Indo-MIM stock trades 96% above IPO price after ₹5B listing
What's the deal? Shares of Indo-MIMDealroom has a profile for this one. Try Dealroom →, a Bengaluru-based precision engineering components maker, hit their 10% upper circuit at Rs 952.75 on Tuesday, roughly 96% above the stock's issue price. The company raised 5,000,000,000 INR (about $52 million) through its IPO and now carries a market cap of Rs 47,039 crore.
What led up to it? Indo-MIM debuted on July 30, listing at Rs 700 on the NSEDealroom has a profile for this one. Try Dealroom → — a 44% premium over its Rs 485 issue price. The IPO was subscribed 72.34 times, with the qualified institutional buyers portion drawing 204.34 times demand.
Why go public? The offering combined a fresh issue worth Rs 500 crore with an offer-for-sale by existing shareholders. Indo-MIM plans to use Rs 400 crore of fresh proceeds to repay borrowings, with the rest for general corporate purposes.
By the numbers: The latest surge followed strong first-quarter results. Net profit rose to Rs 223 crore in Q1 FY27, up 23.88% from Rs 180 crore a year earlier, while total income edged up 2.2% to Rs 1,005 crore. Earnings per share climbed to Rs 4.61 from Rs 3.75.
What's the endgame? Founded in 1996, Indo-MIM calls itself the world's largest manufacturer of components using metal injection molding technology. It also offers ceramic injection molding, investment casting, and metal 3D printing to global industries.
The signal: Indo-MIM's debut and post-listing rally point to sustained investor appetite for Indian precision manufacturers, particularly those tied to advanced global supply chains. The stock's inclusion in the BSE 100Dealroom has a profile for this one. Try Dealroom → underlines how quickly the market has embraced it.
Read more: Zee Business
Image credit: spe.automotive
