Indo MIM to increase Rs 1, 000 crore in fresh equity
Bengaluru-based Indo MIM, defined in an F&S report as the world’s largest producer of precision design elements making use of metal injection molding (MIM) technology, is seeking to elevate Rs 1, 000 crore with a fresh issue of equity. The IPO will certainly likewise include a sell (OFS) of approximately 12 97 crore equity shares by existing investors, consisting of Eco-friendly Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Modern Technology Madras.
The company prepares to make use of Rs 720 crore from the fresh issue for pre-payment or payment of borrowings, with the rest earmarked for basic company objectives. Indo MIM might likewise think about a pre-IPO positioning of up to Rs 200 crore , which would proportionally lower the dimension of the fresh issue.
Established in 1996, Indo MIM runs 15 making facilities globally, consisting of 6 in India, six in the USA, 2 in the UK, and one in Mexico. The business serves the automobile, defence, clinical, customer, and aerospace sectors, leveraging modern technologies such as investment spreading, accuracy machining, ceramic injection molding, and metal 3 D printing.
In FY 25, the business reported earnings of Rs 3, 329 crore and earnings after tax obligation of Rs 423 crore. According to the DRHP, Indo MIM has no detailed peers in India and just one worldwide detailed peer, Jiangsu Gian Modern Technology Co. Ltd, noted on the Shenzhen Stock Exchange.
HDFC Financial institution , Axis Resources , ICICI Stocks, Kotak Mahindra Resources, and SBI Funding Markets are the book-running lead managers ( BRLMs for the IPO, with shares proposed to be provided on both BSE and NSE.
Laser Power & & Infra data Rs 1, 200 crore IPO
Kolkata-based LPIL, an integrated supplier of power line , conductors, and specialised components for the power transmission and circulation industry, is looking for to elevate Rs 1, 200 crore with a combination 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 meant to repay Rs 600 crore of outstanding loanings and fund general company functions. LPIL may also check out a pre-IPO positioning of as much as Rs 160 crore, which would certainly minimize the fresh concern proportionately.
Incorporated in 1988, LPIL runs three producing devices in West Bengal with a consolidated installed capacity of 73, 100 statistics tonnes. Its customers include Indian Trains, numerous Odisha state circulation firms, and exclusive EPC gamers such as Montecarlo Limited and KRYFS Power Parts Limited.
LPIL reported income of Rs 2, 570 crore in FY 25, growing at a ~ 40 % CAGR from FY 23, with profit after tax obligation of Rs 106 crore. Its detailed peers consist of Apar Industries , Polycab India , KEI Industries , Dynamic Cables , and Universal Cables
IIFL Funding Provider and ICICI Stocks are acting as BRLMs for the IPO, which is anticipated to be detailed on both BSE and NSE.
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