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Bengaluru firm Indo MIM files IPO to raise ₹1,000 crore, citing debt repayment and growth.
Indo MIM, a Bengaluru-based precision components manufacturer founded in 1996, has filed for an IPO with India’s SEBI, aiming to raise up to ₹1,000 crore through a fresh equity issue and an offer for sale by existing shareholders.
The company, which uses advanced manufacturing techniques like metal injection moulding and operates 15 global facilities, reported ₹3,329 crore in revenue and ₹423 crore in profit after tax in FY25.
Proceeds will primarily repay debt and support general corporate needs.
The IPO is being managed by HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets, with no listed peers in India and Jiangsu Gian Technology in China as its main global comparable.
La firma de Bengaluru Indo MIM presenta su IPO para recaudar ₹ 1,000 crores, citando el pago de la deuda y el crecimiento.