This Bengaluru-based company wants to raise ₹1,000cr via IPO

Indo MIM to Raise ₹1,000 Crore Through Initial Public Offering (IPO)

Indo MIM has announced plans to raise ₹1,000 crore via an initial public offering (IPO) that will comprise a fresh issue of equity shares. In addition to the fresh issue, shareholders will offer an Offer for Sale (OFS) of 12.97 crore equity shares.

Details of the Offer for Sale (OFS)

The shareholders participating in the OFS include prominent investors such as Green Meadows Investments Ltd, Anuradha Koduri, John Anthony Dexheimer, and the Indian Institute of Technology Madras. This move provides an opportunity for these stakeholders to divest a portion of their holdings in the company.

Pre-IPO Placement

The company is also considering a pre-IPO placement of equity shares worth up to ₹200 crore. If this placement is successfully completed, the amount raised will be adjusted against the fresh issue size accordingly.

Utilization of Funds

Indo MIM plans to utilize ₹720 crore from the IPO proceeds for debt repayment. The remaining funds will be directed toward general corporate purposes to support the company’s growth and operational needs.

About Indo MIM

Founded in 1996, Indo MIM specializes in manufacturing precision engineering components using advanced Metal Injection Molding (MIM) technology. Besides MIM, the company employs investment casting, precision machining, ceramic injection molding, and metal 3D printing processes. Indo MIM caters to a diverse clientele across various sectors, including automotive and aerospace.

Financial Highlights and Issue Details

In the fiscal year 2025 (FY25), Indo MIM reported revenues from operations of ₹3,329 crore and a profit after tax of ₹423 crore. While the company does not have any listed peers in India, it does have a global peer, Jiangsu Gian Technology Co Ltd, which is listed on the Shenzhen Stock Exchange in China.

The IPO is being managed by a consortium of leading financial institutions. HDFC Bank, Axis Capital, ICICI Securities, Kotak Mahindra Capital, and SBI Capital Markets are appointed as the book-running lead managers for this issue.
https://www.newsbytesapp.com/news/business/indo-mim-files-1-000cr-ipo-papers/story

Boeing settles wrongful death lawsuit over whistleblower’s suicide for $50,000

**Boeing Settles Wrongful Death Lawsuit Over Whistleblower’s Suicide for $50,000**

*By Dwaipayan Roy | September 27, 2025*

Boeing has reached a settlement in a wrongful death lawsuit filed by the family of John Barnett, a quality inspector and whistleblower who died by suicide in March 2024. The settlement amount totals $50,000.

### Background: Barnett’s Whistleblower Claims

John Barnett joined Boeing in 1988 after working on NASA’s Space Shuttle program. During his tenure as a quality inspector, he raised multiple safety concerns, particularly regarding the Boeing 787 Dreamliner being produced at the North Charleston, South Carolina plant. Barnett alleged a decline in safety protocols between 2010 and 2017, claiming that employees were pressured to overlook defects in order to meet production quotas.

He reported that some parts were missing or inadequately documented during assembly, suggesting serious lapses in safety checks. While the Federal Aviation Administration (FAA) confirmed some of the issues Barnett pointed out, the Occupational Safety and Health Administration (OSHA) initially dismissed his claims in Boeing’s favor in 2021—a decision Barnett later appealed.

### Aftermath: Spotlight on Boeing’s Safety Culture

Barnett’s death drew global attention to Boeing’s manufacturing practices and workplace culture, particularly at the North Charleston facility. Concurrently, Boeing’s Seattle plant faced federal scrutiny after an incident involving a door-shaped plug detaching from an airborne 737 Max.

### Details of the Settlement

On September 26, Boeing and Barnett’s family agreed to a “full, final and confidential settlement,” according to court filings. The agreement requires the dismissal of all claims filed by Barnett and his estate, including the lawsuit he was pursuing before his death.

Of the $50,000 settlement:

– $20,000 will cover legal fees and costs
– The remaining amount will be paid directly to the plaintiffs

This settlement concludes the wrongful death litigation related to Barnett’s suicide and the retaliation claims he had brought against Boeing.

John Barnett’s case highlights ongoing concerns about safety and employee treatment within the aerospace industry, renewing calls for transparency and accountability at Boeing’s manufacturing facilities.
https://www.newsbytesapp.com/news/business/boeing-has-settled-a-wrongful-death-lawsuit-for-50-000/story

Turkmenistan spins textile export wins with gabardine, calico, and terry products

**State Commodity and Raw Materials Exchange of Turkmenistan: Textile Enterprises Offer Large Consignments**

Several textile enterprises have presented large consignments of cotton yarn and fabrics through the State Commodity and Raw Materials Exchange of Turkmenistan. All lots are available under payment deferment terms, with FCA delivery from Ashgabat and Turkmenabat.

**Currency Rates:**

| Currency | Rate |
|———-|———|
| AZN | 40.00 |
| USD | 23.50 |
| EUR | 20.00 |
| RUB | 0.00 |

Buy orders are welcome. For more information and to place an order, please contact the exchange.
https://www.trend.az/business/4095956.html

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