Indo MIM to raise Rs 1, 000 crore in fresh equity
Bengaluru-based Indo MIM, described in an F&S record as the globe’s largest producer of precision engineering parts using metal shot molding (MIM) innovation, is wanting to raise Rs 1, 000 crore via a fresh issue of equity. The IPO will certainly likewise include a sell (OFS) of up to 12 97 crore equity shares by existing shareholders, including Eco-friendly Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Modern Technology Madras.
The company plans to make use of Rs 720 crore from the fresh concern for pre-payment or repayment of loanings, with the rest set aside for general corporate functions. Indo MIM might additionally take into consideration a pre-IPO placement of as much as Rs 200 crore , which would proportionally minimize the size of the fresh concern.
Established in 1996, Indo MIM operates 15 producing facilities internationally, including six in India, six in the United States, 2 in the UK, and one in Mexico. The business serves the vehicle, protection, medical, consumer, and aerospace markets, leveraging modern technologies such as financial investment spreading, accuracy machining, ceramic injection molding, and metal 3 D printing.
In FY 25, the firm reported revenue of Rs 3, 329 crore and profit after tax of Rs 423 crore. According to the DRHP, Indo MIM has actually no detailed peers in India and only one worldwide listed peer, Jiangsu Gian Technology Co. Ltd, listed on the Shenzhen Stock Market.
HDFC Financial institution , Axis Capital , ICICI Stocks, Kotak Mahindra Funding, and SBI Funding Markets are the book-running lead managers ( BRLMs for the IPO, with shares recommended to be provided on both BSE and NSE.
Laser Power & & Infra data Rs 1, 200 crore IPO
Kolkata-based LPIL, an incorporated manufacturer of power cables , conductors, and was experts components for the power transmission and circulation market, is seeking to elevate Rs 1, 200 crore with a mix of fresh equity worth Rs 800 crore and an OFS of Rs 400 crore by promoters Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel.
The fresh profits are planned to pay off Rs 600 crore of superior loanings and fund general business purposes. LPIL might additionally check out a pre-IPO placement of as much as Rs 160 crore, which would minimize the fresh problem proportionately.
Incorporated in 1988, LPIL runs three producing systems in West Bengal with a mixed mounted ability of 73, 100 metric tonnes. Its customers include Indian Trains, numerous Odisha state distribution firms, and private EPC players such as Montecarlo Limited and KRYFS Power Components Limited.
LPIL reported earnings of Rs 2, 570 crore in FY 25, growing at a ~ 40 % CAGR from FY 23, with revenue after tax obligation of Rs 106 crore. Its noted peers consist of Apar Industries , Polycab India , KEI Industries , Dynamic Cables , and Universal Cables
IIFL Funding Services and ICICI Stocks are working as BRLMs for the IPO, which is anticipated to be noted on both BSE and NSE.
Also check out| Swiggy shares down 21 % thus far in 2025 Will Rapido risk sale fuel Instamart’s next leg?
(Please Note: Recommendations, tips, views and point of views provided by the professionals are their own. These do not stand for the sights of the Economic Times)
as a Reliable and Trusted Information Source