Archive · 22 Jul 2026
Indo-MIM IPO Opens Tomorrow with Strong GMP
Indo-MIM Ltd, a company that makes precise metal parts, is opening its IPO for the public to buy shares starting tomorrow.
The company is big in making special metal parts and has factories in India, the US, the UK, and Mexico.
It has a 6.8% share of the global market.
The IPO will raise money to pay off some of its debts and for other company needs.
The shares are expected to list at ₹679, which is 40% higher than the IPO price.
The IPO will be open from 23 July to 27 July, and the shares will start trading on 30 July.
Investors are optimistic, but some caution is advised.
Indo-MIM IPO opens for subscription on 23 July and closes on 27 July.
The IPO price band is ₹461 to ₹485 per equity share.
The GMP today is +194, with an estimated listing price of ₹679 per share.
Indo-MIM operates 15 manufacturing facilities across India, the US, the UK, and Mexico.
The company plans to use ₹400 crore from the IPO to repay borrowings and for general corporate purposes.
- Who
- Indo-MIM Ltd, a Bengaluru-based precision engineering company
- What
- IPO opening for subscription
- When
- 23 July to 27 July
- Where
- India (BSE and NSE)
- Why
- To raise funds for repayment of borrowings and general corporate purposes
Investor Optimism
Market Caution
Market Performance
Investor Optimism
The strong GMP and rising grey market premium indicate a robust listing and high investor confidence.
Market Caution
Investors should be cautious as high GMPs can sometimes lead to overvaluation and potential post-listing corrections.
- IPO Opening Date
- Thursday, 23 July
- IPO Closing Date
- Monday, 27 July
- IPO Price Band
- ₹461 to ₹485 per equity share
- IPO Lot Size
- 30 equity shares and multiples of 30
- GMP Today
- +194
- Estimated Listing Price
- ₹679 per share
- Global Market Share
- 6.8%
- Total Borrowings (as of May 2026)
- ₹1,212.3 crore