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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 ₹100.00 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). The minimum lot size investment for 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 Date | September 11, 2024 to September 13, 2024 |
| Listing Date | September 18, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,23,600 shares (aggregating up to ₹34.24 Cr) |
| Reserved for Market Maker | 1,71,600 shares Prabhat Financial Services Ltd. (aggregating up to ₹1.72 Cr) |
| Net Offered to Public | 32,52,000 shares (aggregating up to ₹32.52 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,16,538 shares |
| Share Holding Post Issue | 1,29,40,138 shares |
Innomet Advanced Materials IPO offers total 34,23,600 shares. Out of which 16,26,000 (47.49%) allocated to NII, 16,26,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,71,600 (5.01%) |
| NII (HNI) Shares Offered | 16,26,000 (47.49%) |
| Retail Shares Offered | 16,26,000 (47.49%) |
| Total Shares Offered | 34,23,600 (100.00%) |
Innomet Advanced Materials IPO opens on September 11, 2024, and closes on September 13, 2024.
| IPO Open Date | Wed, Sep 11, 2024 |
| IPO Close Date | Fri, Sep 13, 2024 |
| Tentative Allotment | Mon, Sep 16, 2024 |
| Initiation of Refunds | Tue, Sep 17, 2024 |
| Credit of Shares to Demat | Tue, Sep 17, 2024 |
| Tentative Listing Date | Wed, Sep 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 13, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| Total Income | 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 | |||
The market capitalization of Innomet Advanced Materials IPO is ₹129.40 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.37% |
| ROCE | 16.27% |
| Debt/Equity | 1.27 |
| RoNW | 17.11% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.65 | 1.95 |
| P/E (x) | 37.78 | 51.37 |
The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following object:
[Dilip Davda] The company that was in diamond tools business has diversified into Metal Powder and THA products. It posted inconsistency in bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears exorbitantly priced above 51 P/E. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | September 18, 2024 |
| BSE Script Code | |
| NSE Symbol | INNOMET |
| ISIN | INE0S1D01010 |
| Final Issue Price | ₹100 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Innomet Advanced Materials Ltd.
B-31, BHEL Ancillary Industrial Estate,
Ramachandrapuram
Medak, Hyderabad-502032
Medak, Telangana
Phone: +91 04023021726
Email: cs@innomet.net
Website: https://www.innomet.net/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Innomet Advanced Materials IPO is a SME IPO of 34,23,600 equity shares of the face value of ₹10 aggregating up to ₹34.24 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on September 11, 2024, and closes on September 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 September 11, 2024 and closes on September 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 Tuesday, September 17, 2024. Check the Innomet Advanced Materials IPO allotment status.
The Innomet Advanced Materials IPO listing date is on Wednesday, September 18, 2024.
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