IPO Snapshot
Key metrics and details at a glance.
Price Band
₹485
Per ShareLot Size
30 Shares
Minimum Investment
₹14,550
Issue Size
₹3,812.12 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Indo-MIM Ltd
Business model, operations, and market positioning.
About the Company
We provide end-to-end solutions for the manufacture of precision engineering components using metal injection molding ("MIM") technology. Our capabilities include mold designing and tooling, coupled with finishing and assembly operations. With over 25 years of experience in the MIM industry, we are the largest manufacturer globally of precision engineering components using MIM technology, with a market share of 6.8% in terms of revenue from MIM in Calendar Year 2025 and have held this position for the last six years.
Company History
Our Company was originally incorporated as `A F Technologies India Private Limited' on April 12, 1996 at Hyderabad, Andhra Pradesh as a private limited company under the Companies Act, 1956, and was granted a certificate of incorporation by the Registrar of Companies, Andhra Pradesh at Hyderabad ("RoC Hyderabad"). The name of our Company was changed to `Indo-US MIM Tech Private Limited' to ensure compliance with the conditions of termination of a collaboration agreement entered into by our Company, and a fresh certificate of incorporation pursuant to change of name was granted by the ROC Hyderabad on August 21, 2001. The name of our Company was changed to `Indo-US MIM Tec Private Limited' to align the name of our Company with the name of the USA branch office of our Company as registered with USA authorities, and a fresh certificate of incorporation pursuant to change of name was granted by the ROC Hyderabad on September 28, 2001. Subsequently, the name of our Company was changed to `Indo-MIM Private Limited' to align the name of our Company with our registered trademark, and a fresh certificate of incorporation pursuant to change of name was granted by the ROC Hyderabad on February 3, 2016. Our Company changed its registered office from Hyderabad, Telangana to Bangalore, Karnataka pursuant to the resolutions passed by our Board, and our Shareholders on February 14, 2020 and April 30, 2020 respectively. Consequently, a certificate of registration of regional director order for change of state was issued by the Registrar of Companies, Karnataka at Bengaluru ("RoC") on August 21, 2020. Subsequently, our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by our Shareholders at the EGM held on September 5, 2023 and the name of our Company was changed to `INDO-MIM Limited'. Consequently, a fresh certificate of incorporation pursuant to change of name was issued by the RoC on January 12, 2024.
Growth Strategy
- Continue to acquire new customers and increase our wallet share by leveraging existing relationships.
- Continue to leverage diversified technologies to expand product portfolio and capitalize on industry tailwinds.
- Retain and strengthen our technological leadership through continued focus on engineering capabilities.
- Continue to reduce operating costs and improve operational efficiencies.
- Expand our business and geographical footprint organically and inorganically.
Promoter Holding (Pre-Issue)
92.94%
Promoter Holding (Post-Issue)
77.65%
Issue Type
Book Building
ISIN
INE084101034
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 78,618,857 equity shares of face value of Rs. 1 each ("Equity Shares") of Indo-mim Ltd ("Company" or "Issuer") for cash at a price of Rs. 485 per equity share (Including a share premium of Rs. 484 per equity share) ("Offer Price"), aggregating to Rs. 3812.12 Crore (the "Offer") comprising of a fresh issue of up to equity 10,327,835 equity shares of face value of Rs. 1 each aggregating to Rs. 500.00 Crore (the "Fresh Issue") and an offer for sale of to 68,291,022 equity shares of face value of Rs. 1 each aggregating to Rs. 3312.12 Crore (the "Offer for Sale") comprising of to 60,524,322 equity shares of face value Rs. 1 each aggregating to Rs. 2935.43 Crore by green meadows investments ltd (the"Corporate Promoter Selling Shareholder"), to 5,459,000 equity shares of face value Rs. 1 each aggregating to Rs. 264.76 Crore by Anuradha Koduri (the "Individual Promoter Group Selling Shareholder"), and to 2,307,700 equity shares of face value Rs. 1 each aggregating to Rs. 111.92 Crore by Indian institute of technology madras (the "Other Selling Shareholder" and Collectively With the Corporate Promoter Selling Shareholder, and Individual Promoter Group Selling Shareholder, the "Selling Shareholders", and Such Equity Shares Offered by the Selling Shareholders, the "Offered Shares"). This offer includes a reservation of 200,000 equity shares of face value of Rs. 1 each, aggregating to Rs. 8.8 Crore (constituting up to 0.04% of the post-offer paid-up equity share capital, for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 15.90% and 15.86%, respectively, of the post-offer paid-up equity share capital. The company in consultation with the brlms, may offer a discount of 9.28% (equivalent to Rs. 45 per equity share) to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). Price Band: Rs. 485 per equity share of face value of Rs. 1 each. The floor price 485 times the face value of the equity shares, respectively. Bids can be made for a minimum of 30 equity shares of face value of Rs. 1 each and in multiples of 30 equity shares of face value of Rs. 1 each thereafter. A discount of Rs. 45 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
- 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.
- Backward integrated, dual-shore manufacturing capabilities with focus on efficiency.
- Export driven player with extensive global distribution capability.