Innomet Advanced Materials IPO
Open SmeCurrent GMP
₹95 (+95.00%)
Price Band
₹ 100 – 100
Lot Size
1200
Issue Size
₹34.24 Cr
Minimum Investment
₹240000 (2400 Shares)
Listing Date
18 September 2024
Subscription
-
About the Company
Innomet Advanced Materials Limited specializes in the specialty powder metallurgy industry, focusing on two main divisions: metal powder manufacturing and tungsten heavy alloy component manufacturing. Its operations are crucial for various applications, including powder metallurgy, diamond tools, welding, brazing, and radiation shielding, catering to sectors such as aerospace, defense, and general engineering.
Innomet is a global manufacturer of metal and alloy powders, specializing in creating customized grades that include Iron, Copper, Nickel, Tin, Zinc, and Cobalt. The company has supplied its products in India as well as in the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon, and Brunei.
Promoters
Promoters of the company.
- Lakshmi Kanthamma Chilakapati
- Saritha Devi Chilakapati
- Vinay Choudhary Chilakapati
Promoters Holding
Holding Pre Issue
74.52%
Holding Post Issue
54.80%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- 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.
Address / Contact Info
Innomet Advanced Materials Limited
B-31, BHEL Ancillary Industrial Estate,
Ramachandrapuram
Medak, Hyderabad-502032
Phone: +91 04023021726
Email: cs@innomet.net
Website: https://www.innomet.net/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 11 September 2024
IPO Close Date
Friday, 13 September 2024
Basis of Allotment
Monday, 16 September 2024
Initiation of Refunds
Tuesday, 17 September 2024
Credit of Shares to Demat
Tuesday, 17 September 2024
Listing Date
Wednesday, 18 September 2024 — NSE & BSE
Important Dates
Open Date
11 September 2024
Close Date
13 September 2024
Basis Of Allotment
16 September 2024
Listing Date
18 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3416.76 | 1213.68 | 974.01 |
| Revenue | 2955.45 | 2714.78 | 2240.35 |
| Profit After Tax | 251.91 | 321.55 | 55.17 |
| Net Worth | 1472 | 705.94 | 379.78 |
| Reserve & Surplus | 520.35 | 417.62 | 91.46 |
| Total Borrowings | 1331.29 | 1209.5 | 981.51 |
EPS Pre
2.65%
EPS Post
1.95%
P/E Pre
37.73
P/E (Post Issue)
51.37x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 21.37 |
| ROCE % | 16.27 |
| Debt / Equity | 1.27 |
| RoNW % | 17.11 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 171600 | 5.01 | 0 |
| Others | 1626000 | 47.49 | 0 |
| Retail Investors | 1626000 | 47.49 | 0 |
| Total | 3423600 | 100 | 0 |
Subscription Status ( Fri, 06 Sep 24 09:04 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Others | 1626000 | 597990000 | 367.77x |
| Retail Investors | 1626000 | 369051600 | 226.97x |
| 3252000 | 1053403200 | 323.92x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 120,000.00 |
| Retail (Max) | 1 | 1,200 | 120,000.00 |
| S-HNI (Min) | 2 | 2,400 | 240,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Expert Global Consultants Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Innomet Advanced Materials IPO is a Fixed price IPO worth ₹34.24 crores. The price band is ₹100 to 100 per share. The IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Innomet Advanced Materials IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024
Innomet Advanced Materials IPO Price Band is ₹100 to 100.
Innomet Advanced Materials IPO lot size is 1200, and the minimum amount required for application is ₹240000.
The minimum investment for Innomet Advanced Materials IPO is approximately ₹240000 based on the upper price band.
To apply for the Innomet Advanced Materials IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 13, 2024. After submission, funds are blocked until the basis of allotment of Innomet Advanced Materials IPO is finalised.
Innomet Advanced Materials IPO issue size is ₹34.24 crores.
Innomet Advanced Materials IPO allotment date is Sat, Jun 27, 2026.
The registrar for Innomet Advanced Materials IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Innomet Advanced Materials IPO through their official website or helpline.
The Innomet Advanced Materials IPO GMP (Grey Market Premium) is ₹95 as of Fri, Sep 13, 2024. Based on the upper price band of ₹100 per share, the estimated Innomet Advanced Materials IPO listing price is ₹195, indicating a potential listing gain of approximately 31% over the issue price.