INDO-MIM Eyes Next Growth Phase with ₹5,000 Million IPO
INDO-MIM Sets ₹461–₹485 Price Band for IPO; Issue Opens July 23
Krishna Chivukula Jr. Highlights Expansion Vision as INDO-MIM Launches IPO
Company executives brief investors in Ahmedabad on IPO structure, growth strategy and future expansion plans.
Public issue opens on July 23 with a fresh issue of ₹5,000 million and an Offer for Sale; shares to be listed on BSE and NSE.
Bilkul Bazaar
Ahmedabad
Advanced metal injection moulding (MIM) solutions manufacturer INDO-MIM Limited has announced that its Initial Public Offering (IPO) will open for subscription on Thursday, July 23, 2026, with a price band of ₹461 to ₹485 per equity share. The anchor investor bidding will take place on July 22, while the issue will close on July 27.
Addressing the media in Ahmedabad, Krishna Chivukula Jr., Whole-Time Director of INDO-MIM Ltd., shared the company’s growth strategy and the objectives behind the public issue. He was joined by P. Balasubramanian, Vice President – Finance & Chief Financial Officer, INDO-MIM Ltd., and Arjun Jani, AVP – Primary Market Distribution, Axis Capital Ltd., who explained the issue structure, investment process and market outlook for prospective investors.
Speaking on the occasion, Krishna Chivukula Jr. said, “INDO-MIM has built a strong global reputation through innovation, precision engineering and consistent quality. The IPO marks an important milestone in our journey and will strengthen our ability to expand manufacturing capabilities, invest in advanced technologies and meet the growing demand from global customers across diverse industries. We remain committed to creating long-term value for all our stakeholders.”
The IPO comprises a fresh issue of equity shares aggregating up to ₹5,000 million along with an Offer for Sale of up to 68.29 million equity shares by the selling shareholders. The company has fixed the minimum bid lot at 30 equity shares, with bids thereafter in multiples of 30 shares.
The equity shares are proposed to be listed on both the BSE and the National Stock Exchange (NSE). The book-running lead managers to the issue are HDFC Bank Ltd., Axis Capital Ltd., ICICI Securities Ltd., Kotak Mahindra Capital Company Ltd. and SBI Capital Markets Ltd.
During the interaction, company officials highlighted INDO-MIM’s focus on expanding its global footprint, enhancing production capabilities and leveraging advanced manufacturing technologies to cater to high-growth sectors. They expressed confidence that the IPO would support the company’s next phase of expansion while reinforcing its leadership position in the precision engineering and metal injection moulding industry.
IPO Snapshot: INDO-MIM Limited
- IPO Opens: July 23, 2026
- IPO Closes: July 27, 2026
- Anchor Investor Day: July 22, 2026
- Price Band: ₹461–₹485 per share
- Lot Size: 30 equity shares
- Issue Type: Fresh Issue of ₹5,000 million + Offer for Sale
- Listing: BSE & NSE
- Lead Managers: HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, SBI Capital Markets
- Business: Global manufacturer of Metal Injection Moulding (MIM) precision-engineered components.
Disclaimer: This article is for information only and is not investment advice. Please read the IPO documents carefully before investing.