Bhubaneswar : INDO-MIM Limited (the “Company”) proposes to open an initial public offering of its equity shares of face value of ₹1 each (“Equity Shares” and such offering the “Offer”) on Thursday, July 23, 2026. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, July 22, 2026. The Bid/ Offer Closing Date is Monday, July 27, 2026*.
*UPI mandate end time and date shall be at 5:00 pm on the Bid/Offer Closing Date.
The Price Band of the Offer has been fixed from ₹ 461 per Equity Share of face value ₹1 each to ₹ 485 per Equity Share of face value ₹1 each. Bids can be made for a minimum of 30 Equity Shares of face value ₹1 each and multiples of 30 Equity Shares of face value ₹1 each thereafter.
The Offer comprises of a Fresh Issue of Equity Shares aggregating up to ₹5,000.00 million and an Offer for Sale of up to 68,291,022 Equity Shares by the Selling Shareholders.
The Offer for Sale includes up to 60,524,322 Equity Shares aggregating up to ₹ [●] million by Green Meadows Investments Ltd (Corporate Promoter Selling Shareholder); up to 5,459,000 Equity Shares aggregating up to ₹ [●] million by Anuradha Koduri (Individual Promoter Group Selling Shareholder) and up to 2,307,700 Equity Shares aggregating up to ₹ [●] million by Indian Institute of Technology Madras (Other Selling Shareholder) (collectively “Selling Shareholders”).
This Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations and through the Book Building Process wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”). The Company, in consultation with the Book Running Lead Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), out of which 40% of the Anchor Investor Portion shall be available for allocation as follows: (i) 33.33% shall be available for allocation to domestic Mutual Funds, and (ii) 6.67% for Life Insurance Companies and Pension Funds, subject to valid Bids being received from the domestic Mutual Funds, Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds, the unsubscribed portion shall be available for allocation to domestic Mutual Funds. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders such that: (a) one-third of the portion available to Non-Institutional Bidders, shall be reserved for Bidders with application size of more than ₹0.20 million and up to ₹1.00 million and (b) two-thirds of the portion available to Non-Institutional Bidders, shall be reserved for Bidders with an application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders, subject to valid Bids being received at or above the Offer Price and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidder (“RIBs”) in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
All Bidders, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank account (including UPI ID in case of UPI Bidders) which will be blocked by the SCSBs or the Sponsor Bank(s) as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE“) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).
HDFC Bank Limited, Axis Capital Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.
All capitalized terms used but not defined herein shall have the meaning assigned to them in the Red Herring Prospectus.
