Wire flash
FinanceIndo MIM IPO opens July 23, price band at ₹461-485 per share
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Indo MIM Ltd, a Bengaluru-headquartered precision engineering manufacturer, has fixed a price band of ₹461-485 per share for its ₹3,812 crore Initial Public Offering (IPO), which will open on July 23 and close on July 27. The IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 6.82 crore equity shares by existing shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, and the Indian Institute of Technology Madras. At the upper end of the price band, the company is valued at nearly ₹24,000 crore. Proceeds from the fresh issue will be used to repay loans. At the lower end of the price band, the IPO size is estimated at about ₹3,648 crore.
Source report
Bengaluru-headquartered company’s IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale of up to 6.82 crore equity shares.
Updated - July 29, 2026 10:37 am IST
The Hindu Bureau | Mumbai
Bengaluru-headquartered Indo MIM Ltd, a precision engineering manufacturer, on Monday fixed a price band of ₹461–485 per share for its ₹3,812 crore Initial Public Offering (IPO), which will open on July 23.
The maiden offer consists of:
- A fresh issue of equity shares worth ₹500 crore
- An offer for sale (OFS) of up to 6.82 crore equity shares by existing shareholders
At the upper end of the price band, Indo MIM is valued at nearly ₹24,000 crore. The company plans to use the proceeds from the fresh issue component to repay loans.
The issue will close on July 27. As part of the OFS, Green Meadows Investments Ltd, Anuradha Koduri, and the Indian Institute of Technology Madras will offload shares.
At the lower end of the price band, the IPO size is estimated at approximately ₹3,648 crore.
Published - July 20, 2026 07:23 pm IST
Source
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Regional
Part of this Story
Indo MIM's ₹3,812 crore IPO to open on July 23; price band at ₹461-485 per share