Indo MIM information IPO with Sebi, goals to lift Rs 1,000 crore

Precision parts maker Indo MIM has filed preliminary papers with markets regulator Sebi to lift funds by means of an preliminary public providing (IPO) comprising a contemporary difficulty of fairness shares value Rs 1,000 crore.

Other than contemporary points, there can be a proposal on the market (OFS) of 12.97 crore fairness shares by shareholders, in accordance with 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 think about a pre-IPO placement of fairness shares, aggregating as much as Rs 200 crore. If such placement is accomplished, the quantity raised will probably be deducted from the contemporary difficulty accordingly.

Indo MIM proposes to utilise proceeds of Rs 720 crore for debt fee, and the remaining in direction of normal company functions.

Included in 1996, Indo MIM manufactures precision engineering parts, primarily utilizing metallic injection moulding (MIM) know-how.Alongside MIM, it additionally employs funding casting, precision machining, ceramic injection moulding, and metallic 3D printing to serve prospects throughout automotive, defence, medical, client, and aerospace industries.The corporate operates 15 manufacturing services 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 (car security, gasoline techniques, powertrain, and inside components), defence (firearm parts akin to triggers and sights), medical (surgical machine components for endoscopy, laparoscopy, dental robotics, and orthopedics), client (style equipment, cellphone components, instruments, and {hardware}), and aerospace (parts 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.

In accordance with 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 Alternate in China.

HDFC Financial institution, Axis Capital, ICICI Securities, Kotak Mahindra Capital Firm and SBI Capital Markets are the book-running lead managers to the difficulty.