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Indo-MIM Ltd
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santosh.d@indo-mim.com Website:www.indo-mim.com
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Initial public offer of 78,618,857 equity shares of face value of Rs. 1 each ("Equity Shares") of Indo-mim Ltd ("Company" or "Issuer") for cash at a price of Rs. 485 per equity share (Including a share premium of Rs. 484 per equity share) ("Offer Price"), aggregating to Rs. 3812.12 Crore (the "Offer") comprising of a fresh issue of up to equity 10,327,835 equity shares of face value of Rs. 1 each aggregating to Rs. 500.00 Crore (the "Fresh Issue") and an offer for sale of to 68,291,022 equity shares of face value of Rs. 1 each aggregating to Rs. 3312.12 Crore (the "Offer for Sale") comprising of to 60,524,322 equity shares of face value Rs. 1 each aggregating to Rs. 2935.43 Crore by green meadows investments ltd (the"Corporate Promoter Selling Shareholder"), to 5,459,000 equity shares of face value Rs. 1 each aggregating to Rs. 264.76 Crore by Anuradha Koduri (the "Individual Promoter Group Selling Shareholder"), and to 2,307,700 equity shares of face value Rs. 1 each aggregating to Rs. 111.92 Crore by Indian institute of technology madras (the "Other Selling Shareholder" and Collectively With the Corporate Promoter Selling Shareholder, and Individual Promoter Group Selling Shareholder, the "Selling Shareholders", and Such Equity Shares Offered by the Selling Shareholders, the "Offered Shares").
This offer includes a reservation of 200,000 equity shares of face value of Rs. 1 each, aggregating to Rs. 8.8 Crore (constituting up to 0.04% of the post-offer paid-up equity share capital, for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constituted 15.90% and 15.86%, respectively, of the post-offer paid-up equity share capital. The company in consultation with the brlms, may offer a discount of 9.28% (equivalent to Rs. 45 per equity share) to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
Price Band: Rs. 485 per equity share of face value of Rs. 1 each.
The floor price 485 times the face value of the equity shares, respectively.
Bids can be made for a minimum of 30 equity shares of face value of Rs. 1 each and in multiples of 30 equity shares of face value of Rs. 1 each thereafter.
A discount of Rs. 45 per equity share is being offered to eligible employees bidding in the employee reservation portion.
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Indo-MIM Ltd
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Rs Cr |
Lead Managers to the Issue |
| 485.44 |
| Kotak Mahindra Capital Company Limited |
| SBI Capital Markets Limited |
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| 3812.12 |
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| 49.45 |
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| Rs.
485.00
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| Projects |
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Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
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General corporate purposes
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| Green Meadows Investments Ltd |
| Krishna Chivukula |
| Krishna Chivukula Jr. |
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| MUFG Intime India Pvt Ltd |
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