Innomet Advanced Materials Limited IPO

NSE SME

Listed On: Sep 18, 2024 at ₹ 190.0

₹ 120000 /1200 Shares

Check Allotment

Innomet Advanced Materials IPO Live Subscription Details

Date

13-Sep-2024 17:26:41 hrs

NII

367.87

Retail

226.97x

Total

297.42 times

Innomet Advanced Materials IPO Details

11 Sep, 2024

Open Date

13 Sep, 2024

Close Date

16 Sep, 2024

Allotment Date

18 Sep, 2024

Listing Date

Issue Price

₹100 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

190.0

Listing Date

2024-09-18

Market Lot

1200 Shares (₹120,000/-)

Lead Manager

Expert Global Consultants Private Limited

Issue Size

3,423,600 shares(aggregating up to ₹34.24 Cr)

Retail Portion

50%

Subscription

297.42 times

IPO Docs

DRHP RHP

Innomet Advanced Materials IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,626,000	1,626,000	3,252,000
Day 1 - 11-09-24 06:00 PM	0.21 x	0.85 x	0.53 x
Day 2 - 12-09-24 06:00 PM	3.63 x	10.99 x	7.77 x
Day 3 - 13-09-24 06:00 PM	367.87 x	226.97 x	297.42 x

Total No. of Applications: 307,543 (Approx)

Innomet Advanced Materials Valuations

EPS Pre IPO

₹2.65/-

EPS Post IPO

₹1.65/-

P/E Pre IPO

37.78

P/E Post IPO

51.37

RoNW

17.11%

Innomet Advanced Materials Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	3,416.76	1,213.68	974.01
Revenue	2,955.45	2,714.78	2,240.35
Profit After Tax	251.91	321.55	55.17

About The Company

Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.

The company has two divisions:
Innomet Powders.
Innotung.

Innomet complies with the Quality Management System Standard: ISO 9001:2015 for the manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components.The company offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, and cobalt.

The company has supplied its products in India as well as in US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.As of March 31, 2024, the company has 56 employees in various departments.

Innomet Advanced Materials - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Lakshmi Kanthamma Chilakapati
Saritha Devi Chilakapati
Vinay Choudhary Chilakapati

Innomet Advanced Materials IPO - Issue Objectives

Funding working capital requirements of the Company
Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment
Repayment or prepayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions
General corporate purposes
Issue Expenses

Innomet Advanced Materials IPO - FAQs

Ans. Innomet Advanced Materials Limited IPO is a SME IPO. The issue is priced at ₹100 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 11, 2024, and closes on Sep 13, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Innomet Advanced Materials Limited IPO opens on Sep 11, 2024 and closes on Sep 13, 2024.

Ans. The size of Innomet Advanced Materials Limited IPO is 3,423,600 shares(aggregating up to ₹34.24 Cr).

Ans. The IPO price band is set between ₹100 per equity share.

Ans. To apply for Innomet Advanced Materials Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Innomet Advanced Materials Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Innomet Advanced Materials Limited IPO is Sep 16, 2024.

Ans. The Innomet Advanced Materials Limited IPO will be listed on Sep 18, 2024.

Ans. Follow the steps to check the allotment status for Innomet Advanced Materials Limited IPO here.