# BlackRock and 3P India invest Rs 1,141 crore in Indo MIM IPO anchor book Metal injection molding giant Indo MIM secures major investor backing ahead of its public offering. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/a3bb480e-4e88-4340-bc8b-f80bc12e24b8 ## Anchor investor interest Indo MIM raised Rs 1,141 crore from anchor investors including BlackRock and 3P India ahead of its Rs 3,811 crore IPO. The company set a price band of Rs 461-485 per share, with the public subscription open until July 27. ## Global investor participation Anchor investors include Government Pension Fund Global, Goldman Sachs, and numerous domestic/foreign funds. 56% of the 2.35 crore allocated shares went to 23 domestic mutual funds through 60 schemes. ## Industrial leadership As the world's largest MIM technology player, Indo MIM supplies over 6,400 products to automotive, defense, medical devices, and aerospace sectors. It operates 15 manufacturing facilities globally. ## Financial growth In FY26, the company's revenue grew 28.1% to Rs 4,320 crore while net profit rose 25.9% to Rs 533 crore, demonstrating strong financial health and industry positioning. ## IPO utilization Rs 400 crore from the fresh issue will repay borrowings, with remaining funds for corporate purposes. HDFC Bank, Axis Capital, and ICICI Securities are leading the offering as book-running managers. ## Investment outlook Analysts recommend subscription for medium-to-long term investors, citing global market leadership and integrated capabilities. The 45x P/E valuation on FY26 earnings is considered reasonable for its growth prospects. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/blackrock-prashant-jain-backed-3p-india-among-others-invest-in-indo-mim-ipo-anchor-book-of-rs-1141-crore/articleshow/132573246.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._