Shares of precision engineering components maker Indo-MIM declined 0.82% to ₹842.40 per unit on the NSE on Monday, August 17, ahead of earnings announcement for the first quarter of financial year 2026-27. According to an exchange filing, a meeting of the Board of Directors is scheduled to consider and approve the un-audited financial results for the quarter ended June 30, 2026. The company's market capitalisation stands at ₹41,650.13 crore.
The stock is trading 73.69% higher from its IPO issue price of ₹485 per share, demonstrating strong post-listing performance. The initial public offering was subscribed 72.34 times, attracting bids for 3,98,55,10,020 shares compared to 5,50,93,201 shares on offer. The qualified institutional buyers' quota received 204.34 times subscription, while non-institutional investors' portion was oversubscribed 50.63 times. Retail individual investors' portion was booked 6.67 times.
The ₹3,811.21 crore initial public offering consisted of a fresh issuance of equity shares valued at ₹500 crore and an offer-for-sale component of ₹3,311.21 crore by existing investors Anuradha Koduri, Green Meadows Investments and Indian Institute of Technology Madras. According to the company, ₹400 crore from the fresh issue proceeds will be utilized towards debt clearance, while the remaining amount will be used for corporate general purposes. The stock had debuted at ₹700 per share on the NSE on July 30, reflecting a premium of 44.33% over the issue price.
Incorporated in 1996, Indo MIM Limited is a key player in manufacturing precision engineering components using metal injection moulding (MIM) technology. As reported by the company, it offers end-to-end manufacturing solutions including mould design, finishing, tooling and assembly. The company's precision engineering components are manufactured using advanced metal injection moulding technology, positioning it as a specialized player in the engineering components sector.
