Innomet Advanced Materials IPO Details
Innomet Advanced Materials IPO Summary
Innomet Advanced Materials IPO opens for subscription on 11 Sep 2024 and closes on 13 Sep 2024.The IPO will be listed on NSE with the tentative listing date set for 18 Sep 2024.
Innomet Advanced Materials IPO price band has been fixed at ₹100 – ₹100 per share. The face value is ₹10 per share with a lot size of 1200.
Innomet Advanced Materials IPO total issue size comprises 34,23,600 shares (aggregating up to ₹34.24 Cr). This includes a fresh issue of 34,23,600 shares (aggregating up to ₹34.24 Cr). Pre-issue shareholding stands at 95,16,538, which will increase to 1,29,40,138 post-issue.
Innomet Advanced Materials IPO carries a ₹95 (95%) GMP, reflecting investor sentiment.
Innomet Advanced Materials IPO Lot Size :Retail Minimum is 1 lot (1,200 shares) amounting to ₹120,000. Retail Maximum is 1 lot (1,200 shares) amounting to ₹120,000. HNI Minimum is 2 lots (2,400 shares) amounting to ₹240,000.
The Lead Managers for Innomet Advanced Materials IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Expert Global Consultants Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Prabhat Financial Services. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Innomet Advanced Materials Limited RHP.
Innomet Advanced Materials IPO Details
Innomet Advanced Materials IPO Subscription
Innomet Advanced Materials IPO Application Wise Breakup
Innomet Advanced Materials IPO Dates
- 11 Sep 2024Opening dateOpen
- 13 Sep 2024Closing dateClose
- 16 Sep 2024Allotment Date Allotment
- 17 Sep 2024Initiation of RefundsRefund
- 17 Sep 2024Credit of SharesCredit
- 18 Sep 2024Listing dateListing
Innomet Advanced Materials IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹120,000 |
| Retail Maximum | 1 | 1200 | ₹120,000 |
| HNI Minimum | 2 | 2400 | ₹240,000 |
Innomet Advanced Materials IPO Reservation
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Innomet Advanced Materials IPO Valuations
Innomet Advanced Materials Financial Information
Innomet Advanced Materials Limited's revenue increased by 9% and profit after tax (PAT) dropped by -22% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 | 705.94 | 379.78 | |||||||||||||||||||||||||||
| Reserves and Surplus | 520.35 | 417.62 | 91.46 | |||||||||||||||||||||||||||
| Total Borrowing | 1,331.29 | 1,209.5 | 981.51 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Innomet Advanced Materials IPO
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions.
- Innomet Powders.
- Innotung.
Innomet complies with 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 offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing 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 has 56 employees in various departments.
Strength Of Innomet Advanced Materials IPO
1. Experienced Management team having knowledge to scale up and expand into new opportunities.
2. Dedicated technical & functional team to provide solutions to our customers.
3. Experience of handling large & complex projects.
4. Multi-year relationships with most customers.
5. Improving operational efficiency.
Risk Of Innomet Advanced Materials IPO
1. The company has experienced negative cash flows in relation to its operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect its results of operations and financial condition.
2. Its Directors & Promoters, Senior Management and Key Managerial Personnel have no interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
3. Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect business prospects, results of operations and financial condition.
4. There are outstanding litigations involving the Company, Promoters and Directors which, if determined adversely, may affect its business and financial condition.
5. The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by it and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.
6. The average cost of acquisition of Equity Shares by its Promoters may be lower than the Issue Price.
7. The company has significant power requirements for continuous running of its factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
8. The company does not have long-term agreements with its suppliers or customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for the company products or manage its inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
9. The compzany has issued Equity Shares at prices that may be lower than the Issue Price in the last 12 months.
10. Its operations depends on the availability of timely and cost-efficient transportation and other logistic facilities and any prolonged disruption may adversely affect its business, results of operations, cash flows and financial conditions.
Objectives Innomet Advanced Materials IPO
- 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
Company 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/
Registrar Contact Details
Innomet Advanced Materials FAQs
The Innomet Advanced Materials IPO is a SME public issue comprising 3423600 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹34.24 Cr. The issue price has been fixed at ₹100 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 11 Sep 2024, and closes on 13 Sep 2024.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹95 (95%).
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