The Indo-MIM IPO finished on Monday’s last day of bidding with a strong investor appetite and a high Grey Market Premium (GMP) of ₹203. The current GMP of ₹485 per share has given an estimated listing price of ₹688, and if it takes place for now, we can expect a listing gain of 41.86% in the market.
The robust GMP and huge institutional interest have made Indo-MIM one of the most closely watched IPOs of the year. Investors should be aware that the Grey Market Premium is an unofficial value that is subject to change before listing.
Indo-MIM IPO GMP Today
At the latest market update, the Indo-MIM IPO GMP stood at ₹203.
Upper issue price: ₹485 per share. Grey market premium (GMP): ₹203. Estimated Listing price: ₹688. Estimated Listing Gain: Around 41.86%
Although GMP reflects good market sentiment, the actual performance of the listing will depend on general market conditions and investor demand on listing day.
Indo-MIM IPO Details
The public issue consists of both a fresh issue and an Offer for Sale (OFS).
IPO Structure
- Fresh issue: 1.03 crore equity shares worth ₹499.10 crore.
- Offer for sale (OFS): 6.83 crore equity shares worth ₹3,311.21 crore.
- Total Issue Size: ₹3,810.31 crore.
The IPO is to be offered in a price band of ₹461 and ₹485 per share.
Retail investors are required to apply for a minimum lot size of 30 shares, translating into a minimum investment of ₹14,550 at the upper end of the price band.
HDFC Bank Ltd. is acting as Book Running Lead Manager and MUFG Intime India Pvt. Ltd. is the registrar to the issue.
Massive Investor Response
The Indo-MIM IPO was in high demand from investors on the last day of bidding.
According to the latest available subscription data:
- Overall Subscription: 70.84 times
- Total Bids received: 390.2 crore shares.
- Shares on Offer: 5.51 crore shares.
Subscription category-wise
- Qualified Institutional Buyers (QIBs): 200.09 times.
- Non-Institutional Investors (NIIs): 50.24 times.
- Retail Investors: 6.25 times
The large number of institutional investors is a reflection of the very high level of confidence in the company and in the long-term growth prospects.
Allotment and Listing Dates
The IPO investors who have applied for it can expect the allocation process to be completed very soon.
Expected Allotment date: July 28, 2026. Tentative Listing date: July 30, 2026. Stock Exchanges: NSE and BSE.
When the basis of allotment is finalised, applicants can check their allotment status on the registrar's website.
How Indo-MIM plans to use IPO Funds
The company intends to utilize the proceeds from the fresh issue primarily for:
- Repayment of outstanding borrowings.
- Strengthening the company's balance sheet to allow for business expansion.
Reducing debt is expected to enhance financial flexibility and profitability over the long term.
Strong Financial Performance
Indo-MIM saw healthy growth in FY26, and demand in several industrial sectors is increasing.
FY26 Financial Highlights
- Total income: ₹4,320.70 crore (up from ₹3,373.97 crore in FY25).
- Profit after tax (PAT): ₹533.54 crore (up from ₹423.73 crore).
- EBITDA: ₹1,070.92 crore (compared with ₹932.60 crore in FY25).
The company recorded:
28% growth in revenue
26% increase in net profit. Improved operational efficiency and healthy EBITDA growth
These numbers have helped investors to believe in the IPO.
About Indo-MIM
Indo-MIM was established in 1996 and is one of the world’s largest manufacturers in Metal Injection Moulding (MIM) technology.
The company provides full manufacturing solutions such as
Product design
Tooling. Injection moulding. Heat treatment. Surface finishing. Precision machining. Assembly
Its products are used by several high-growth industries like:
- Automotive.
- Aerospace.
- Defence.
- Medical devices.
- Consumer products.
- Industrial engineering
In FY26, Indo-MIM manufactured more than 6,400 precision-engineered products and sold them to customers across India and worldwide.
Investor Outlook
The high grey market premium, great institutional involvement, and very strong financial performance of the Indo-MIM IPO have attracted a lot of interest in the company. While the current GMP suggests a good listing premium, investors should recognize that grey market trends are unofficial and actual listing gains may depend on market sentiment at the time of listing.
Long-term investors would also need to consider a company’s fundamentals, debt reduction strategy, global customer base and growth prospects in precision engineering before making investment decisions.
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