Summary: Indo-MIM IPO was listed on July 30, 2026, on BSE and NSE with a strong debut. The stock is listed at ₹703 on BSE, a 44.95% premium to the issue price of ₹485. On NSE, it debuted at ₹700, up 44.33%. The issue has been subscribed to 72.37 times overall, with QIBs coming in at 204.47 times.
Indo-MIM IPO listing highlights
IPO listing date
July 30, 2026.
Expected listing time
The pre-open session ran from 9:00 AM to 9:45 AM IST. Regular trading opened at 9:45 AM.
Listing exchange (NSE/BSE)
BSE scrip code 544837. NSE symbol INDOMIM.
Last updated
July 31, 2026.
Indo-MIM IPO listing date today
Indo-MIM made its stock market debut on July 30, 2026. The IPO closed July 27, allotment was finalised July 28, and shares were credited to demat accounts on July 29. The stock listed at ₹703 on BSE, a 44.95% premium to the IPO price of ₹485.
Is the IPO listed?
Indo-MIM IPO was listed on July 30, 2026, on both the BSE and NSE.
IPO listing schedule
The pre-open session ran from 9:00 AM to 9:45 AM IST with price discovery completed. Regular trading opened at 9:45 AM.
Latest listing updates
Indo-MIM shares settled at ₹703 on BSE in the pre-opening session, a premium of 44.95% over the issue price of ₹485. On NSE, the price settled at ₹700, a 44.33% premium. The intraday high of ₹725.80 on NSE lifted gains to nearly 49.65% over the issue price.
Important IPO dates
| Event | Date |
| IPO opening date | July 23, 2026 |
| IPO closing date | July 27, 2026 |
| Allotment date | July 28, 2026 |
| Refund date | July 29, 2026 |
| Demat credit date | July 29, 2026 |
| Listing date | July 30, 2026 |
IPO opening date
July 23, 2026.
IPO closing date
July 27, 2026.
Allotment date
July 28, 2026.
Refund date
July 29, 2026.
Demat credit date
July 29, 2026.
Listing date
July 30, 2026.
Expected listing price
Pre-listing indicators pointed to a strong premium. The actual listing vindicated that sentiment. Indo-MIM listed at ₹703 on BSE, a 44.95% premium to the IPO price of ₹485. The intraday high of ₹725.80 pushed gains to nearly 49.65% over the issue price.
Estimated listing gain
44.95% on BSE at opening. Intraday gains extended to nearly 49.65%.
Expected listing price range
Actual listing range: ₹700 to ₹725.80 through the morning session on July 30.
Live IPO listing performance
| Parameter | Details |
| Issue price | ₹485 |
| Listing price (BSE) | ₹703 |
| Listing price (NSE) | ₹700 |
| Listing premium (BSE) | ₹218 (44.95%) |
| Listing premium (NSE) | ₹215 (44.33%) |
| Intraday high (NSE) | ₹725.80 |
| Opening market cap | ~₹34,762 crore |
| Intraday market cap (at high) | ~₹35,800 crore |
| Closing price (Day 1) | To be verified at 3:30 PM |
Listing price
₹703 on BSE and ₹700 on NSE.
Listing premium/discount
44.95% premium on BSE and 44.33% on NSE over the issue price of ₹485.
Opening market capitalisation
Approximately ₹34,762 crore at the opening print of ₹700 on NSE, based on 49.45 crore equity shares outstanding post-offer.
Intraday high and low
Intraday high of ₹725.80 on NSE as of 11:46 AM IST on July 30, up 49.65% from the issue price. The stock held above its opening print through the session without dipping into negative territory.
Closing price (Day 1)
To be verified from exchange records.
IPO subscription summary
| Category | Final subscription |
| QIB (ex-anchor) | 204.47x |
| bNII (above ₹10L) | 57.69x |
| sNII (below ₹10L) | 36.55x |
| NII (overall) | 50.65x |
| Retail | 6.69x |
| Employee | 9.44x |
| Overall | 72.37x |
Total applications: 50,78,889.
Overall subscription
72.37 times.
Retail subscription
6.69 times across a 35% retail quota of the net issue.
QIB subscription
204.47 times excluding anchor investors. An anchor portion of ₹1,140.99 crore was raised from institutional investors on July 22, 2026. One of the strongest QIB responses to any mainboard IPO in 2026.
NII/HNI subscription
50.65 times overall. Big HNIs at 57.69 times, small HNIs at 36.55 times.
Employee/shareholder subscription (if applicable)
Employee category subscribed 9.44 times. Up to 2,00,000 shares were reserved for employees at a discount of ₹45 per share to the issue price.
Company overview
Indo-MIM is a Bengaluru-based global precision engineering components manufacturer, incorporated in 1996. It holds the world's largest installed MIM capacity and operates across automotive, defence, medical, consumer, and aerospace markets.
About the company
Indo-MIM operates 15 manufacturing facilities across India, the US, the UK, and Mexico. As of March 2026, it served over 1,100 customers and employed 4,424 permanent staff alongside 2,766 contract workers. It has sales offices in China, Germany, and the US, with 13 sales representatives across Europe and Asia.
Business model
Revenue comes from manufacturing precision components using Metal Injection Moulding technology alongside investment casting, precision machining, ceramic injection moulding, and 3D metal printing. The company offers end-to-end solutions from mould design and tooling through finishing and assembly. In FY26 it manufactured over 6,400 products.
Financial performance
| Metric | FY24 | FY25 | FY26 |
| Total income (₹ Cr) | 2,900.38 | 3,373.97 | 4,320.70 |
| PAT (₹ Cr) | 283.73 | 423.73 | 533.54 |
| EBITDA (₹ Cr) | 743.46 | 932.60 | 1,070.92 |
| Total borrowings (₹ Cr) | 1,085.01 | 1,247.20 | 1,090.49 |
| EBITDA margin | -- | 28.01% | 25.54% |
| PAT margin | -- | -- | 12.72% |
| ROE | -- | 19.94% | 21.26% |
| ROCE | -- | 23.51% | 26.60% |
| Debt/equity | -- | 0.57 | 0.39 |
Revenue grew 28% and PAT grew 26% in FY26. Debt-to-equity fell from 0.57 to 0.39. Consistent growth across three years.
Competitive strengths
- World's largest installed MIM capacity
- Long-standing OEM relationships globally
- Backward-integrated dual-shore manufacturing model
- Export-driven with extensive global distribution
- Diversified across automotive, defence, medical, aerospace, and consumer segments
- Benefits from the China+1 manufacturing strategy adopted by global companies and India's PLI schemes
Factors that may impact IPO listing performance
Market conditions
The broader market was nearly flat on listing day, with BSE Sensex down 3.85 points, BSE Bankex slipping 0.64%, and BSE's Focused IT index rising 1.13%. Indo-MIM outperformed the flat market significantly.
Subscription demand
QIB subscription of 204.47 times was one of the strongest institutional responses to any mainboard IPO in 2026. That level of institutional conviction translated directly into strong buying support on listing day.
Industry outlook
The global MIM market is expected to expand from $3.2 billion in 2026 to $4.7 billion by 2035, implying a CAGR of 4.4%. Compared with its closest listed global peer, which trades at more than 148 times earnings, Indo-MIM's post-issue P/E of 44.95x appeared relatively reasonable to institutional investors.
Should you hold or sell after listing?
Short-term listing gain strategy
The stock listed at a 45% premium and extended gains to nearly 50% intraday. Investors who applied for listing gains had a strong exit window at open. Whether to hold through the session or sell at the opening premium was the key decision on July 30.
Long-term investment perspective
The fundamentals support a long-term case. Revenue growing at 28%, PAT margin at 12.72%, declining debt, global market leadership in MIM, and a structural tailwind from China+1 manufacturing shifts. Experts note that Indo-MIM stands to benefit from the China+1 manufacturing strategy and India's PLI schemes. At the listing price, the valuation is no longer cheap, but the business quality warrants attention for patient investors.
Key risks
- At listing prices around ₹700 to ₹725, the stock trades at a significant premium to the issue price P/E of 44.95x
- OFS dominated the issue at ₹3,311 crore versus ₹499 crore fresh issue — promoters took a lot of money off the table
- Anchor lock-in ends August 27 for 50% of anchor shares and October 26 for the remaining. Supply from unlocking anchors is worth watching
- The EBITDA margin contracted slightly from 28.01% in FY25 to 25.54% in FY26, which needs monitoring
How to track IPO listing live
On NSE
Search INDOMIM on the NSE website or mobile app.
On BSE
Search BSE scrip code 544837 or Indo-MIM on the BSE website or Sensex app.
IPO timeline
| Event | Date |
| IPO open date | July 23, 2026 |
| IPO close date | July 27, 2026 |
| Allotment finalisation | July 28, 2026 |
| Shares credited to demat | July 29, 2026 |
| Listing day | July 30, 2026 |
IPO open date
July 23, 2026.
IPO close date
July 27, 2026.
Allotment finalisation
July 28, 2026.
Shares credited to demat
July 29, 2026.
Listing day
July 30, 2026. Listed at ₹703 on BSE and ₹700 on NSE.
