Innomet Advanced Materials IPO Details
The Innomet Advanced Materials IPO is a fixed price issue with a total issue size of ₹34.24 cr, comprising of fresh issue of 3423600 equity shares. Innomet Advanced Materials IPO opened for subscription on Sep 11, 2024 and closed on Sep 13, 2024. Innomet Advanced Materials IPO has set the price at ₹100 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹240,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 16, 2024, and listed on the NSE on Sep 18, 2024.
Skyline Financial Services Private Ltd has been appointed as the registrar. Expert Global Consultants Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Innomet Advanced Materials IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 100 – 100
- Lot Size
- 1200
- Issue Size
- ₹34.24 Cr
- Minimum Investment
- ₹240000 (2400 Shares)
- Listing Date
- 18 September 2024
Current GMP
₹95 (+95.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Innomet Advanced Materials IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Expert Global Consultants Private Limited
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 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.
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 per share.
Innomet Advanced Materials IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
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.
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.
Innomet Advanced Materials IPO issue size is ₹34.24 crores.
Innomet Advanced Materials IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.