The Innomet Advanced Materials IPO is set to open on September 11, 2024, and will close on September 13, 2024. This Fixed Price Issue aims to raise approximately ₹34.24 crores, consisting entirely of a fresh issue of ₹34.24 crores. Additionally, the IPO will include an offer for sale of equity shares with a face value of ₹10 each.
Table of contents
- Innomet Advanced Materials IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Innomet Advanced Materials IPO GMP (Grey Market Premium)
- Innomet Advanced Materials IPO Application Form PDF
- Innomet Advanced Materials IPO Subscription Status
- Innomet Advanced Materials IPO Allotment Status
- IPO Review
- Innomet Advanced Materials IPO Registrar
- Innomet Advanced Materials IPO Lead Manager
- Innomet Advanced Materials Limited Contact
- FAQs
Innomet Advanced Materials IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Innomet Advanced Materials Limited |
| Industry | Metal Powder Metallurgy |
| IPO Issue Type | Book Built Issue |
| Open Date | September 11, 2024 |
| Close Date | September 13, 2024 |
| Total Issue Size | ₹34.24 Crores(3,423,600 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹34.24 Crores(3,423,600 Equity Shares) |
| Price Band | ₹100 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
Innomet Advanced Materials Limited, established in 1984, is a global supplier specializing in a broad range of ferrous and non-ferrous metal and alloy powders. This includes Copper, Nickel, Bronze, Stainless Steel, Brass, Tin, Diamond Tool Matrix Powders, and many other customized powders. Notably, the company is renowned for producing Tungsten Heavy Alloy Components.
Furthermore, Innomet serves a diverse array of industries, such as water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, and coatings. The company benefits from robust infrastructure and collaborates with leading scientists and research organizations to drive continuous development.
The company operates through two main divisions:
- Innomet Powders
- Innotung
Moreover, Innomet adheres to the Quality Management System Standard ISO 9001:2015 for the manufacture and supply of Ferrous and Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. The company offers over 20 products, including copper, bronze, brass, nickel, tin, and stainless steel powders. Additionally, they specialize in producing custom grades of metal and alloy powders, which include iron, copper, nickel, tin, zinc, and cobalt.
Key Dates
| IPO Open Date | September 11, 2024 |
|---|---|
| IPO Close Date | September 13, 2024 |
| Basis of Allotment | September 16, 2024 |
| Refunds | September 17, 2024 |
| Credit to Demat Account | September 17, 2024 |
| IPO Listing Date | September 18, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹34.16 | ₹12.13 | ₹9.74 |
| Revenue | ₹29.55 | ₹27.14 | ₹22.40 |
| Profit After Tax | ₹2.51 | ₹3.21 | ₹0.55 |
| Net Worth | ₹14.72 | ₹7.05 | ₹3.79 |
| Reserves and Surplus | ₹5.20 | ₹4.17 | ₹0.91 |
| Total Borrowing | ₹13.31 | ₹12.09 | ₹9.81 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2400 | ₹240,000 |
The objective of the Issue
- Firstly, supporting the company’s working capital requirements.
- Additionally, financing capital expenditures for purchasing machinery and equipment.
- Furthermore, repaying or prepaying, either fully or partially, certain outstanding borrowings from banks and financial institutions.
- Moreover, covering general corporate purposes.
- Lastly, addressing issue-related expenses.
Company Promoters
- Mrs. Lakshmi Kanthamma Chilakapati
- Mrs. Saritha Devi Chilakapati
- Mr. Vinay Choudhary Chilakapati
Innomet Advanced Materials IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Innomet Advanced Materials IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Innomet Advanced Materials Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Innomet Advanced Materials IPO Application Form PDF
To download the Innomet Advanced Materials IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Innomet Advanced Materials IPO Subscription Status
This IPO subscription kicks off on September 11, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Innomet Advanced Materials IPO Allotment Status
To check the Innomet Advanced Materials IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, an experienced management team brings the expertise needed to scale and seize new opportunities.
- Additionally, a dedicated technical and functional team is committed to delivering effective solutions to customers.
- Moreover, the company has proven experience in managing large and complex projects.
- Furthermore, it maintains long-standing relationships with most customers.
- Finally, there is a continuous focus on improving operational efficiency.
Risks:
- Firstly, we have experienced negative cash flows from our operating, investing, and financing activities over the past three financial years. Consequently, any future negative cash flows could adversely impact our operational results and financial condition.
- Additionally, our Directors, Promoters, Senior Management, and Key Managerial Personnel have no interests beyond the reimbursement of incurred expenses and normal remuneration or benefits from our Company.
- Moreover, employee misconduct, errors, or fraud could expose us to significant business risks or losses. As a result, this could adversely affect our business prospects, operational results, and financial condition.
- Furthermore, there are ongoing litigations involving our Company, Promoters, and Directors. If these are determined adversely, they may impact our business and financial condition.
- Finally, we require various approvals, NOCs, licenses, registrations, and permits for our business operations. Therefore, any failure or delay in obtaining these approvals in a timely manner may adversely affect our operations.
Innomet Advanced Materials IPO 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 IPO Lead Manager
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 Limited Contact
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
FAQs
The Innomet Advanced Materials’s IPO will open on September 11, 2024, and will close on September 13, 2024.
The lot size for Innomet Advanced Materials Ltd is 1,200 shares. Consequently, the minimum investment required is ₹1,20,000.
The finalization of the Basis of Allotment for Innomet Advanced Materials’s IPO will occur on September 16, 2024. Subsequently, the allotted shares will be credited to your demat account by September 17, 2024.
The price band for Innomet Advanced Materials’s IPO is ₹100 per share.
The minimum bid size is 1,200 shares, which requires an amount of ₹1,20,000.
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