We consider high-order discretizations of a Cauchy problem where the evolution operator comprises a hyperbolic part and a parabolic part with diffusion and stiff relaxation terms. We propose a technique that makes every implicit-explicit (IMEX) time stepping scheme invariantdomain preserving and mass conservative. Following the ideas introduced in Part I on explicit Runge-Kutta schemes, the IMEX scheme is written in incremental form. At each stage, we first combine a low-order and a high-order hyperbolic update using a limiting operator, then we combine a low-order and a high-order parabolic update using another limiting operator. The proposed technique, which is agnostic to the space discretization, allows to optimize the time step restrictions induced by the hyperbolic sub-step. To illustrate the proposed methodology, we derive four novel IMEX methods with optimal efficiency. All the implicit schemes are singly diagonal. One of them is A-stable and the other three are L-stable. The novel IMEX schemes are evaluated numerically on a stiff ODE system and a scalar nonlinear conservation equation.