Indo-MIM IPO Detail: ₹5,400 Crore Issue Gets SEBI Nod, Aims for $2.5 Billion Valuation

Indo-MIM Limited, a global leader in metal injection molding (MIM) technology, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company, headquartered in Hoskote, Bengaluru, Karnataka, aims to raise up to ₹1,000 crore through a fresh issue of shares, along with an Offer for Sale (OFS) by existing shareholders.

IPO Details:-

According to the DRHP dated September 26, 2025, Indo-MIM’s public issue comprises:

• Fresh Issue: Equity shares aggregating up to ₹1,000 crore.

• Offer for Sale (OFS): Up to 12.96 crore equity shares by existing shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology (IIT) Madras.

Indo-MIM Limited, a global leader in metal injection molding (MIM) technology, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on September 26, 2025, marking its next step toward a public listing. The company later received SEBI approval on December 29, 2025, clearing the path for its Initial Public Offering (IPO).

The IPO is expected to raise approximately $650 million (around ₹5,400 crore) and could value the company at nearly $2.5 billion (around ₹20,800 crore) post-listing.

Expected to Launch in Second Half of February 2026 But Not Officially Confirm Till Now

The offer is being made through a 100% book-built process, with allocations for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Investors (RIBs), and eligible employees.

Book Running Lead Managers:-

The IPO is being managed by some of India’s leading investment banks:

• HDFC Bank Limited

• Axis Capital Limited

• ICICI Securities Limited

• Kotak Mahindra Capital Company Limited

• SBI Capital Markets Limited

MUFG Intime India Private Limited (formerly Link Intime) will serve as the Registrar to the Offer.

Objects of the Issue:-

The company intends to utilize the net proceeds from the fresh issue for the following purposes:

1. Repayment or prepayment (in full or part) of certain borrowings availed by the company.

2. General corporate purposes, which may include funding working capital, expanding business operations, and pursuing strategic growth opportunities.

This capital infusion is expected to strengthen Indo-MIM’s balance sheet and reduce debt, improving its financial flexibility for future projects.

Company Overview:-

Founded in 1998, Indo-MIM Limited is recognized globally as a pioneer in metal injection molding (MIM) technology, combining the precision of plastic injection molding with the strength and integrity of wrought metals. The company caters to industries such as automotive, aerospace, defense, medical, and industrial tools.

Indo-MIM operates state-of-the-art facilities in India and the United States, serving over 60 countries across North America, Europe, and Asia. It is one of the largest MIM solution providers in the world, known for its vertically integrated manufacturing process — from design and tooling to post-processing and finishing.

According to the company’s official website, Indo-MIM’s technological capabilities span metal powder production, additive manufacturing (3D printing), and precision machining, enabling it to meet the growing demand for lightweight, durable, and complex metal components globally.

Financial Performance:-

The company has demonstrated strong and consistent growth. As per its restated consolidated financials:

• FY2023 Revenue: ₹2,692.76 crore

• FY2024 Revenue: ₹2,870.40 crore

• FY2025 Revenue: ₹3,329.58 crore

Net profit for FY2025 stood at ₹423.73 crore, marking a significant improvement from ₹283.73 crore in FY2024.
The consistent rise in revenues and profitability underscores Indo-MIM’s robust business fundamentals, operational efficiency, and increasing global demand for MIM-based solutions.

Promoters and Shareholding:-

The company’s promoters include Green Meadows Investments Ltd, Krishna Chivukula, Krishna Chivukula Jr., Raj Chivukula, and Jagadamba Chandrasekhar.
Among the major selling shareholders in the OFS, Green Meadows Investments Ltd plans to offload up to 12.05 crore shares, with a weighted average acquisition cost of ₹2.67 per share.

Conclusion:-

Indo-MIM’s proposed IPO reflects its strategic intent to capitalize on its leadership in the global MIM space. The proceeds from the issue will aid in deleveraging and support the company’s expansion into newer markets and technologies.

With a strong global footprint, diverse client base, and consistent financial performance, Indo-MIM Limited is poised to attract considerable investor interest once the IPO opens for subscription.

Also Read – All SEBI Approved IPO List 

Also Read – DRHP File IPO List