Archive · 20 Jul 2026
Indo MIM Launches ₹3,812 Crore IPO
Indo MIM Ltd, a company that makes very precise engineering parts, is launching an IPO to raise ₹3,812 crore.
The IPO will be open from July 23 to July 27, 2024.
The price for each share is between ₹461 and ₹485.
The company is valued at nearly ₹24,000 crore at the higher end of the price band.
Indo MIM uses special technologies to make parts for cars, defense, medical, consumer, and aerospace sectors.
They have 15 factories around the world and made over 9,000 different products last year.
The money from the IPO will be used to pay off some of their loans and for general business needs.
Indo MIM Ltd launches a ₹3,812 crore IPO with a price band of ₹461-485 per share.
The IPO opens for public subscription on July 23 and closes on July 27, 2024.
The company plans to use ₹400 crore from the fresh issue to repay borrowings and the rest for general corporate purposes.
Indo MIM is the world's largest manufacturer of precision engineering components using MIM technology, with a 6.8% global market share.
The company operates 15 manufacturing facilities globally and reported revenue of ₹4,193 crore and a profit after tax of ₹533 crore for FY26.
- Who
- Indo MIM Ltd, a precision engineering components maker
- What
- Launch of a ₹3,812 crore IPO
- When
- July 23-27, 2024
- Where
- India (BSE and NSE listings)
- Why
- To raise funds for repayment of borrowings and general corporate purposes
- IPO Size
- ₹3,812 crore (upper end)
- Price Band
- ₹461-485 per share
- IPO Dates
- July 23-27, 2024
- Company Valuation
- ₹24,000 crore (upper end)
- Global Market Share
- 6.8% (2025)
- Manufacturing Facilities
- 15 (6 in India, 6 in the US, 2 in the UK, 1 in Mexico)
- Revenue (FY26)
- ₹4,193 crore
- Profit After Tax (FY26)
- ₹533 crore
