Indo MIM Files DRHP with Sebi for ₹1,000 Crore IPO

New Delhi, September 29 – Precision components maker Indo MIM has filed DRHP (Draft Red Herring Prospectus) for an IPO comprising a fresh issue of equity shares worth ₹1000 crore. Alongside the fresh issue, the IPO also consists of an OFS (Offer For Sale) component of 12.97 crore equity shares by existing shareholders. The DRHP was filed on Friday (September 26, 2025).

Indo MIM IPO Shareholders Participating in OFS

The Offer for Sale will see divestment from major shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras (IIT Madras).

Indo MIM Pre-IPO Placement and Fund Utilisation

The company is also considering a pre-IPO placement of up to ₹200 crore. If this is completed, the overall size of the fresh issue will be reduced. The company has stated that it plans to use ₹720 crore towards debt repayment, and the remaining amount shall be allocated towards general corporate purposes.

Indo MIM IPO Business Overview

The company was established in 1996. It is a market leader in precision engineering components, utilizing metal injection molding (MIM) technology. The company is also engaged in various related activities, including investment casting, precision machining, ceramic injection molding, and metal 3D printing, to serve diverse sectors.

The company has a diversified portfolio which includes automotive (safety, fuel, and powertrain parts), defence (firearm triggers, sights), medical (surgical and robotic device parts), consumer (cellphone and fashion accessories), and aerospace (OEM components like manifolds, adaptors, nozzles, and brackets). Due to this, the company is considered a highly versatile and innovation-driven manufacturer.

Indo MIM IPO Global Footprint

The company operates 15 manufacturing facilities worldwide – six in India, six in the United States, two in the United Kingdom, and one in Mexico. Indo MIM is among the largest global producers of MIM products in terms of installed capacity.

Indo MIM IPOFinancial Performance

In FY25, Indo MIM posted revenue from operations of ₹3,329 crore and a profit after tax (PAT) of ₹423 crore.

Indo MIM IPO Industry Standing

The company noted in its DRHP that it has no listed peers in India. Its only comparable peer globally is Jiangsu Gian Technology Co Ltd, listed on the Shenzhen Stock Exchange in China.

Indo MIM IPO Book-Running Lead Managers

The IPO is being managed by a consortium of top investment banks, including HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company, and SBI Capital Markets.

REF: https://www.bseindia.com/corporates/download/325306/IPO Prior/INDOMIMLIMITEDDRHP_20250927022224.pdf

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