Laser Power & Infra, Indo Mim Files Draft Papers with Sebi for IPOs

Two Indian manufacturers, Laser Power & Infra LTD (LPIL) and Indo MIM LTD, have submitted Concept Red Herring Prospectuses (DRHPs) to the Markets Regulator Securities and Exchange Board of India (Sebi), which formed the scene for initial public offers (IPOs) that would together be more) that would together be possible) that would together be more) that would together) that would be more) that would together) that were more) that would together be public offers) that were more) that would together) that merge) that would together be) that more) that would together) that together) that together) that together). The archives mark the latest wave of industrial and technical companies that are looking for public capital in the midst of a floating IPO market.

Indo Mim to eliminate RS 1,000 crore in fresh equity

Bengaluru established in Indo Mim, described in an F&S report as the world’s largest manufacturer of precision engineering components using metal injection molding (MIM) technology, RS wants to increase 1,000 crore through a new matter of equity. The IPO will also contain an offer (OFS) of a maximum of 12.97 crore shares of the shareholders by existing shareholders, including Green Meadows Investments LTD, Anuradha Koduri, John Anthony Dexheimer and the Indian Institute of Technology Madras.

The company plans to use RS 720 Crore of the new issue for pre -payment or reimbursement of loans, where the rest is reserved for general business purposes. Indo Mim can also consider a pre-ipo placement of a maximum of RS 200 Crore, which would reduce the size of the new issue proportionally.

Indo Mim, founded in 1996, operates 15 production facilities worldwide, including six in India, six in the United States, two in the United Kingdom and one in Mexico. The company serves the automotive, defense, medical, consumer and space sectors, using technologies such as investment casting, precision processing, Molding of ceramic spray tires and metal 3D printing.

In FY25 the company reported a turnover of RS 3,329 Crore and profit after tax on RS 423 Crore. According to the DRHP, Indo Mim has no listed colleagues in India and only one global listed Peer, Jiangsu Gian Technology Co. Ltd, mentioned on the Shenzhen Stock Exchange.

HDFC Bank, Axis Capital, Icici Securities, Kotak Mahindra Capital and SBI Capital Markets are the Book-Running Lead Managers (BRLMS) for the IPO, with shares to be mentioned on both BSE and NSE.

Laser Power & Infra Files RS 1,200 Crore IPO

On Kolkata -based LPIL, an integrated manufacturer of power cables, conductors and specialized components for the Power Transmission and Distribution Industry, RS tries to increase RS 1.200 CRORE by a combination of fresh equity worth RS 800 CRORE and a Van RS 400 GOOTSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH, DEVESSH DEVAKAT, DEVESSH DEVAKAT Goel, AksHat Goel, AksHat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshat Goel, Akshi Goel, Akshat Goel, and Rakhi, and Rakhi.

The new revenues are intended to repay RS 600 Crore of outstanding loans and to finance general business purposes. LPIL can also explore a pre-ipo placement of a maximum of RS 160 Crore, which would reduce the fresh issue proportionally.

LPIL was included in 1988 and operates three production units in West Bengal with a combined installed capacity of 73,100 tons. The customers include Indian Railways, various distribution companies in Odisha and private EPC players such as Montecarlo Limited and Kryfs Power Components Limited.

LPIL reported the turnover of RS 2,570 Crore in FY25, grew with a CAGR of ~ 40% of FY23, with profit after tax of RS 106 Crore. The listed colleagues include Apar Industries, Polycab India, Kei Industries, Dynamic Cables and Universal Cables.

IIFL Capital Services and ICICI effects act as BRLMS for the IPO, which is expected to be mentioned on both BSE and NSE.

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