Investor Exit Lens

Models institutional investor returns (MOIC and IRR) across Bear, Base, and Bull exit scenarios at a 4-year horizon. Calculates the maximum entry valuation investors can afford while hitting hurdle targets.

Inputs

Investment

₹0.00 Cr

Primary raise (Module 5)

Entry post-money

₹0.00 Cr

Equity + raise

Entry post-money override

₹ Cr

Years to exit

Exit-year EBITDA

₹ Cr

Exit-year PAT

₹ Cr

Exit multiple basis

Market cap basis (net debt not available)

Using Mcap/EBITDA 22.4x (n = 1). INDO-MIM Mcap/EBITDA: 22.4x at IPO price, 32.5x at listing.

Net debt at exit

₹ Cr

Bear compr.

Base compr.

Bull compr.

Target MOIC

Target IRR

FY30-31 EBITDA margin

Scenarios

Exit Multiple Basis Used: Mcap/EBITDA (market-cap basis — net debt not deducted)

Market-cap / Equity Basis

When exit multiple is on a market-cap basis (Mcap/EBITDA or P/E), exit equity is derived directly from the metric; net debt at exit is not deducted again.

Metric / Assumption	Bear (-40.0%) dilution 23.1%	Base (-20.0%) dilution 7.9%	Bull (0.0%) dilution 4.9%
Valuation & Proceeds
Exit EV	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
Exit equity	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
Dilution Assumptions (Per Scenario)
Further rounds %	%	%	%
ESOP top-up %	%	%	%
IPO fresh issue %	%	%	%
Retention factor R	0.7695	0.9215	0.9506
Combined dilution	23.1%	7.9%	4.9%
Investor Returns & Headroom
Ownership at entry	0.0%	0.0%	0.0%
Exit proceeds	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
MOIC	0.0x	0.0x	0.0x
IRR	-100.0%	-100.0%	-100.0%
Ceiling · MOIC	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
Ceiling · IRR	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
Binding ceiling	₹0.00 Cr	₹0.00 Cr	₹0.00 Cr
Headroom	-100.0%	-100.0%	-100.0%

Exit Mcap/EBITDA by scenario

Market cap basis (net debt not available)

Entry-to-exit bridge (Base)

Margin path 0% → 0% (+0.0 pts).

Valuation

Round Designer