The company plans to raise ₹1,000 crore through an initial public offering (IPO) comprising a fresh issue of equity shares. Alongside this, there is an offer for sale (OFS) of 12.97 crore equity shares by existing shareholders.

### Offer for Sale (OFS) Details

The shareholders participating in the OFS include Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras.

### Pre-IPO Placement of Shares

The company is also considering a pre-IPO placement of equity shares worth up to ₹200 crore. If this placement is completed, the amount raised will be deducted from the fresh issue accordingly.

### Fund Utilization

Indo MIM plans to utilize ₹720 crore of the IPO proceeds for debt repayment. The remaining funds will be allocated towards general corporate purposes.

### About Indo MIM

Established in 1996, Indo MIM specializes in manufacturing precision engineering components using metal injection molding (MIM) technology. Additionally, the company employs investment casting, precision machining, ceramic injection molding, and metal 3D printing techniques to serve customers across various sectors such as automotive and aerospace.

### Financials and Issue Details

In FY25, Indo MIM posted revenue from operations of ₹3,329 crore and a profit after tax of ₹423 crore. The company currently does not have any listed peers in India but has one global peer—Jiangsu Gian Technology Co Ltd, which is listed on the Shenzhen Stock Exchange in China.

The book-running lead managers for this issue are HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets.
https://www.newsbytesapp.com/news/business/indo-mim-files-1-000cr-ipo-papers/story