Indo-MIM IPO: 42% Listing Pop Expected

Indo-MIM, a company that makes precise engineering parts, is launching its IPO.

The IPO will be open from 23 July to 27 July, with shares priced between ₹461 and ₹485.

The grey market suggests a 42% increase in share price after listing.

Indo-MIM is the largest global manufacturer in its field, with a 6.8% market share.

The company plans to use the money raised to pay off debts and for general business needs.

However, it relies heavily on its top 10 customers, which could be a risk if those customers reduce their orders.