INDO-MIM Limited is a global precision engineering company engaged in manufacturing high-precision metal components using Metal Injection Molding (MIM) technology.
The company has established itself as the world’s largest MIM manufacturer by revenue, holding a 6.8% global market share in CY2025, according to the Frost & Sullivan Report.
The company provides end-to-end manufacturing solutions, starting from product design and tooling to molding, sintering, machining, surface finishing, assembly, and testing. This integrated approach helps customers source complete precision engineering solutions from a single partner.
Apart from Metal Injection Molding, INDO-MIM also has expertise in investment casting, ceramic injection molding, CNC machining, powder manufacturing, additive manufacturing (3D metal printing), and assembly operations, allowing it to manufacture highly complex engineering components.
Product Applications:
- Automotive: Components used in powertrain systems, fuel systems, braking systems, steering systems, safety applications, and vehicle interiors.
- Defence: Precision-engineered firearm and weapon system components, including triggers, hammers, safeties, sights, and other mission-critical parts.
- Medical: Components for surgical instruments, endoscopy, laparoscopy, orthopedic devices, dental equipment, and robotic-assisted surgical systems.
- Aerospace: High-precision parts such as manifolds, housings, nozzles, locking rings, clevises, brackets, and structural components for aerospace OEMs.
- Consumer & Industrial: Components for consumer electronics, power tools, hardware, industrial machinery, oil & gas equipment, and other engineering applications.
Its products are supplied to leading OEMs in more than 52 countries across North America, Europe, and Asia, with many customer relationships spanning over a decade.
INDO-MIM operates 15 manufacturing facilities across India, the United States, the United Kingdom, and Mexico. It also has sales offices in China, Germany, and the United States, supported by representatives across Europe and Asia. According to the Frost & Sullivan Report, the company has the world’s largest installed Metal Injection Molding (MIM) production capacity.
To expand its global presence and technical capabilities, the company has acquired Triax Industries (USA), CMG Technologies (UK), and Phoenix DeVentures II Inc. (USA). These acquisitions have strengthened its capabilities in investment casting, aerospace, medical devices, and advanced manufacturing solutions.
Indo-MIM IPO – Details
| IPO Opening Date | 23 July 2026 |
| IPO Closing Date | 27 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 7,86,00,300 Shares Worth ₹3811.21 Crore Fresh Issue: 1,03,09,278 Shares Worth ₹500.00 Crore Offer For Sale: 6,82,91,022 Shares Worth ₹3312.11 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹461 – ₹485 per share |
| Market Lot | 30 Shares |
| Min Order | 30 Shares [1 Lot] |
| Employee Discount | ₹45 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Indo-MIM IPO – Date Schedule
| IPO Open Date | 23 July 2026 |
| IPO Close Date | 27 July 2026 |
| Basis of Allotment | 28 July 2026 |
| Initiation of Refund | 29 July 2026 |
| Credit of Shares to Demat Account | 29 July 2026 |
| IPO Listing Date | 30 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 27, 2026 |
Indo-MIM IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,550 |
| Retail (Max) | 13 | 390 | ₹1,89,150 |
| S-HNI (Min) | 14 | 420 | ₹2,03,700 |
| S-HNI (Max) | 68 | 2040 | ₹9,89,400 |
| B-HNI (Min) | 69 | 2070 | ₹10,03,950 |
Competitive Strength
- Global leadership in manufacturing precision engineering components using MIM technology.
- Long-standing relationships with Indian and global OEM customers.
- Diversified product portfolio catering to applications across multiple industries.
- Backward integrated, dual-shore manufacturing capabilities with focus on efficiency.
- Export driven player with extensive global distribution capability.
- Experienced promoters and management team supported by large employee base.
- Track record of robust financial performance.
Company Promoters
- Green Meadows Investments Ltd.
- Krishna Chivukula
- Krishna Chivukula Jr
- Raj Chivukula
- Jagadamba Chandrasekhar
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹2,900.38 Cr | ₹2,388.70 Cr | ₹283.73 Cr | ₹1,085.01 Cr |
| 31 March 2025 | ₹3,373.97 Cr | ₹2,691.89 Cr | ₹423.73 Cr | ₹1,247.20 Cr |
| 31 March 2026 | ₹4,320.70 Cr | ₹3,508.93 Cr | ₹533.54 Cr | ₹1,090.49 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 21.26% |
| ROCE | 26.60% |
| Debt/Equity | 0.39 |
| RoNW | 21.26 |
| PAT Margin | 12.72% |
| EBITDA Margin | 25.54 |
| Pre IPO | Post IPO | |
| EPS (₹) | 11.06 | 10.87 |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company. | ₹400.00 |
| General Corporate Purpose. |
Indo-MIM IPO Peer Comparison
- Listed Peers: According to the company, there are no listed companies in India with a business model directly comparable to INDO-MIM.
✅Strengths
- World’s largest MIM manufacturer with a 6.8% global market share.
- End-to-end precision engineering and manufacturing capabilities.
- Diversified across automotive, defence, medical, aerospace & consumer sectors.
- Global footprint with 15 manufacturing facilities across four countries.
- Strong and consistent financial growth.
⚠️Risks
- High dependence on top customers.
- No long-term purchase commitments from customers.
- Dependence on key raw material suppliers.
- Intense global competition.
- Exposure to raw material price and foreign exchange fluctuations.
Indo-MIM IPO Promoter Holding
| Pre-Issue Share Holding | 92.94% |
| Post Issue Share Holding | 77.65% |
Indo-MIM IPO Prospectus
Company Contact Information
| Indo-MIM Limited 45(P), KIADB Industrial Area, Hoskote, Bangalore 562 114, Karnataka, India Phone: +91 81 2347 9565 Email: santosh.d@indomim.com Website: https://www.indo-mim.com/ |
Indo-MIM IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: +91 81 0811 4949 Email: indomim.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Indo-MIM IPO Lead Manager(s)
| 1. HDFC Bank Limited 2. Axis Capital Limited 3. ICICI Securities Limited 4. SBI Capital Markets Limited 5. Kotak Mahindra Capital Company Limited |
Indo-MIM IPO FAQs
| What is the Indo-MIM IPO? Indo-MIM IPO is a main-board IPO. The issue is priced at ₹461 to ₹485 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Indo-MIM IPO open? The IPO is to open on 23 July 2026 for QIB, NII, and Retail Investors. |
| What is Indo-MIM IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Indo-MIM IPO Size? Indo-MIM IPO size is ₹3811.21 Crore. |
| What are the Indo-MIM IPO Minimum and maximum lot sizes for Retail? The minimum bid is 30 Shares with ₹14,550, while the maximum bid is 390 Shares with ₹1,89,150. |
| What is the Indo-MIM IPO Allotment Date? Indo-MIM IPO allotment date is 28 July 2026. |
| What is the Indo-MIM IPO Listing Date? Indo-MIM IPO listing date is 30 July 2026. The IPO is to be listed on the BSE and the NSE. |
