INDO-MIM LTD IPO: Company Review, Subscription and Allotment Updates

2026-07-23 — Company overview and issue details

INDO-MIM LTD IPO (ABOUT THE COMPANY)

INDO-MIM LTD – COMPANY BACKGROUND

Indo-MIM Ltd is three decades old company, specializing in the manufacture of precision engineering components using the metal injection molding (MIM) technology. The company offers a full suite of solutions including mold-design, tooling, finishing and assembly. It caters to a wide range of industries including automotive, defence, medical equipment, aerospace, and consumer industries. The company manufactures fuel systems and powertrains for auto industry; surgical devices for the medical equipment industry; and nozzles and locked rings for the aerospace industry. The company serves over 1,100 customers across India and abroad.

Indo-MIM Ltd has been promoted by Green Meadows Investments, Krishna Chivukula, Krishna Chivukula Junior, Raj Chivikula, and Jagadamba Chandrasekhar. The IPO will be a combination of a fresh issue and an offer for sale (OFS). The fresh issue funds will be used for repayment of borrowings and for general corporate purposes. The offer for sale (OFS) portion of the IPO is being offered by the promoter shareholders and IIT-Madras. The issue is being lead-managed by HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Caps; while MUFG Intime India Private Ltd are the registrars to the IPO.

HIGHLIGHTS OF THE IPO ISSUE OF INDO-MIM LTD

Here are the key highlights of the public issue of Indo-MIM Ltd.

The IPO is open from July 23rd, 2026 to July 27th, 2026. It has a face value of ₹1 per share and the IPO price band has been fixed in the range of ₹461 to ₹485 per share.

The IPO of Indo-MIM Ltd will be a combination of a fresh issue and an offer for sale (OFS) by the promoter shareholders of the company and by IIT-Madras.

The Fresh Issue portion of the IPO comprises the issue of 1,03,09,278 shares (103.09 lakh shares), which at the upper price band of ₹485 per share, translates into a fresh issue size of ₹500.00 crore.

The offer for sale (OFS) portion of the IPO comprises the sale of 6,82,91,022 shares (682.91 lakh shares), which at the upper price band of ₹485 per share, translates into an OFS size of ₹3,312.11 crore.

Therefore, the overall IPO issue will comprise of a fresh issue and OFS of 7,86,00,300 shares (786.00 lakh shares), which at the upper price band of ₹485 per share translates into overall issue size of ₹3,812.11 crore.

Due to the dilutive impact of the fresh issue and the promoter participation in the offer for sale (OFS); promoter’s stake in the company will get reduced from 92.94% to 77.65% of the total shares outstanding post the IPO.

The IPO of Indo-MIM Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on July 22, 2026.

KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES

Here are the key dates pertaining to the IPO of Indo-MIM Ltd

Data Source: Company RHP

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).

The table below captures the gist of the allocation to various categories.

Data Source: Security Parameters Filing (NSE)

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.

Here is a quick look at the lot sizes applicable for the IPO of Indo-MIM Ltd for various categories of investors.

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 30 shares)

FINANCIAL HIGHLIGHTS OF INDO-MIM LTD

The table captures the key financials of Indo-MIM Ltd for last 3 financial years.

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)

The net profit margins have shown a progressive rising trend; up from 9.9% to 12.7% between FY24 and FY26. The return on equity (ROE) has also improved consistently from 13.8% to 18.9%, while EBITDA margins are stable around 25-26% over last 3 years.

VALUATION METRICS OF INDO-MIM LTD IPO

If one looks at the valuation of the company based on the latest FY26 full-year EPS of ₹10.87, it is trading at around 44.6X earnings at the upper band IPO price of ₹485 per share. While there are not too many competitors in this field, this is reasonable valuation in the peer group and also considering the growth potential of the industry.

The company does bring some strengths to the table like long standing relationships with OEM customers, leadership position in precision engineering, ability to cater to a wide range of industries, a backward integrated manufacturing process etc. It already supplies to customers in over 55 countries and that remains the big growth area for Indo-MIM Ltd at this juncture. Investors can look at this IPO purely from the point of view of taking a position in a fast-growing product basket, catering to a fast-growing user group.

2026-07-23 — Anchor allocation

INDO-MIM LTD IPO (ANCHOR ALLOCATION 29.92%)

BRIEF ON ANCHOR ALLOCATION OF INDO-MIM LTD

The anchor issue of Indo-MIM Ltd saw a strong response on 22nd July 2026 with 29.92% of the IPO size absorbed by anchors. Out of 7,86,18,857 shares (786.19 lakh shares) on offer in the IPO, anchors picked up 2,35,25,656 shares (235.26 lakh shares) accounting for 29.92% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹485 per share. This includes the face value of ₹1 per share plus a share premium of ₹484 per share. The anchor bidding opened and closed on 22nd July 2026.

KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS

Here are the key details pertaining to the anchor bidding of Indo-MIM Ltd

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.

MAJOR ANCHOR ALLOCATION INVESTORS IN INDO-MIM LTD

On 22nd July 2026, Indo-MIM Ltd allotted 2,35,25,656 shares to a total of 92 anchor investors. The allocation was done at the upper IPO price band of ₹485 per share which resulted in overall anchor allocation of ₹1,140.99 crore. The anchors have already absorbed 29.92% of the total issue size of ₹3,812.21 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹346.24 crores, or, 30.35% of the overall anchor allocation of shares, one trading day ahead of the IPO of Indo-MIM Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted, and captured in the table below.

Data Source: BSE Filings (Value Allocated is ₹ in Crore)

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.

https://www.bseindia.com/downloads/UploadDocs/Notices/Attach/Anchor_Intimation_Letter_22_07_2026_final$67472e0b-64a9-40b8-9f04-d6aba0c9fcd8.pdf

Out of the 2,35,25,656 shares allocated to the anchors in the IPO, there was an allocation of 1,31,70,660 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual fund was spread across 60 MF schemes of 23 asset management companies (AMCs). Mutual funds accounted for 55.98% of the overall anchor allocation.

Out of the 2,35,25,656 shares allocated to the anchors in the IPO, there was also an allocation of 22,68,968 shares made to life insurance companies regulated by IRDAI. This anchor allocation to Life insurers was spread across 9 life insurance companies. These Life Insurance companies accounted for 9.64% of the overall anchor allocation.

The anchor allocation was spread across domestic mutual funds, FPIs, ODIs, and AIFs.

NEXT STEPS IN INDO-MIM LTD IPO

Post the closure of the IPO subscription on 27th July 2026, the basis of allotment will be finalized on 28th July 2026 and the refunds will be initiated on 29th July 2026. In addition, the demat credits are expected to also happen on 29th July 2026 and the stock will list on 30th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 29th July 2026 under ISIN (INE084101034).

2026-07-27 — Day-3 subscription update

Indo-MIM Ltd (Day-3 Final Subscription at 72.34 times)

INDO-MIM LTD - IPO SUBSCRIPTION STATUS ON DAY-3

As of 7.10 pm on 27th July 2026, out of the 550.93 lakh shares on offer in the IPO (excluding anchor portion), Indo-MIM Ltd saw bids for 39,855.10 lakh shares. This implies an overall subscription of 72.34X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Indo-MIM Ltd was as under:

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 29.92% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.

Data Source: NSE / BSE (as of close of Day-3 of the IPO)

The IPO of Indo-MIM Ltd was open up to July 27, 2026, and has closed for subscription as of the close of trading hours on July 27, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹1,94,438 crore.

NEXT STEPS IN THE INDO-MIM LTD IPO

Post the closure of the IPO subscription on 27th July 2026, the basis of allotment will be finalized on 28th July 2026 and the refunds will be initiated on 29th July 2026. In addition, the demat credits are expected to also happen on 29th July 2026 and the stock will list on 30th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 29th July 2026 under ISIN (INE084101034).

2026-07-27 — Allotment guidance and next steps

Indo-MIM Ltd IPO (How to check allotment status)

ABOUT THE INDO-MIM LTD IPO

The IPO of Indo-MIM Ltd opened on July 23rd, 2026 and closed on July 27th, 2026. The overall IPO comprised of a fresh issue and an offer for sale (OFS) of 7,86,18,857 shares (786.19 lakh shares) worth ₹3,812.21 crore at the upper price band of ₹485 per share. The allotment status will be finalized by end of day (EOD) of July 28, 2026. Here is how to check your allotment status for the IPO of Indo-MIM Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).

CHECKING THE ALLOTMENT STATUS OF INDO-MIM LTD IPO ON BSE WEBSITE

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity Option

Under Issue Name – Select Indo-MIM Ltd from the drop-down box

Enter the Application Number / CAF exactly as in the acknowledgement slip OR

Enter your PAN (10-digit alphanumeric) number

Once this is done, you need to click on the Captcha to verify you are not a robot

Finally click on the Search Button

You can use either of the parameters to query; Application / CAF number or Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Indo-MIM Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.

CHECKING ALLOTMENT STATUS OF INDO-MIM LTD IPO ON NSE WEBSITE

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Once you reach the page, here are the steps to follow.

Under Issue Type – Select Equity & SME IPO Details Option

Under SELECT SYMBOL – Select INDOMIM from the dropdown box

Enter the Application Number / CAF exactly as in the acknowledgement slip AND

Enter your PAN (10-digit alphanumeric) number

Once both are entered, click on the Submit Button

You must input the Application / CAF number and the Investor PAN.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Indo-MIM Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.

CHECKING ALLOTMENT STATUS OF INDO-MIM LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

There are 4 options available to you to access the allotment status, and you can use any of these options to query.

You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.

The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.

You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.

You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.

Finally, click on the SUBMIT button.

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.

NEXT STEPS IN THE INDO-MIM LTD IPO

Post the closure of the IPO subscription on 27th July 2026, the basis of allotment will be finalized on 28th July 2026 and the refunds will be initiated on 29th July 2026. In addition, the demat credits are expected to also happen on 29th July 2026 and the stock will list on 30th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 29th July 2026 under ISIN (INE084101034).

Interested in applying for this IPO?

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