Indo MIM's Rs 3,812 cr IPO to open on July 23; price band set at Rs 461-485

Indo MIM's Rs 3,812 crore IPO will open on July 23 at a price band of Rs 461-485, valuing the company at nearly Rs 24,000 crore at the upper end. The issue comprises a fresh issue of up to Rs 500 crore and an OFS of ~6.83 crore shares by existing shareholders including Green Meadows Investments and IIT Madras. The Bengaluru-based firm, the world's largest manufacturer of MIM precision engineering components with 6.8% global market share, reported FY26 revenue of Rs 4,193 crore and PAT of Rs 533 crore; shares are proposed to list on BSE and NSE on July 30.