Indo-MIM is all set to make its stock market debut on the BSE and NSE today, with investor enthusiasm running high. Ahead of the listing, the company's IPO continues to command a strong premium in the grey market, indicating the possibility of a robust opening.The latest Grey Market Premium (GMP) stands at Rs 190, implying a premium of nearly 39% over the IPO's upper price band of Rs 485 per share. If current grey market trends hold, the stock could debut at around Rs 675 per share.The Rs 3,811.21 crore public issue was priced at Rs 485 per share and comprised a fresh issue of Rs 499.10 crore along with an offer for sale (OFS) of Rs 3,311.21 crore. Prior to the IPO, the company also secured Rs 1,140.99 crore from anchor investors.The IPO, which was open for subscription between July 23 and July 27, witnessed exceptional investor participation, closing with an overall subscription of 98.47 times.Institutional investors led the charge, with the Qualified Institutional Buyers (QIB) category subscribed an impressive 296.13 times. The Non-Institutional Investor (NII) segment was subscribed 50.63 times, while the Retail Individual Investor (RII) portion attracted a healthy 6.67 times subscription.The shares were offered in a price band of Rs 461-485 apiece.Indo-MIM IPO GMP todayThe grey market continues to reflect bullish sentiment ahead of the company's market debut. With the GMP currently at Rs 190, investors are expecting a strong listing performance, translating to an estimated debut price of around Rs 675 per share.However, investors should note that the Grey Market Premium (GMP) is an unofficial indicator based on market sentiment and speculative trading. It does not guarantee the actual listing price or future stock performance.How Indo-MIM Plans to Use the IPO FundsFrom the fresh issue proceeds, the company intends to allocate Rs 400 crore toward the repayment or prepayment of certain outstanding borrowings. The remaining funds will be utilized for general corporate purposes, helping strengthen the company's balance sheet and support future expansion.About Indo-MIMEstablished in 1996, Indo-MIM is one of the world's leading manufacturers of precision engineering components using Metal Injection Molding (MIM) technology. The company offers end-to-end manufacturing capabilities, including mold design, tooling, machining, finishing, and assembly.Over the years, Indo-MIM has expanded beyond its core MIM business by adding advanced manufacturing technologies such as investment casting, precision machining, ceramic injection molding, and 3D metal printing. Its products serve a diverse range of industries, including automotive, aerospace, defence, medical devices, and consumer goods.In FY26, the company manufactured more than 6,400 products, highlighting the scale and diversity of its engineering capabilities.Financial PerformanceIndo-MIM delivered a strong financial performance in FY26, supported by healthy growth in both revenue and profitability.Total income rose 28.1% year-on-year to Rs 4,320.70 crore, compared with Rs 3,373.97 crore in FY25.Profit after tax (PAT) increased 25.9% to Rs 533.54 crore, up from Rs 423.73 crore in the previous financial year.Investor Focus on Listing DayWith an IPO subscribed nearly 100 times, robust institutional participation, solid financial growth, and a grey market premium indicating a potential 39% listing gain, all eyes will be on Indo-MIM's stock market debut today. Investors will be watching closely to see whether the company lives up to the high expectations built during the IPO and delivers a strong listing performance.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)