Indo-MIM raises Rs 1,141 cr from anchor investors; IPO opens for public subscription

NEW DELHI: (Jul 23) Precision engineering components maker Indo-MIM Ltd has mobilised about Rs 1,141 crore from anchor investors as its Rs 3,812 crore Initial Public Offering (IPO) opened for public subscription on Thursday.

The public issue, priced in the range of Rs 461-485 per share, will close on July 27.

According to a circular uploaded on the BSE website on Wednesday, Indo-MIM allotted 2.35 crore equity shares to 92 anchor investors at Rs 485 apiece, aggregating Rs 1,140.99 crore.