Indo-MIM IPO Raises Rs 1,141 Cr from Anchor Investors

Indo-MIM IPO Raises Rs 1,141 Cr from Anchor Investors

Indo-MIM Ltd's Initial Public Offering (IPO) has opened for public subscription, with the company raising Rs 1,141 crore from anchor investors. The IPO, priced in the range of Rs 461-485 per share, aims to mobilise Rs 3,812 crore. The public issue will close on July 27. According to a circular uploaded on the BSE website, Indo-MIM allotted 2.35 crore equity shares to 92 anchor investors. The company plans to use the funds raised to expand its business and repay debts. The IPO is being subscribed by the public from July 25 to 27. The funds raised will be used to strengthen the company's financial position and support its growth plans. The IPO has been priced at a premium, with the company offering a discount of up to Rs 20 per share to anchor investors. The company's shares are listed on the Bombay Stock Exchange (BSE).