Innomet Advanced Materials Limited IPO
NSE SMEListed On: Sep 18, 2024 at ₹ 190.0
₹ 120000 /1200 Shares
Check Allotment11 Sep, 2024
Open Date13 Sep, 2024
Close Date16 Sep, 2024
Allotment Date18 Sep, 2024
Listing DateIssue Price
₹100 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
190.0Listing Date
2024-09-18Market Lot
1200 Shares (₹120,000/-)Lead Manager
Expert Global Consultants Private LimitedIssue Size
3,423,600 shares(aggregating up to ₹34.24 Cr)Retail Portion
50%Subscription
297.42 times
The IPO of Innomet Advanced Materials is priced at ₹100 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Innomet Advanced Materials IPO bid opening date is from Sep 11, 2024 and the bid closing date was Sep 13, 2024.
Innomet Advanced Materials IPO allotment result will be available on Sep 16, 2024. The tentative listing date for Innomet Advanced Materials is Sep 18, 2024.
The total issue size is 3,423,600 shares(aggregating up to ₹34.24 Cr).
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 |
Innomet Advanced Materials Valuations
EPS Pre IPO
₹2.65/-EPS Post IPO
₹1.65/-P/E Pre IPO
37.78P/E Post IPO
51.37ROE
21.37%ROCE
16.27%Debt/Equity
1.27RoNW
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 |
| Net Worth | 1,472.0 | 705.94 | 379.78 |
| Reserves & Surplus | 520.35 | 417.62 | 91.46 |
| Total Borrowing | 1,331.29 | 1,209.5 | 981.51 |
About The Company
In 1984, Innomet Advanced Materials Limited is incorporated, which manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions:
Innomet Powders.
Innotung.
Innomet follows 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 has over 20 different products that include copper, bronze, brass, nickel, tin, and stainless-steel powders for a variety of industries. They are specialized in manufacturing 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 had 56 employees in different departments.
Innomet Advanced Materials - Promoter(s)
Pre Issue Share Holding: 74.52%
Post Issue Share Holding: 54.80%
- 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
Other Details
Innomet Advanced Materials
B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram Medak, Hyderabad-502032Skyline Financial Services Private Ltd
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.
