Archive · 23 Jul 2026
Indo-MIM IPO Sees Strong Demand on Day 1
Indo-MIM, a company that makes precise metal parts, launched its IPO on July 23.
On the first day, it got a lot of interest, especially from non-institutional investors.
The IPO will close on July 27, and the company plans to use the money to pay off some of its debts and for other business needs.
Indo-MIM is a big player in its field, with operations in several countries and a strong financial performance.
Indo-MIM's IPO was subscribed 1.41 times on the first day, with strong interest from non-institutional investors.
The IPO includes a fresh issue of ₹500 crore and an offer for sale of up to ₹3,312 crore by existing shareholders.
Proceeds from the fresh issue will be used to repay borrowings and for general corporate purposes.
Indo-MIM operates 15 manufacturing facilities across India, the US, the UK, and Mexico.
The company reported a 26% year-on-year increase in net profit and revenue for FY26.
- Who
- Indo-MIM, a precision engineering company specializing in metal injection moulding (MIM) technology.
- What
- The initial public offering (IPO) of Indo-MIM received strong demand on its opening day.
- When
- The IPO opened on July 23 and will close on July 27.
- Where
- The company operates in India, the US, the UK, and Mexico.
- Why
- To raise funds for repayment of borrowings and general corporate purposes.
Investor Enthusiasm
Market Caution
Subscription Rates
Investor Enthusiasm
The IPO was subscribed 1.41 times on the first day, indicating strong investor interest.
Market Caution
The QIB portion was subscribed only 0.18 times, suggesting some institutional caution.
- IPO Opening Date
- July 23
- IPO Closing Date
- July 27
- Total Shares Offered
- 4.45 crore
- Shares Bid for on Day 1
- 6.29 crore
- NII Subscription Rate
- 3.04 times
- Retail Subscription Rate
- 0.88 times
- QIB Subscription Rate
- 0.18 times
- Company Headquarters
- Bengaluru
- Global Market Share
- 6.8%
- Total Borrowings as of May 2026
- ₹1,212.3 crore