Indo MIM to lift Rs 1,000 crore in recent fairness
Bengaluru-based Indo MIM, described in an F&S report because the world’s largest producer of precision engineering elements utilizing metallic injection molding (MIM) know-how, is seeking to increase Rs 1,000 crore by a recent concern of fairness. The IPO can even embody a suggestion on the market (OFS) of as much as 12.97 crore fairness shares by current shareholders, together with Inexperienced Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Expertise Madras.
The corporate plans to make use of Rs 720 crore from the recent concern for pre-payment or reimbursement of borrowings, with the rest earmarked for normal company functions. Indo MIM may think about a pre-IPO placement of as much as Rs 200 crore, which might proportionally cut back the dimensions of the recent concern.
Based in 1996, Indo MIM operates 15 manufacturing services 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, client, and aerospace sectors, leveraging applied sciences corresponding to funding casting, precision machining, ceramic injection molding, and metallic 3D printing.
In FY25, the corporate reported income of Rs 3,329 crore and revenue after tax of Rs 423 crore. In accordance with the DRHP, Indo MIM has no listed friends in India and just one international listed peer, Jiangsu Gian Expertise Co. Ltd, listed on the Shenzhen Inventory Change.
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 facility transmission and distribution business, is looking for to lift Rs 1,200 crore by a mixture of recent fairness price Rs 800 crore and an OFS of Rs 400 crore by promoters Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel.
The recent proceeds are supposed to repay Rs 600 crore of excellent borrowings and fund normal company functions. LPIL may discover a pre-IPO placement of as much as Rs 160 crore, which would scale back the recent concern proportionately.
Integrated in 1988, LPIL operates three manufacturing items in West Bengal with a mixed put in capability of 73,100 metric tonnes. Its shoppers embody Indian Railways, a number of Odisha state distribution corporations, and personal EPC gamers corresponding to Montecarlo Restricted and KRYFS Energy Parts 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 embody Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Common Cables.
IIFL Capital Companies and ICICI Securities are appearing as BRLMs for the IPO, which is anticipated to be listed on each BSE and NSE.
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