INDO-MIM LIMITED IPO
Registrar: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) · Lead: HDFC Bank Limited, Axis Capital Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited · Listing on NSE, BSE
IPO Lot Size
30 shares / lot · ₹485 upper bandInvestors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,550 |
| Retail (Max) | 13 | 390 | ₹1,89,150 |
| S-HNI (Min) | 14 | 420 | ₹2,03,700 |
| S-HNI (Max) | 68 | 2,040 | ₹9,89,400 |
| B-HNI (Min) | 69 | 2,070 | ₹10,03,950 |
About the company
INDO-MIM Limited provides end-to-end solutions for the manufacture of precision engineering components using Metal Injection Molding (MIM) technology. With over 25 years of experience in the MIM industry, the company is the largest global manufacturer of precision engineering components using MIM technology, holding a market share of 6.8% in Calendar Year 2025.
Over the years, INDO-MIM has expanded its technological capabilities to include investment casting, precision machining, ceramic injection molding, and metal three-dimensional (3D) printing. Its diverse product portfolio caters to customers across automotive, defence, medical, consumer, and aerospace sectors, having manufactured over 9,000 types of products in Fiscal 2026.
Objectives of the issue
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company.
- General corporate purposes.
- Undertake existing business activities and those for which funds are being raised from the Fresh Issue.
- Utilize proceeds to repay/prepay borrowings used for various capital expenditures and acquisitions.
- Enhancement of the Company’s brand name.
- Creation of a public market for the Equity Shares in India.
Key strengths
- Global leadership in manufacturing precision engineering components using MIM technology.
- Long-standing relationships with Indian and global OEM customers.
- Diversified product portfolio catering to applications across multiple industries (automotive, defense, medical, consumer, aerospace).
- Backward integrated, dual-shore manufacturing capabilities with a focus on efficiency.
- Export-driven player with extensive global distribution capability.
- Experienced promoters and management team supported by a large employee base.
- Track record of robust financial performance with consistent revenue growth.
- Ability to provide end-to-end solutions including mold designing, tooling, finishing, and assembly operations.
- Capability to offer over 80 different alloying options.
- Rapid new tool introduction (45-50 new tools per month) demonstrating innovation and efficiency.
Key risks
- A significant portion of revenue is derived from our top 10 customers; the loss or reduced demand from any of these customers could adversely affect our business.
- Our business is dependent on exports and the performance of global economies; adverse changes in international market conditions can significantly impact our results.
- We generally operate on a purchase order basis without long-term quantity commitments from customers, which may lead to demand fluctuations and adverse effects on our business.
- Our ability to continue manufacturing without interruption depends on our key raw material suppliers; loss of suppliers or supply disruptions could negatively impact our operations.
- We import a significant portion of our raw materials; restrictions on imports or fluctuations in global commodity prices could adversely affect our financial condition.
- Our operations are highly dependent on our manufacturing facilities; any shutdown or slowdown could have an adverse effect on our business, results of operations, financial condition and cash flows.
- Our Promoters, Directors, and Key Managerial Personnel have received show cause notices for alleged non-compliance with mandatory cost auditor appointments, potentially impacting our reputation.
- Our ability to access capital at attractive costs depends on our credit ratings; non-availability of favorable ratings or a downgrade could increase borrowing costs and restrict access to capital.
- Our funding requirements and proposed deployment of Net Proceeds are based on management estimates and have not been appraised by an independent bank or financial institution.
- The Equity Shares have never been publicly traded, and there is no assurance of an active or liquid market developing post-listing, potentially leading to price volatility.