Indo MIM’s ₹3,812 crore IPO to open on July 23; price band at ₹461-485 per share
Indo MIM Ltd has announced a price band of ₹461-485 per share for its upcoming ₹3,812 crore IPO. The offering includes a fresh issue of ₹500 crore to repay debt and an offer for sale by existing shareholders.
Why it matters
This IPO represents a significant capital market event for the precision engineering sector in India, impacting both institutional and retail investors.
Bengaluru-headquartered Indo MIM Ltd, a precision engineering manufacturer, on Monday fixed a price band of ₹461-485 per share for its ₹3,812 crore Initial Public Offering (IPO), which will hit the market on July 23. The maiden offer consists of a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 6.82 crore equity shares by the existing shareholders.
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