Indo MIM - IPO Note | Insight

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Indo MIM - IPO Note

Midas Equities and Research

23 July 2026

15 min read

Indo MIM - IPO Note

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Spark Capital Advisors (India) Private Limited (SCA) has gone through a process of reorganisation in 2022 and demerged its institutional equities business (stock broking license and research analyst license) to Spark Institutional Equities Private Limited (SIEPL) through a Composite Scheme of Demerger. Further the shares of SIEPL have been bought by Avendus Capital Private Limited with effect from December 20, 2022. SCA, its affiliates and its related parties, do not have any connection or relation with SIEPL

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Indo MIM - IPO Note | Insight