Innomet Advanced Materials IPO vs SPP Polymer IPO

Comparision between Innomet Advanced Materials IPO and SPP Polymer IPO.

IPO Details

Innomet Advanced Materials IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while SPP Polymer IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Innomet Advanced Materials IPO	SPP Polymer IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Expert Global Consultants Private Limited	Interactive Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Prabhat Financial Services Ltd.	B.N. Rathi Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innomet Advanced Materials IPO is up to ₹34.24 Cr whereas the issue size of the SPP Polymer IPO is up to ₹24.49 Cr. The final issue price of Innomet Advanced Materials IPO is ₹100.00 per share and of SPP Polymer IPO is ₹59.00 per share.

	Innomet Advanced Materials IPO	SPP Polymer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹100.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	34,23,600 shares	41,50,000 shares
Fresh Issue Size (Amount)	up to ₹34.24 Cr	up to ₹24.49 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,23,600 shares	41,50,000 shares
Issue Size Total (Amount)	up to ₹34.24 Cr	up to ₹24.49 Cr

IPO Timetable

Innomet Advanced Materials IPO opens on Sep 11, 2024, while SPP Polymer IPO opens on Sep 10, 2024. The closing date of Innomet Advanced Materials IPO and SPP Polymer IPO is Sep 13, 2024, and Sep 12, 2024, respectively.

	Innomet Advanced Materials IPO	SPP Polymer IPO
Anchor Bid Date
Issue Open	Sep 11, 2024	Sep 10, 2024
Issue Close	Sep 13, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 16, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 17, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 17, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 18, 2024	Sep 17, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Innomet Advanced Materials IPO P/E ratio is 37.78, as compared to SPP Polymer IPO P/E ratio of 66.72.

Innomet Advanced Materials IPO

SPP Polymer IPO

Financial

Innomet Advanced Materials Limited Financial Information (Restated)

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

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Revenue	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

74.52%

94.99%

Promoter Shareholding (Post-Issue)

54.80%

69.37%

P/E Ratio

37.78

66.72

Market Cap

₹129.40 Cr.

₹90.81 Cr.

ROE

21.37%%

8.01%%

ROCE

16.27%%

4.27%%

Debt/Equity

1.27

0.71

EPS

₹2.65

₹0.88

RoNW

17.11%%

3.98%%

Shares Offered

In the Innomet Advanced Materials IPO retail investors (RII) are offered 16,26,000 shares while in SPP Polymer IPO retail investors are offered 16,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innomet Advanced Materials IPO and 0 shares in SPP Polymer IPO.

	Innomet Advanced Materials IPO	SPP Polymer IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,71,600 shares	2,10,000 shares
QIB	0 shares	0 shares
NII	16,26,000 shares	19,70,000 shares
RII	16,26,000 shares	19,70,000 shares
Employee	0 shares	0 shares
Others
Total	32,52,000 shares	39,40,000 shares

Bids Received (Subscription)

Innomet Advanced Materials IPO subscribed 323.92x in total, whereas SPP Polymer IPO subscribed 43.29x.

	Innomet Advanced Materials IPO	SPP Polymer IPO
QIB (times)
NII (times)	367.77x	22.35x
Big NII (times)
Small NII (times)
RII (times)	226.97x	59.87x
Employee (times)
Other (times)
Total (times)	323.92x	43.29x

Compare with others

Innomet Advanced Materials IPO	SPP Polymer IPO
Sodhani Academy of Fintech Enablers IPO	Deccan Transcon Leasing IPO
Deccan Transcon Leasing IPO	Envirotech Systems IPO
Envirotech Systems IPO	Trafiksol ITS Technologies IPO
Trafiksol ITS Technologies IPO	Gajanand International IPO
Gajanand International IPO	Innomet Advanced Materials IPO
SPP Polymer IPO	Share Samadhan IPO
Share Samadhan IPO	Shubhshree Biofuels Energy IPO
Shubhshree Biofuels Energy IPO	Aditya Ultra Steel IPO
Aditya Ultra Steel IPO	Vision Infra Equipment Solutions IPO
Vision Infra Equipment Solutions IPO	Naturewings Holidays IPO

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