Innomet Advanced Materials Limited IPO Message Board (Page 2)

Any listing strategy

Members,
I am sharing my problem faced in this SME. I had made 3 retail applications in this SME. I had received Message from NSE that application for Rs.120,000 received for all three. While going through the RTA website for allotment, in one PAN I found the status as canceled. Surprised. Amount was blocked. I always apply through ASBA.
While checking through the mail I found that my one application no.(last 5 digit) 28075 same PAN had two order nos.20154 and 69103 (last 5 digits) at same time.
One PAN, one application and two orders. Surprising. When 2 orders with same nos. application seems to be canceled by RTA.
I have no regret as I have never received any SME allotment. But without my mistake, my application was canceled. Amount is unblocked.
Have anyone faced such problem ?

Money still not unblocked but i have received msgs from broker yesterday only as below

We have issued instructions to your bank for unblocking the ASBA application amount of Rs 120000.00 towards INNOMET IPO for Application Number GROWW62796009 due to non-allotment. Please reach out to your bank for confirmation on unblocking. Kindly ignore this SMS if your application amount is already unblocked - SKYLINE RTA

Usef phonepay upi
Bank - Axis

Yes still amount not released..???

Waiting

​@Rafik U M aapka ho geya unblock kya?

Experts, does anyone anticipate any issue with the listing of this IPO and whether it will sustain the current GMP given what happened with Trafiksol ITS Technologies today although it seems like an issue with the specific company and also a different exchange (BSE) than this one...

0/5 Retail, Not Allotment in Innomet advanced Material SME IPO.

0/8 Retail

Off topic. Check Aesthetik Engineers Ltd NSE announcement. Entered into solar. Very good opportunity to buy. Price at the time of posting this message 73.45. Expect minimum 50% upside.

3 applications with HDFC Sec. got cancelled automatically. Did any one else face same issue.

In retail i got 1 lot . 1/1.

​@MuStrFc If a SME IPO does not have anchor & QIB, is it correct to assume that they did not have confidence that Anchor & QIB portion would get subscribed so they just went ahead with retail ?

Which then could be interpreted as a very weak company on fundamentals or ehorbitantly priced on valuation front ?

I mean, can a general investor derive any logic out of this ? If you are aware, pls let me know.

Anchors & QIB in SME depends on how good the expertise of the LM is, for large parts. Expertise can specifically include "resources" to be used in the IPO. Since everything comes at a cost, be it the allocation and specific inclusion of QIB and Anchors.

Anchors and QIBs in SME are good to move the eyeballs but may not necessarily justify the company, its current state and future potential. If the LM is able enough to ensure the IPO floats without them, be it at a price not easily justifiable, frankly no one cares in the end if the IPO had any QIB and Anchors.

There are certain phrases in the prospectus that align with current market environment, so the thought is this would not require much a push to get sold, in relative terms. Company on its own may not have tie ups to get Anchors and QIBs on board and Anchors and QIBs may have other short term opportunities.

A general investor if is only short term oriented, focuses solely on GMP regardless of all above and if the focus is not short term, can take a reasoned bet taking into consideration all the associated factors, because even presence of QIBs and Anchors do not guarantee it all

Awaiting further insights.

@Esparando

​@MuStrFc Thanks for taking out some time and explaining me, that defenitely was helpful.

But I still feel, psychologically having an Anchor especially in SME IPOs (as these are kind of black boxes when it comes to the management) and with decent names can create that extra comfort while applying.

Like in case of Vision Infra, I did not get allotment so bought in pre-open, and the main reason was the validation the big names provided (HDFC, Madhu Kela, Sunil Singhania and to some extent Meru Investment fund).

Anyways, that was defenitely good info!

Does ICICI /HDFC/ any other major bank allowing to apply from fixed deposit funds ??

​@PLAZA  congratulations !!! Hope for gr8 listing
Can you please let know how many lots you had applied on which you got allotment ? i had applied 5/6/2 but didnt get any from them :)

1/7 application
Hold kare ki listing gain book kare
Plz suggest

Got 1 lots in HNI segment after a long time. Infact I stopped applying in SME IPO due to non allotment for last few months and had been applying in MB IPOs only. Applied here as there was no MB IPO and some idle cash... luck favoured 😊

In how lot hni did u get allotment sirji ??

2 alloted🙏

Got 1 lot in a 8-lot application. Will this sustain the current GMP? Looks like a highly priced issue but a niche business.. any thoughts from experts please?

We have issued instructions to your bank for debiting the ASBA application amount of Rs 120000.00 towards partial allotment and unblocking the remaining application amount of Rs 240000.00 towards INNOMET IPO for Application Number GROWW. Please reach out to your bank for confirmation on unblocking. Kindly ignore this SMS if your application amount is already unblocked - SKYLINE

​@🙏 Verma Ji 🙏  howmany lots you'd applied for ?

​@Mr. SAVANI I applied for 3 lots

Nothing in 2 retail and 3 HNI applications.

Myself received message from sky rta. Didnot check status

Congratulations 🎉 🎉

0/5 hni , 0/1 retail .

0/6 retail. Just applied for gmp. No longterm idea

What I had told earlier now became true. All refund.

Good at least you could see the status. For me, site is not working since 15 mins