Bengaluru-based Indo-MIM Limited, the world’s largest player in metal injection molding (MIM), has filed draft papers with SEBI to raise funds through an initial public offering (IPO). The issue will comprise a fresh issue of shares worth Rs 1,000 crore along with an offer for sale (OFS) of up to 12.97 crore equity shares by existing investors. The company may also consider a pre-IPO placement of up to Rs 200 crore, which would reduce the size of the fresh issue.

According to the draft prospectus, net proceeds from the fresh issue will be used mainly to repay and prepay borrowings, while the balance will be deployed towards general corporate purposes. The company will not receive any proceeds from the OFS.

Founded in 1996, Indo-MIM has emerged as a global leader in metal injection moldin

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