INDO-MIM IPO will open for public subscription on Thursday, July 23, 2026, with the company fixing a price band of ₹461 to ₹485 per equity share of face value ₹1 each.
The initial public offering by INDO-MIM Limited includes a fresh issue of shares and an offer for sale by existing shareholders.
The anchor investor bidding date for the INDO-MIM IPO is scheduled for Wednesday, July 22, 2026, while the issue will close on Monday, July 27, 2026. Bids can be made for a minimum of 30 equity shares and in multiples of 30 shares thereafter.
According to the Red Herring Prospectus dated July 17, 2026, the INDO-MIM IPO consists of a fresh issue aggregating up to ₹5,000 million and an offer for sale of up to 68,291,022 equity shares by the selling shareholders.
Price band and lot size
The company has fixed the price band of the INDO-MIM IPO at ₹461 per equity share to ₹485 per equity share. Investors can apply for a minimum of 30 equity shares and in multiples of 30 shares thereafter.
The UPI mandate end time is set at 5:00 PM on July 27, 2026, which is the bid/offer closing date.
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INDO-MIM IPO: Offer Structure
The INDO-MIM IPO comprises:
- Fresh Issue: Up to ₹5,000 million
- Offer for Sale: Up to 68,291,022 equity shares
The offer for sale includes:
- Up to 60,524,322 equity shares by Green Meadows Investments Ltd (Corporate Promoter Selling Shareholder)
- Up to 5,459,000 equity shares by Anuradha Koduri (Individual Promoter Group Selling Shareholder)
- Up to 2,307,700 equity shares by Indian Institute of Technology Madras (Other Selling Shareholder)
Allocation details
The INDO-MIM IPO is being conducted through the Book Building Process in accordance with SEBI ICDR Regulations and Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957.
Under the allocation structure:
- Not more than 50% of the net offer will be allocated to Qualified Institutional Buyers (QIBs).
- Up to 60% of the QIB portion may be allocated to Anchor Investors on a discretionary basis.
Of the Anchor Investor Portion, 40% is reserved for domestic mutual funds, life insurance companies, and pension funds, subject to valid bids.
Additionally:
- Not less than 15% of the net offer is reserved for Non-Institutional Bidders (NIBs).
- Not less than 35% of the net offer is reserved for Retail Individual Bidders (RIBs), subject to valid bids at or above the offer price.
ASBA and UPI requirements
All bidders, except Anchor Investors, are required to apply through the Application Supported by Blocked Amount (ASBA) process. UPI bidders must provide their UPI ID, which will be blocked by the sponsor bank or SCSBs for participation in the INDO-MIM IPO.
Listing and lead managers
The equity shares offered through the INDO-MIM IPO are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
The book running lead managers to the issue are:
- HDFC Bank Limited
- Axis Capital Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
The Red Herring Prospectus for the INDO-MIM IPO is available through the investment banking offer documents section of HDFC Bank.
