Indo-MIM IPO GMP today is Rs 188. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
INDOMIM
Indo-MIM IPO GMP & Allotment
INDO-MIM Limited provides end-to-end solutions for manufacturing precision engineering components using metal injection molding technology. The company’s core business activities encompass mold designing and tooling, finishing, assembly operations, and backwards-integrated stainless steel powder manufacturing. It serves diverse end-use industries across operating segments, including the Automotive Products Group, Defence Products Group, Medical Products Group, Consumer Products Group, Aerospace, and other offerings involving metal powder, tools, and traded products. INDO-MIM generates revenue through the sale of precision components on a purchase order basis to customers globally across North America, Europe, Southeast Asia, India, and the rest of the world. Operating fifteen manufacturing facilities located in India, the United States, the United Kingdom, and Mexico, the company supplies its products to original equipment manufacturers and diverse commercial sectors globally.
- IPO Price Band
- ₹461.00 - ₹485.00
- Lot Size
- 30 Shares
- Bidding Closes
- 27 Jul 2026
- Listing Date
- 30 Jul 2026
Quick Answer & Highlights
Indo-MIM IPO GMP Today & Key Takeaways
Last updated: 27 Jul 2026
Indo-MIM IPO officially listed on 30 Jul 2026 at Rs 700.00, delivering a +44.33% listing gain compared to its issue price of Rs 485.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹188.
Indo-MIM IPO officially listed on 30 Jul 2026 at ₹700.00, delivering a +44.33% listing gain compared to its issue price of ₹485.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹188.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹188 | +38.76% vs upper band (27 Jul 2026) |
| Est. Listing Price | ₹700.00 | +44.33% Est. Listing Gain |
| Price Band | ₹461.00 - ₹485.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,550 | 1 Lot (30 Shares) |
| Bidding Window | 23 Jul 2026 – 27 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 28 Jul 2026 | Listing: 30 Jul 2026 |
Current GMP Status
₹188
+38.76% vs upper band
Est. Listing Gain
+44.33%
Last Trend
27 Jul 2026
Listing Price
₹700.00
Retail Entry
₹14,550
IPO Details
Complete IPO information
| IPO Open Date | 23 Jul 2026 |
|---|---|
| IPO Close Date | 27 Jul 2026 |
| IPO Price Band | ₹461.00 - ₹485.00 |
| Lot Size | 30 Shares |
| Current GMP | ₹188 |
| Estimated Listing Gain | +44.33% |
| Issue Size | Approx ₹3,811.21 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 72.34x |
| Minimum Investment | ₹14,550 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Indo-MIM is priced at ₹485 per share. With a minimum lot size of 30 shares, a retail investor applying for one lot would need approximately ₹14,550 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Indo-MIM stands at ₹188, implying an estimated listing gain of around 38.76% over the issue price if it holds until listing. This is up ₹15 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Indo-MIM's IPO was subscribed 72.34x overall, with a category-wise breakdown of Retail 6.67x, QIB 204.34x.
Among the strengths highlighted in Indo-MIM's IPO documents: INDO-MIM is a leading global provider of precision engineering components utilising metal injection molding technology.; The company operates fifteen manufacturing facilities across India, the United States, the United Kingdom, and Mexico..
Investors should also weigh the risk factors Indo-MIM has disclosed, including: The company derives a significant portion of its revenue from its top 10 customers..
A share of Indo-MIM's issue proceeds is earmarked for Repayment Of Borrowings: 400 (80%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Jul 2026
✓
Bidding Closes
27 Jul 2026
✓
Allotment
28 Jul 2026
✓
Listing
30 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 23 Jul 2026 | Completed |
| Bidding Closes | 27 Jul 2026 | Completed |
| Allotment | 28 Jul 2026 | Completed |
| Listing | 30 Jul 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 27 Jul 2026 | ₹190.00 | +₹15.00 | 39.18% |
| 24 Jul 2026 | ₹175.00 | -₹10.00 | 36.08% |
| 23 Jul 2026 | ₹185.00 | - | 38.14% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 30 | ₹14,550 |
| Retail Maximum | 13 Lot | 390 | ₹1,89,150 |
| S-HNI Minimum | 14 Lot | 420 | ₹2,03,700 |
| S-HNI Maximum | 68 Lot | 2,040 | ₹9,89,400 |
| B-HNI Minimum | 69 Lot | 2,070 | ₹10,03,950 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 400 (80%)
- General Corporate Purpose 99.1 (19.86%)
Issue Notes
Important takeaways before applying
Strengths
- INDO-MIM is a leading global provider of precision engineering components utilising metal injection molding technology.
- The company operates fifteen manufacturing facilities across India, the United States, the United Kingdom, and Mexico.
- The company offers end-to-end capabilities ranging from mold designing and tooling to finishing, assembly, and in-house stainless steel powder manufacturing.
- The business is diversified across major end-use industries including automotive, defence, medical, consumer products, and aerospace sectors.
- The company has a global customer footprint with long-standing relationships and exports to markets across North America, Europe, and Asia.
Risks
- The company derives a significant portion of its revenue from its top 10 customers.
- A major portion of revenue from operations is generated from exports to foreign jurisdictions.
- The company generally operates on a purchase order basis without long-term binding supply commitments from customers.
- The company relies on key international suppliers and imports a significant portion of its raw material requirements.
- Promoters, directors, and key managerial personnel have received show-cause notices regarding alleged non-compliance with cost auditor appointment rules.
Analysis
Indo-MIM IPO Reservation
The Indo-MIM IPO follows the SEBI-prescribed allocation framework for book-built public issues. The issue is reserved for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), ensuring participation from institutional as well as retail investors.
The anchor investor portion, if allotted, will be completed prior to the IPO opening. After the anchor allocation, the remaining shares will be distributed among the eligible investor categories according to the applicable reservation percentages.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares reserved for each category will be disclosed after the completion of the anchor investor allocation and in the final basis of allotment documents.
Analysis
Indo-MIM IPO Anchor Investors
The Anchor Investor bidding for the Indo-MIM IPO is scheduled for July 22, 2026, one working day before the public issue opens for subscription. Anchor investors comprise Qualified Institutional Buyers (QIBs) who participate in the IPO before it is made available to the public, helping establish institutional participation and market confidence.
The company will announce the final list of anchor investors, the total shares allotted, and the value of the anchor book after the completion of the allocation process. These details are generally released before the IPO opens for subscription.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 22, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The names of anchor investors, the exact number of shares allotted, the anchor investment amount, and the final lock-in expiry dates will be updated after the completion of the anchor allocation process.
Analysis
Indo-MIM IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Jul 2026 |
| IPO Close Date | 27 Jul 2026 |
| Basis of Allotment | 28 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 30 Jul 2026 |
Note: The timeline for Indo-MIM IPO is tentative and subject to change.
Analysis
Indo-MIM IPO Promoters and Holding Pattern
Indo-MIM Limited is promoted by Green Meadows Investments Ltd., Krishna Chivukula, Krishna Chivukula Jr., Raj Chivukula, and Jagadamba Chandrasekhar. The promoter group has been instrumental in establishing the company as a leading manufacturer of precision-engineered metal injection moulded (MIM) components serving customers across multiple industries worldwide.
Following the IPO, the promoters will continue to retain a substantial majority stake in the company. Although the shareholding percentage will decline because of the fresh issue and offer for sale, the promoter group will continue to have significant ownership and management control.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 48,41,53,072 | 92.94% |
| Promoter Holding Post Issue | 49,44,62,350 | 77.65% |
Note: The post-issue promoter holding is based on the proposed IPO structure and may vary slightly depending on the final allotment and issue size. The promoters are expected to remain the controlling shareholders of Indo-MIM Limited after the IPO.
Analysis
Indo-MIM Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Indo-MIM - About IPO
Indo-MIM, founded in 1996, manufactures precision engineering components using metal injection molding (MIM) technology. Its product portfolio includes making engineering components for Automotive, Defence, Medical, Consumer, and Aerospace. The firm provides comprehensive solutions including mold design, tooling, finishing, and assembly.
Indo-Mim uses advanced technologies, including investment casting, precision machining, ceramic injection molding, and 3D metal printing, catering to a wide range of industries. The firm manufactures fuel systems, powertrains, triggers, hammers, sights, crossbows, cellphone parts, tools, nozzles, locking rings, clevises, and many more. As of FY25, the firm has manufactured over 6,400 products and operates 3 sales offices in China, Germany, and the United States, serving more than 1,000 customers. The company runs 15 manufacturing facilities in India, the US, the UK, and Mexico.
Analysis
Indo-MIM Company Financials
To Be Updated Soon
Analysis
Indo-MIM Company Valuation – FY2026
To Be Updated Soon
Analysis
Indo-MIM IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- HDFC Bank Ltd.
- Axis Capital Ltd.
- ICICI Securities Ltd.
- Kotak Mahindra Capital Co. Ltd.
- SBI Capital Markets Ltd.
Comparison
Compare Indo-MIM IPO with similar IPOs
FAQ
Indo-MIM IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 188 and an issue price of Rs 485, the estimated listing price for Indo-MIM IPO is Rs 673.00 (approx 38.76% listing gain). Actual listing price is determined by market demand on the listing day.
Indo-MIM IPO price band is Rs 461.00 to Rs 485.00. Check the latest issue price, lot size and GMP together before applying.
Indo-MIM IPO open date is 23 Jul 2026, close date is 27 Jul 2026, and listing date is 30 Jul 2026.
Indo-MIM IPO lot size is 30 shares. The minimum retail investment is Rs 14,550.
Indo-MIM is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Indo-MIM IPO subscription status currently shows Retail 6.67x, QIB 204.34x, Overall 72.34x.
INDO-MIM Limited provides end-to-end solutions for manufacturing precision engineering components using metal injection molding technology. The company’s core business activities encompass mold designing and tooling, finishing, assembly operations, and backwards-integrated stainless steel powder manufacturing. It serves diverse end-use industries across operating segments, including the Automotive Products Group, Defence Products Group, Medical Products Group, Consumer Products Group, Aerospace, and other offerings involving metal powder, tools, and traded products. INDO-MIM generates revenue through the sale of precision components on a purchase order basis to customers globally across North America, Europe, Southeast Asia, India, and the rest of the world. Operating fifteen manufacturing facilities located in India, the United States, the United Kingdom, and Mexico, the company supplies its products to original equipment manufacturers and diverse commercial sectors globally.
Indo-MIM IPO issue size is 3811.21 and the expected allotment date is 28 Jul 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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