Indo-MIM stock trades 96% above IPO price after US$67.9M 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 US$12.9 on Tuesday, roughly 96% above the stock's issue price. The company raised US$67.9M through its IPO and now carries a market cap of US$6.39B.
What led up to it? Indo-MIM debuted on July 30, listing at US$9.51 on the NSEDealroom has a profile for this one. Try Dealroom → — a 44% premium over its US$6.59 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 US$67.9M with an offer-for-sale by existing shareholders. Indo-MIM plans to use US$54.3M 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 US$30.3M in Q1 FY27, up 23.88% from US$24.4M a year earlier, while total income edged up 2.2% to US$136.5M. Earnings per share climbed to US$0.06 from US$0.05.
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
