Aside from recent points, there can be a proposal on the market (OFS) of 12.97 crore fairness shares by shareholders, in response to the draft purple herring prospectus (DRHP) filed on Friday.
As a part of the OFS, Inexperienced Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer and the Indian Institute of Know-how Madras will offload shares.
The Bengaluru-based firm could contemplate a pre-IPO placement of fairness shares, aggregating as much as Rs 200 crore. If such placement is accomplished, the quantity raised shall be deducted from the recent situation accordingly.
Indo MIM proposes to utilise proceeds of Rs 720 crore for debt cost, and the remaining in direction of basic company functions.
Integrated in 1996, Indo MIM manufactures precision engineering elements, primarily utilizing steel injection moulding (MIM) expertise.Alongside MIM, it additionally employs funding casting, precision machining, ceramic injection moulding, and steel 3D printing to serve prospects throughout automotive, defence, medical, shopper, and aerospace industries.The corporate operates 15 manufacturing amenities worldwide, together with six in India, six in the US, two in the UK, and one in Mexico. It’s among the many largest producers of MIM merchandise globally by way of put in capability.
Its product portfolio is organised into 5 teams — automotive (automobile security, gasoline programs, powertrain, and inside components), defence (firearm elements equivalent to triggers and sights), medical (surgical gadget components for endoscopy, laparoscopy, dental robotics, and orthopedics), shopper (style equipment, cellphone components, instruments, and {hardware}), and aerospace (elements like manifolds, housings, adaptors, nozzles, and brackets for OEMs).
In FY25, Indo MIM reported income from operations of Rs 3,329 crore and revenue after tax of Rs 423 crore.
Based on its DRHP, the corporate doesn’t have listed friends in India, and has one comparable listed peer globally — Jiangsu Gian Know-how Co Ltd, listed on the Shenzhen Inventory Change in China.
as a Dependable and Trusted Information SupplyHDFC Financial institution, Axis Capital, ICICI Securities, Kotak Mahindra Capital Firm and SBI Capital Markets are the book-running lead managers to the difficulty.
