Fixed Price IPO | ₹34 Cr | Listed at NSE SME | Wed, Sep 11, 2024 - Fri, Sep 13, 2024
Innomet Advanced Materials IPO is a fixed price issue of ₹34.24 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹34.24 crore.
Innomet Advanced Materials IPO bidding started from Sep 11, 2024 and ended on Sep 13, 2024. The allotment for Innomet Advanced Materials IPO was finalized on Sep 16, 2024. The shares got listed on NSE SME on Sep 18, 2024.
Innomet Advanced Materials IPO price is ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Innomet Advanced Materials IPO RHP for detailed Information.
IPO Open
Wed, Sep 11, 2024
IPO Close
Fri, Sep 13, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹129.40 Cr
| IPO Date | 11 to 13 Sep, 2024 |
| Listed on | Wed, Sep 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,23,600 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,71,600 shares Prabhat Financial Services Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 32,52,000 shares (agg. up to ₹33 Cr) |
| Net Offered to Public | 32,52,000 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 95,16,538 shares |
| Share Holding Post Issue | 1,29,40,138 shares |
| NSE Symbol | INNOMET |
| ISIN | INE0S1D01010 |
Innomet Advanced Materials IPO comprises a total issue size of 34,23,600 shares. The net offer to the public is 32,52,000 shares, after excluding 1,71,600 shares allotted on a firm basis. Of the Net offer 16,26,000 (50.00%) allocated to NII 16,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,26,000 | 50.00% | 47.49% |
| Retail Shares Offered | 16,26,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,71,600 | 5.01% | |
| Total Shares Offered | 34,23,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions.
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 34.17 | 12.14 | 9.74 |
| Total Income | 29.55 | 27.15 | 22.40 |
| Profit After Tax | 2.52 | 3.22 | 0.55 |
| NET Worth | 14.72 | 7.06 | 3.80 |
| Reserves and Surplus | 5.20 | 4.18 | 0.91 |
| Total Borrowing | 13.31 | 12.10 | 9.82 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company; | 11.60 |
| 2 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 7.88 |
| 3 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions; | 2.09 |
| 4 | General corporate purposes; and | 8.50 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 21.37% |
| ROCE | 16.27% |
| Debt/Equity | 1.27 |
| RoNW | 17.11% |
| PAT Margin | 8.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.65 | 1.95 |
| P/E (x) | 37.78 | 51.37 |
| Promoter Holding | 74.52% | 54.8% |
| Market Cap | ₹129.40 Cr. |
The Innomet Advanced Materials IPO is subscribed 323.92 times on September 13, 2024 6:19:59 PM (Day 3). The public issue subscribed 226.97 times in the retail category, [.] times in the QIB category, and 367.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 367.77 | 16,26,000 | 59,79,90,000 |
| Retail | 226.97 | 16,26,000 | 36,90,51,600 |
| Total | 323.92 | 32,52,000 | 1,05,34,03,200 |
Total Application : 3,07,543
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to LM including fees and payment to other intermediaries such as Legal Advisors, Registrars, Underwriting Fees and other out of pocket expenses | 0.45 |
| 2 | Brokerage and selling commission | 0.21 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| 6 | Others (Fees payable for Underwriting fees and Miscellaneous Expenses) | 3.42 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Lead Manager Reports
Innomet Advanced Materials IPO is a SME IPO of 34,23,600 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Sep 11, 2024, and closes on Fri, Sep 13, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Innomet Advanced Materials IPO using UPI as a payment gateway. Zerodha customers can apply in Innomet Advanced Materials IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innomet Advanced Materials IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innomet Advanced Materials IPO opens on Wed, Sep 11, 2024 and closes on Fri, Sep 13, 2024.
Innomet Advanced Materials IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Innomet Advanced Materials IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Innomet Advanced Materials IPO will be done on Monday, September 16, 2024, and the allotted shares will be credited to your demat account by Tue, Sep 17, 2024. Check the Innomet Advanced Materials IPO allotment status.
The Innomet Advanced Materials IPO listing date is on Wed, Sep 18, 2024.
