Precision engineering company Indo-MIM has announced its IPO price band of Rs. 461–485 per share ahead of the public issue opening on July 23. The Bengaluru-based manufacturer plans to raise around Rs. 3,812 crore through the offering, making it one of the biggest engineering-sector IPOs of the year.
The company manufactures metal injection moulded precision components for automotive, aerospace, healthcare and industrial applications, serving customers across domestic and international markets. Market experts believe the IPO could receive healthy investor participation given the company’s export-oriented business model and strong presence in niche engineering products.
