period, the company exported more than 21 crore, 30 crore and 25 crore precision components.

06

Strong financial track record

ROE improved from 14.1% in FY24 to 21.2% in FY26. ROCE improved from 19.5% to 26.6% during the same period. Revenue from operations increased with annual revenue growth of 6.6%, 16% and 25.9% in FY24, FY25 and FY26, respectively. Debt-to-net-worth ratio declining from 0.53x in FY24 to 0.39x in FY26.

03

Geographic concentration

All six manufacturing facilities of the company in India are concentrated in Karnataka, Tamil Nadu and Andhra Pradesh. Any regional disruption or change in government policy which is adverse to the south of India could affect several facilities at the same time and disrupt production and logistics.

04

Regulatory and approval risk

The company must obtain a range of environmental, factory, labour, tax and other regulatory approvals in the jurisdictions in which it operates. As of the RHP date, some approvals and renewals are pending, including approvals relating to its Doddaballapur facilities.

05

Contingent tax liabilities

Contingent liabilities of Indo-MIM as at March 2026 were ₹ 227.4 crore, comprising disputed indirect tax demands ₹153.2 crore and disputed income tax demands ₹74.2 crore, excluding interest and penalties that may result in future cash flow demand.