INDO-MIM supplies metal injection molded parts to automotive, aerospace, medical, defence, consumer industries with facilities in India, USA and Europe.
INDO-MIM Limited approves the formation of a wholly owned subsidiary in Vietnam. The company plans to register the subsidiary with Vietnam’s Business Registration office by December 1, 2026. The subsidiary’s official name will be confirmed upon approval.
Indo-MIM’s stock price has risen 145% above its initial public offering (IPO) valuation. HDFC Securities assigns a **Buy** rating with a ₹1,407 target price, implying an additional 18% potential gain. The company’s diversified manufacturing capabilities—particularly in aerospace and defense—align with evolving global supply chain demands.
Indo-MIM shares surge to **Rs 724** on the NSE, marking a **49.28% gain** over the IPO price of **Rs 485** and outperforming the day’s **3.43% opening premium**. The stock reaches an intraday high of **Rs 725.80**, exceeding the initial **45% premium** seen at market open. The performance positions Indo-MIM among the strongest IPO debuts of 2026.
Indo MIM launches its initial public offering (IPO) on July 23 with a price range of Rs 461 to Rs 485 per share, targeting a total raise of Rs 3,812 crore. The company specializes in precision engineering and is entering the public market to strengthen its financial position. The IPO marks a significant milestone for Indo MIM as it seeks to expand its operations and market reach.