Innomet Advanced Materials IPO will open for subscription from 11 September 2024. The company aims for an issue size of ₹34.24 Cr through this IPO.
Company Overview
| Full name | Innomet Advanced Materials Limit |
| Sector | Iron & Steel |
| Industry | Metals – Ferrous |
| Company Website | https://www.innomet.net/ |
About Company
Innomet Advanced Materials 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. As of 31 March 2024, the company employed a total of 56 people, with 35 on payroll and 21 on a contract basis, across various departments.
The Objectives of the Issue
- 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; and
- Issue Expenses
Innomet Advanced Materials IPO Timetable
| IPO Opening date | 11 September 2024 |
| IPO Closing | 13 September 2024 |
| Basis of Allotment | 16 September 2024 |
| Initiation Refund | 17 September 2024 |
| Credit to Demat Account | 17 September 2024 |
| Listing Date | 18 September 2024 |
Innomet Advanced Materials IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹34.24 Cr – 3,423,600 shares |
| Fresh Issue | ₹34.24 Cr – 3,423,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 171,600 shares |
| Shareholding pre-issue | 9,516,538 |
| Shareholding post-issue | 12,940,138 |
| Listing Exchange | NSE SME |
Innomet Advanced Materials IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Innomet Advanced Materials Offer Documents
Innomet Advanced Materials Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 1,71,600 (5.01%) |
| Other Shares Offered | 16,26,000 (47.49%) |
| Retail Shares Offered | 16,26,000 (47.49%) |
| Total Shares Offered | 34,23,600 (100%) |
Innomet Advanced Materials Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 22.38 | 27.13 | 28.99 |
| Expenses | 21.85 | 22.79 | 26.29 |
| Net income | 0.55 | 3.22 | 2.52 |
Innomet Advanced Materials Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.91 | 11.15 | 2.65 |
| PE ratio | – | – | 37.74 |
| RONW (%) | 14.53 | 45.55 | 17.11 |
| NAV | 13.17 | 24.48 | 15.73 |
| ROCE (%) | 10.23 | 27.70 | 16.27 |
| EBITDA (%) | 7.66 | 21.16 | 16.74 |
| Debt/Equity | 3.40 | 4.20 | 1.27 |
Company Promoters
- Lakshmi Kanthamma Chilakapati
- Saritha Devi Chilakapati
- Vinay Choudhary Chilakapati
Promoter Holding
| Pre Issue Share Holding | 74.52% |
| Post Issue Share Holding | 54.80% |
Innomet Advanced Materials Offer GMP Update
Coming Soon
Innomet Advanced Materials IPO Subscription Update
Coming Soon
Innomet Advanced Materials IPO Allotment Status
Innomet Advanced Materials IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Innomet Advanced Materials IPO Listing Details
| Listing Date | 18 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Innomet Advanced Materials IPO Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Innomet Advanced Materials Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Innomet Advanced Materials Contact Details
INNOMET ADVANCED MATERIALS LIMITED
B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram,
Medak, Hyderabad-502032, Telangana
Phone:+91 04023021726
E-mail: CS@innomet.net
Website: www.innomet.net
Innomet Advanced Materials IPO FAQs
What is Innomet Advanced Materials offer size?
Innomet Advanced Materials offer size is ₹ 34.24 crores.
What is Innomet Advanced Materials offer price band?
Innomet Advanced Materials public offer price is ₹ 100 per share.
What is the lot size of Innomet Advanced Materials Offer?
Innomet Advanced Materials offer lot size is 1,200 shares.
What is Innomet Advanced Materials Offer GMP today?
Innomet Advanced Materials IPO GMP today is ₹ NA per share.
What is the Innomet Advanced Materials kostak rate today?
Innomet Advanced Materials kostak rate today is ₹ NA per application.
What is Innomet Advanced IPO Subject to Sauda rate today?
Innomet Advanced Materials Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Innomet Advanced Materials IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
