Indo-MIM said to cut IPO size to $420 million in July launch

Precision engineering firm Indo-MIM is set to launch its IPO later this month, targeting around $420 million after trimming the issue size from an earlier $700 million plan. The offering, delayed due to Middle East tensions, comes amid improving market sentiment and renewed foreign investor interest in Indian equities.

Raccontata daeconomictimes.indiatimes.com