Precision Components Maker Indo MIM Files IPO Papers With SEBI; Looks To Raise Rs 1,000 Crore

Its product portfolio is organised into five groups — automotive (vehicle safety, fuel systems, powertrain, and interior parts), defence (firearm components such as triggers and sights), medical (surgical device parts for endoscopy, laparoscopy, dental robotics, and orthopedics), consumer (fashion accessories, cellphone parts, tools, and hardware), and aerospace (components like manifolds, housings, adaptors, nozzles, and brackets for OEMs).

In FY25, Indo MIM reported revenue from operations of Rs 3,329 crore and profit after tax of Rs 423 crore.

According to its DRHP, the company does not have listed peers in India, and has one comparable listed peer globally — Jiangsu Gian Technology Co Ltd, listed on the Shenzhen Stock Exchange in China.

HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital Company and SBI Capital Markets are the book-running lead managers to the issue.

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