Indo Mim Ipo
Indo-MIM IPO Review & Key Points
Review: May Apply
IPO Lead Managers aka Merchant Bankers
HDFC Bank Ltd.
Axis Capital Ltd.
ICICI Securities Ltd.
Kotak Mahindra Capital Co. Ltd.
SBI Capital Markets Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | July 23, 2026 |
| IPO Close Date | July 27, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹461 to ₹485 Per Share |
| Issue Size | Approx ₹3,811.21 Crores |
| Fresh Issue | Approx ₹499.10 Crores |
| Offer for Sale: | Approx 6,82,91,022 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 30 | ₹14,550 |
| Retail Maximum | 13 | 390 | ₹1,89,150 |
| S-HNI Minimum | 14 | 420 | ₹2,03,700 |
| S-HNI Maximum | 68 | 2,040 | ₹9,89,400 |
| B-HNI Minimum | 69 | 2,070 | ₹10,03,950 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 2,35,25,656 Shares | 29.93% |
| QIB (Ex. Anchor) | 1,56,74,494 Shares | 19.94% |
| NII Shares Offered | 1,17,60,045 Shares | 15% |
| Retail Shares Offered | 2,74,40,105 Shares | 35% |
| Anchor Bidding Date | July 22, 2026 |
| Anchor Investors List | |
| Shares Offered | 2,35,25,656 Shares |
| Anchor Size | 1,140.99 Cr. |
| lock-in period end date 50% shares (30 Days) | Aug 27, 2026 |
| lock-in period end date 50% shares (90 Days) | Oct 26, 2026 |
| IPO Open Date: | July 23, 2026 |
| IPO Close Date: | July 27, 2026 |
| Basis of Allotment: | July 28, 2026 |
| Refunds: | July 29, 2026 |
| Credit to Demat Account: | July 29, 2026 |
| IPO Listing Date: | July 30, 2026 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 48,41,53,072 | 92.94% |
| Promoter Holding Post Issue | 49,44,62,350 | 77.65% |
| Purpose | Crores |
| Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by our Company; and | ₹400.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹2,760.65 | ₹2141.78 | ₹462.69 | ₹3,380.45 |
| 2024 | ₹2,900.38 | ₹2388.70 | ₹283.73 | ₹3,757.51 |
| 2025 | ₹3,373.97 | ₹2691.89 | ₹423.73 | ₹4,140.84 |
| 2026 | ₹4,320.70 | ₹3508.93 | ₹533.54 | ₹4,897.33 |
| KPI | Values |
| ROE: | 21.26% |
| ROCE: | 26.60% |
| EBITDA Margin: | 25.54% |
| PAT Margin: | 12.72% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹11.06 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.26% |
| Net Asset Value (NAV): | ₹58.24 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jiangsu Gian Technology Co, Ltd | 3.91 | 148.00 | 3.10% | 165.13 | 4060.51 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |