Innomet Advanced Materials IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Wed, 11 Sep 2024
Close Date
Fri, 13 Sep 2024
Issue Price
₹ 100
Lot Size
1200
Issue Size
₹ 34.24 Cr
Minimum Investment
₹ 240,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Innomet Advanced Materials IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹34.24 Crore, comprising a fresh issue of 34.24 Lakh equity shares aggregating to ₹34.24 Crore.
The Innomet Advanced Materials IPO remained open for subscription from September 11, 2024, to September 13, 2024. The basis of allotment was finalized on September 16, 2024, and the company's shares were listed on NSE SME Platform on September 18, 2024.
The company had fixed the price at ₹100 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Expert Global Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Innomet Advanced Materials Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Innomet Advanced Materials IPO Timeline (Tentative)
- IPO Open Date
- Wed, 11 Sep 24
- IPO Close Date
- Fri, 13 Sep 24
- Basis of Allotment
- Mon, 16 Sep 24
- Initiation of Refunds
- Tue, 17 Sep 24
- Credit of Shares to Demat
- Tue, 17 Sep 24
- Listing Date
- Wed, 18 Sep 24 — NSE & BSE
Open Date
11 September 2024
Close Date
13 September 2024
Basis Of Allotment
16 September 2024
Listing Date
18 September 2024
IPO Subscription
Check Live Subscription →The Innomet Advanced Materials IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. Retail Investors 226.97x, and Others 367.77x.
Others
367.77x
RII
226.97x
323.92x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,26,000 shares, representing 47.49% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 0 shares (%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 171,600 | 5.01% |
| Others | 1,626,000 | 47.49% |
| Retail Investors | 1,626,000 | 47.49% |
| Total | 3,423,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Innomet Advanced Materials Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 21.37 |
| ROCE % | 16.27 |
| Debt / Equity | 1.27 |
| RoNW % | 17.11 |
Peers Comparison
No Peer Comparision Available
About Innomet Advanced Materials Limited
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.
Innomet Advanced Materials IPO 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%
Innomet Advanced Materials IPO Objective
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.
Innomet Advanced Materials Limited Address / Contact Details
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
Innomet Advanced Materials IPO Lot Size
The Innomet Advanced Materials IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,20,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,20,000.
| 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 |
Issue Reservation
- Market Maker — 5.01%
- Others — 47.49%
- RII — 47.49%
Innomet Advanced Materials IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Expert Global Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Innomet Advanced Materials IPO?
Innomet Advanced Materials IPO is a Fixed price IPO with a total issue size of ₹34.24 crore. The Innomet Advanced Materials IPO price band is ₹100 to 100 per share. The Innomet Advanced Materials IPO subscription opens on Wed, Sep 11, 2024, and closes on Fri, Sep 13, 2024. The Innomet Advanced Materials IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Innomet Advanced Materials IPO.
When will the Innomet Advanced Materials IPO open for subscription?
The Innomet Advanced Materials IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024
What is Innomet Advanced Materials IPO Price Band?
Innomet Advanced Materials IPO Price Band is ₹100 to 100 per share.
What is Innomet Advanced Materials IPO Lot Size?
Innomet Advanced Materials IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Innomet Advanced Materials IPO?
The minimum investment for Innomet Advanced Materials IPO is ₹240000, based on one lot of 1200 shares at the upper price band of ₹100 per share.
How to apply for Innomet Advanced Materials IPO?
Investors can apply for the Innomet Advanced Materials IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 13, 2024. The application amount remains blocked until the Innomet Advanced Materials IPO allotment is finalized.
What is Innomet Advanced Materials IPO Issue Size?
Innomet Advanced Materials IPO issue size is ₹34.24 crores.
What is the Innomet Advanced Materials IPO Allotment Date?
Innomet Advanced Materials IPO allotment date is Mon, Sep 16, 2024.
Who is the Innomet Advanced Materials IPO Registrar?
The registrar for Innomet Advanced Materials IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Innomet Advanced Materials IPO allotment status, refund processing, and other IPO-related information.
What is the Innomet Advanced Materials IPO GMP?
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 95.00% over the issue price.
Who is the Innomet Advanced Materials IPO Lead Manager?
The book-running lead managers (BRLMs) for the Innomet Advanced Materials IPO are Expert Global Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Innomet Advanced Materials IPO Red Herring Prospectus (RHP).