Indo MIM to lift Rs 1,000 crore in contemporary fairness
Bengaluru-based Indo MIM, described in an F&S report because the world’s largest producer of precision engineering elements utilizing steel injection molding (MIM) know-how, is trying to elevate Rs 1,000 crore via a contemporary problem of fairness. The IPO will even embrace a proposal on the market (OFS) of as much as 12.97 crore fairness shares by present shareholders, together with Inexperienced Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Know-how Madras.
The corporate plans to make use of Rs 720 crore from the contemporary problem for pre-payment or compensation of borrowings, with the rest earmarked for basic company functions. Indo MIM might also contemplate a pre-IPO placement of as much as Rs 200 crore, which might proportionally scale back the scale of the contemporary problem.
Based in 1996, Indo MIM operates 15 manufacturing amenities globally, together with six in India, six in the US, two in the UK, and one in Mexico. The corporate serves the automotive, defence, medical, shopper, and aerospace sectors, leveraging applied sciences reminiscent of funding casting, precision machining, ceramic injection molding, and steel 3D printing.
In FY25, the corporate reported income of Rs 3,329 crore and revenue after tax of Rs 423 crore. In keeping with the DRHP, Indo MIM has no listed friends in India and just one world listed peer, Jiangsu Gian Know-how Co. Ltd, listed on the Shenzhen Inventory Alternate.
HDFC Financial institution, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets are the book-running lead managers (BRLMs) for the IPO, with shares proposed to be listed on each BSE and NSE.
Laser Energy & Infra recordsdata Rs 1,200 crore IPO
Kolkata-based LPIL, an built-in producer of energy cables, conductors, and specialised elements for the ability transmission and distribution business, is looking for to lift Rs 1,200 crore via a mixture of contemporary fairness value Rs 800 crore and an OFS of Rs 400 crore by promoters Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel.
The contemporary proceeds are supposed to repay Rs 600 crore of excellent borrowings and fund basic company functions. LPIL might also discover a pre-IPO placement of as much as Rs 160 crore, which would cut back the contemporary problem proportionately.
Included in 1988, LPIL operates three manufacturing models in West Bengal with a mixed put in capability of 73,100 metric tonnes. Its purchasers embrace Indian Railways, a number of Odisha state distribution corporations, and personal EPC gamers reminiscent of Montecarlo Restricted and KRYFS Energy Elements Restricted.
LPIL reported income of Rs 2,570 crore in FY25, rising at a ~40% CAGR from FY23, with revenue after tax of Rs 106 crore. Its listed friends embrace Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Common Cables.
IIFL Capital Companies and ICICI Securities are performing as BRLMs for the IPO, which is anticipated to be listed on each BSE and NSE.
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