Innomet Advanced Materials Limited IPO
NSE SMEListed On: Sep 18, 2024 at ₹ 190.0
₹ 240000 /2400 Shares
*Min Investment
11 Sep, 2024
Open Date13 Sep, 2024
Close Date16 Sep, 2024
Allotment Date18 Sep, 2024
Listing DateInnomet Advanced Materials IPO Issue Details
- Issue Price ₹100 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 34,23,600 shares(aggregating up to ₹34.24 crore)
- Fresh Share 34,23,600 shares(aggregating up to ₹34.24 crore)
- Listing at NSE SME
- List Price 190.0
- Listing Date 2024-09-18
- Lead Manager Expert Global Consultants Private Limited
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,20,000 |
| Retail(max) | 1 | 1200 | ₹1,20,000 |
| NII (min) | 2 | 2,400 | ₹2,40,000 |
Innomet Advanced Materials IPO Reservation
Innomet Advanced Materials IPO offers total 34,23,600 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,16,26,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 1,71,600 (5.01%) | |
| Retail Shares Offered | 16,26,000 (47.49%) | |
| Total Shares Offered | 34,23,600 (100%) |
Innomet Advanced Materials IPO Details
Innomet Advanced Materials Limited IPO is an SME IPO, priced at ₹100 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 34,23,600 equity shares, aggregating up to ₹34.24 crores..
The IPO bidding window is open from Sep 11, 2024 to Sep 13, 2024. The allotment is expected to be finalized on Sep 16, 2024, and the tentative listing date is Sep 18, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.
Expert Global Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Prabhat Financial Services Ltd will act as the market maker for this issue.
Innomet Advanced Materials IPO Subscription Analysis And 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
Innomet Advanced Materials Company Financials
| 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 Innomet Advanced Materials 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)
Lakshmi Kanthamma Chilakapati
Saritha Devi Chilakapati
Vinay Choudhary Chilakapati
Pre Issue Share Holding : 74.52%
Post Issue Share Holding : 54.80%
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
Contact Details
Innomet Advanced Materials
B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram Medak, Hyderabad-502032
+91 04023021726
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Innomet Advanced Materials Limited IPO is 3,423,600 shares(aggregating up to ₹34.24 Cr).
Ans. The Innomet Advanced Materials Limited IPO price band is set between ₹100 per equity share.
Ans. To apply for Innomet Advanced Materials Limited 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 Innomet Advanced Materials Limited IPO allotment status online.
