The company plans to raise ₹1,000 crore through an initial public offering (IPO) comprising a fresh issue of equity shares. Alongside this, there is an offer for sale (OFS) of 12.97 crore equity shares by existing shareholders.
### Offer for Sale (OFS) Details
The shareholders participating in the OFS include Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras.
### Pre-IPO Placement
The company is also considering a pre-IPO placement of equity shares worth up to ₹200 crore. If this placement is completed, the amount raised will be deducted from the fresh issue accordingly.
### Fund Utilization
Indo MIM plans to use ₹720 crore of the IPO proceeds for debt repayment, with the remaining amount allocated towards general corporate purposes.
### Company Overview
Established in 1996, Indo MIM specializes in manufacturing precision engineering components using metal injection molding (MIM) technology. The company also employs other advanced manufacturing techniques such as investment casting, precision machining, ceramic injection molding, and metal 3D printing. These capabilities allow Indo MIM to serve customers across diverse sectors including automotive and aerospace.
### Financial Highlights and Issue Details
In FY25, Indo MIM reported revenue from operations of ₹3,329 crore and a profit after tax of ₹423 crore. While the company does not have any listed peers in India, it has one global peer—Jiangsu Gian Technology Co Ltd—which is listed on the Shenzhen Stock Exchange in China.
HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets are acting as the book-running lead managers for this issue.
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