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Laser Power & Indo MIM File DRHPs to Raise ₹2,200 Cr
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Industrial firms file IPOs totalling ₹2,200 crore, boosting India’s primary market momentum.
Two industrial firms, Laser Power & Infra and Indo MIM, have filed draft red herring prospectuses with SEBI to raise over ₹2,200 crore via IPOs. Laser Power plans a ₹1,200 crore issue, while Indo MIM is targeting ₹1,000 crore. Their filings align with a broader resurgence in India’s IPO market, particularly among engineering and manufacturing firms keen to access equity capital amid favorable valuations.