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INDO-MIM Limited

INDOMIMIndustrial Manufacturing23 Jul 2026 – 27 Jul 2026INE084101034

Promoters Green Meadows Investments Ltd · Krishna Chivukula · Krishna Chivukula Jr · Jagadamba Chandrasekhar · Raj Chivukula

On listing day it
+52.9%
listing-day close vs issue price
Since then, against the issue price
+139.5%
₹1,161.45 on 21 Sept 2026

Against an issue price of ₹485. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹485
final issue price
Issue size
₹3,812 cr
Fresh And OFS
Lot size
30 sh
₹14,550 a lot
Listed on
30 Jul 2026
NSE
Now trading as INDOMIM — see its filed financials and price history →
Valued at the offer price23,982 cr49,44,80,907 shares after the issue × ₹485, the final issue price. Not a market capitalisation — that moves with the traded price.
Notes

INDO-MIM Limited raised ₹3,812 crore through a mainboard initial public offer.

The filing places it in Industrial Manufacturing and names five promoters: Green Meadows Investments Ltd, Krishna Chivukula, Krishna Chivukula Jr, Jagadamba Chandrasekhar and Raj Chivukula.

The book was open from 23 July 2026 to 27 July 2026.

The issue was priced at ₹485 a share, from a band of ₹461 to ₹485.

Of the offer, ₹501 crore is a fresh issue of shares — money that goes to the company — and ₹3,312 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

92 anchor investors were allotted shares before the book opened, worth ₹1,141 crore.

The shares listed on 30 July 2026.

The last official close on file is ₹1,161 (21 September 2026), which is 139.5% above the issue price.

It now trades as INDOMIM, and its filed financials are on its company page.

How it has done since listing
NSE close · 21 Sept 2026
Issue price
₹485
final issue price
Listing-day move
+52.9%
listing-day close vs issue price
Now vs issue price
+139.5%
21 Sept 2026
Since first close

Shares sold in the issue at ₹485 last closed at ₹1,161.45.

See INDOMIM’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 6(1)
Issue price
₹485
face value ₹1
Lot size
30 sh
₹14,550 a lot
Issue size
₹3,812 cr
Fresh And OFS
Shares after issue
49.45 cr
49,44,80,907
Where the money goes₹3,813 cr
Fresh issue — goes to the company₹501 cr13.1%
Offer for sale — goes to selling shareholders₹3,312 cr86.9%

Share counts converted at ₹485, the final issue price.

Registrar
Link Intime India Private Limited
Lead managers
  • HDFC Bank Limited
  • Axis Capital Limited
  • ICICI Securities Limited
  • Kotak Mahindra Capital Company Limited
  • SBI Capital Markets Limited
What happens when
5-day book
  1. Bidding opens23 Jul 2026
  2. Bidding closes27 Jul 2026
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing30 Jul 2026
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Who bought before the book opened
92 investors · ₹1,141 cr

Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 31 of them are domestic mutual funds; we could not classify 58 of the names either way.

ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND₹50 cr
ICICI PRUDENTIAL MANUFACTURING FUND₹46 cr
360 ONE FLEXICAP FUND₹35 cr
AMANSA HOLDINGS PRIVATE LIMITED₹35 cr
ARANDA INVESTMENTS PTE.LTD.₹35 cr
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO₹35 cr
GOVERNMENT PENSION FUND GLOBAL₹35 cr
BANDHAN SMALL CAP FUND₹25.1 cr
BLACKROCK GLOBAL FUNDS - INDIA FUND₹25.1 cr
MOTILAL OSWAL SMALL CAP FUND₹25.1 cr
MIRAE ASSET FOCUSED FUND₹22.5 cr
PINEBRIDGE GLOBAL FUNDS - PINEBRIDGE INDIA EQUITY FUND₹20.1 cr
HDFC LIFE INSURANCE COMPANY LIMITED₹20 cr
ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE FLEXI CAP FUNDmutual fund₹20 cr
ADITYA BIRLA SUN LIFE MUTUAL FUND-ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUNDmutual fund₹20 cr
SBI MNC FUND₹20 cr
360 ONE MULTI-STAGE DEFENCE & SPACE FUND₹20 cr
BAJAJ LIFE INSURANCE LIMITED₹20 cr
DSP INDIA FUND IFSC₹20 cr
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED₹20 cr
SBI LIFE INSURANCE CO LTD₹20 cr
SBI INFRASTRUCTURE FUND₹19 cr
SBI QUALITY FUND₹19 cr
HSBC MUTUAL FUND - HSBC SMALL CAP FUNDmutual fund₹18.2 cr
ADITYA BIRLA SUN LIFE MUTUAL FUND-ADITYA BIRLA SUN LIFE MIDCAP FUNDmutual fund₹18 cr
CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MID CAP FUNDmutual fund₹15.1 cr
QUANT MUTUAL FUND QSIF EQUITY EX TOP 100 LONG-SHORT FUNDmutual fund₹15 cr
UTI - INFRASTRUCTURE FUND₹15 cr
NATIXIS INTERNATIONAL FUNDS (LUX) I -LOOMIS SAYLES GLOBAL EMERGING MARKETS EQUITY FUND₹15 cr
HDFC MUTUAL FUND -HDFC DEFENCE FUNDmutual fund₹14.2 cr
HDFC MUTUAL FUND -HDFC CHILDRENS FUNDmutual fund₹13.3 cr
HDFC MUTUAL FUND -HDFC MULTI CAP FUNDmutual fund₹13.3 cr
KEDAARA CAPITAL PUBLIC MARKETS IFSC FUND I₹13 cr
TATA INFRASTRUCTURE FUND₹12 cr
AXIS ELSS TAX SAVER FUND₹11.5 cr
TATA RESOURCES & ENERGY FUND₹11 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUNDmutual fund₹10.5 cr
EDELWEISS BUSINESS CYCLE FUND₹10.5 cr
INVESCO INDIA INFRASTRUCTURE FUND₹10 cr
INVESCO INDIA MANUFACTURING FUND₹10 cr
QUANT MUTUAL FUND QSIF ACTIVE ASSET ALLOCATOR LONG-SHORT FUNDmutual fund₹10 cr
UTI MULTI CAP FUND₹10 cr
3P INDIA EQUITY FUND 2M₹10 cr
EAMC ICAV - ENAM INDIA OPPORTUNITIES FUND₹10 cr
FRANKLIN BUILD INDIA FUND₹10 cr
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD₹10 cr
KOTAK CONTRA FUND₹10 cr
KOTAK FUNDS-INDIA MIDCAP FUND₹10 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK BUSINESS CYCLE FUNDmutual fund₹10 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MNC FUNDmutual fund₹10 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SPECIAL OPPORTUNITIES FUNDmutual fund₹10 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK TRANSPORTATION & LOGISTICS FUNDmutual fund₹10 cr
MANULIFE GLOBAL FUND - INDIA EQUITY FUND₹10 cr
UNION LARGE & MIDCAP FUND₹10 cr
WHITEOAK CAPITAL INDIA OPPORTUNITIES FUND₹10 cr
KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTURE IN INDIA FUNDmutual fund₹10 cr
UNIFI BCAD FUND₹9 cr
ISIF HYBRID LONG-SHORT FUND₹8.5 cr
HSBC MUTUAL FUND - HSBC MULTI CAP FUNDmutual fund₹6.8 cr
HDFC MUTUAL FUND -HDFC INNOVATION FUNDmutual fund₹5.8 cr
HDFC MUTUAL FUND -HDFC MANUFACTURING FUNDmutual fund₹5.8 cr
SUMMIT EQUITY LONG-SHORT FUND₹5 cr
EDELWEISS LIFE INSURANCE COMPANY LIMITED₹5 cr
ABAKKUS SMALL CAP FUND₹5 cr
ALCHEMY EMERGING LEADERS OF TOMORROW- SERIES 2₹5 cr
AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH - HIGH GROWTH FUND II₹5 cr
CANARA HSBC LIFE INSURANCE CO LTD₹5 cr
CSIM INDIA OPPORTUNITIES FUND 1₹5 cr
DYNASIF EQUITY EX-TOP 100 LONG-SHORT FUND₹5 cr
EASTSPRING INVESTMENTS INDIA INFRASTRUCTURE EQUITY OPEN LIMITED₹5 cr
INDUSIND NIPPON LIFE INSURANCE CO LIMITED₹5 cr
LIC MF VALUE FUNDmutual fund₹5 cr
PGIM INDIA TRUSTEE PRIVATE LIMITED A/C PGIM INDIA MULTI CAP FUNDmutual fund₹5 cr
SOCIETE GENERALE - ODI₹5 cr
SPARK MIDAS INVESTMENT FUND I₹5 cr
TAKSH INDIA ENTERPRISING FUND₹5 cr
HDFC MUTUAL FUND -HDFC BUSINESS CYCLE FUNDmutual fund₹5 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUNDmutual fund₹4.8 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MULTICAP FUNDmutual fund₹3.7 cr
MIRAE ASSET INFRASTRUCTURE FUND₹2.6 cr
EDELWEISS TRUSTEESHIP CO LTD AC - EDELWEISS MF AC - EDELWEISS RECENTLY LISTED IPO FUNDmutual fund₹2.5 cr
HDFC MUTUAL FUND -HDFC MNC FUNDmutual fund₹2.5 cr
TITANIUM EQUITY LONG-SHORT FUND₹2 cr
ICICI PRUDENTIAL BALANCED HYBRID FUND₹2 cr
ICICI PRUDENTIAL QUANT FUND₹2 cr
SBI CHILDREN'S FUND - SAVINGS PLAN₹2 cr
ADITYA BIRLA SUN LIFE MUTUAL FUND-APEX HYBRID LONG SHORT FUNDmutual fund₹2 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INDIA MANUFACTURING FUNDmutual fund₹1.9 cr
ISIF EQUITY LONG SHORT FUND₹1.5 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BALANCED ADVANTAGE FUNDmutual fund₹1.4 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MULTI ASSET ALLOCATION FUNDmutual fund₹0.8 cr
AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INNOVATION FUNDmutual fund₹0.5 cr

From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.

When locked shares come free
computed from ICDR rules
  • Anchor investors — first tranche
    SEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment
    29 Aug 2026
    50% of this tranche
  • Anchor investors — second tranche
    SEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment
    28 Oct 2026
    50% of this tranche
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    30 Jan 2027
    whole tranche releases on this date
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    30 Jan 2028
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
44.6x
diluted earnings · 42.4x at the floor
The issuer's chosen peers
123.1x
average of a 123.1x – 123.1x range
Earnings the price leans on
Earnings per share, by year
YearBasicDilutedWeight
FY2024₹5.89₹5.891
FY2025₹8.79₹8.602
FY2026₹11.06₹10.873

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

What the money will be used for
from the offer document

What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.

  • Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company 2. General corporate purposes [●]* shall not exceed 25% of the Gross Proceeds.4,000₹ million

Figures as filed by the issuer in its offer document.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
₹11.06
NAV per share
₹58.24
Return on net worth
21.26%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead managers
FirmIssuesTypical listing move
Axis Capital Limited
20212026
85
18 measurable
+11.7%
HDFC Bank Limited
20222026
10
2 measurable
+36.8%
ICICI Securities Limited
20212026
87
12 measurable
+16.0%
Kotak Mahindra Capital Company
20212026
64
15 measurable
+16.6%
SBI Capital Markets Limited
20222026
46
6 measurable
+5.4%
Registrar
FirmIssuesTypical listing move
Link Intime India Private Limited
20212026
175
14 measurable
+10.2%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.