Indo MIM files IPO with Sebi, wants to increase RS 1,000 crore

Precision components Maker Indo Mim has submitted provisional articles to Markten Regulator Sebi to raise funds via an initial public offer (IPO) that includes a new edition of shares of RS 1,000 crore.

Apart from new problems, there would be an offer for sale (OFS) of 12.97 crore shares by shareholders, according to the concept of Red Herring Prospectus (DRHP) that was submitted on Friday.

As part of the OFS, Green Meadows Investments LTD, Anuradha Koduri, John Anthony Dexheimer and the Indian Institute of Technology Madras will discharge shares.

The company established in Bengaluru can consider a pre-ipo placement of shares of shares, so that RS 200 Crore is aggregated. If such a placement is completed, the increased amount is deducted from the new issue accordingly.

Indo Mim proposes to use the proceeds from RS 720 Crore for debt payment and the remains to general business purposes.

Founded in 1996, Indo MIM produces precision -engineering components, mainly with the help of metal syringes (MIM) technology. Alongside Mim, it also uses investment casting, precision processing, ceramic injection molding and metal 3D printing to serve customers in automotive, defense, medical, consumer and aerospace industry. Kingdom and one in Mexico. It is one of the largest producers of MIM products worldwide in terms of installed capacity.

The product portfolio is organized in five groups – Automotive (vehicle safety, fuel systems, powertrain and interior components), Defense (firearm components such as triggers and sights), medical device (surgical device parts for endoscopy, laparoscopy, mode -robot, – -accessories – – – – – – – – – – – – Camel – – – – – – – – – – – -accessory – – – – -accessory – – – -accessory – – -accessories – – – -accessories – – – -accessories – – – – – – -accessories – – – – – -accessories – – – – – -accessories – – – – -accessory – – -accessories – – – – -accessory – -accessories – – -accessories – – -accessories – -accessories – – -of -home -accessory -arrangement -sized Tools, and hardware), and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and hardware, and the aëeldaard, and the nerk sound, and the nerkaarde, and the, and and, and and the, and and and and and and and and and and and and and and and end, Aerode, and the Aëelpaard, and the aero, and the aerated, and the aerrode), and the nerveure, and the nerkl. Adapters, nozzles and brackets for OEMs).

In FY25, Indo MIM reported income from the activities of RS 3,329 Crore and profit after tax on RS 423 Crore.

According to his DRHP, the company has no mentioned colleagues in India and has a similarly mentioned pear worldwide – Jiangsu Gian Technology Co Ltd, mentioned on the Shenzhen Stock Exchange in China.

HDFC Bank, Axis Capital, Icici Securities, Kotak Mahindra Capital Company and SBI Capital Markets are the book runners of the issue.