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Innomet Advanced Materials IPO is a fixed price issue of Rs 34.24 crores. The issue is entirely a fresh issue of 34.24 lakh shares.
Innomet Advanced Materials IPO bidding started from September 11, 2024 and ended on September 13, 2024. The allotment for Innomet Advanced Materials IPO was finalized on Monday, September 16, 2024. The shares got listed on NSE SME on September 18, 2024.
Innomet Advanced Materials IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Expert Global Consultants Private Limited is the book running lead manager of the Innomet Advanced Materials IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Innomet Advanced Materials IPO is Prabhat Financial Services.
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 |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,423,600 shares (aggregating up to ₹34.24 Cr) |
| Fresh Issue | 3,423,600 shares (aggregating up to ₹34.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,516,538 |
| Share holding post issue | 12,940,138 |
| Market Maker portion | 171,600 shares Prabhat Financial Services |
Innomet Advanced Materials IPO offers 34,23,600 shares. 16,26,000 (47.49%) to NII, 16,26,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 1,71,600 (5.01%) |
| Other Shares Offered | 16,26,000 (47.49%) |
| Retail Shares Offered | 16,26,000 (47.49%) |
| Total Shares Offered | 34,23,600 (100%) |
Innomet Advanced Materials IPO opens on September 11, 2024, and closes on September 13, 2024.
| IPO Open Date | Wednesday, September 11, 2024 |
| IPO Close Date | Friday, September 13, 2024 |
| Basis of Allotment | Monday, September 16, 2024 |
| Initiation of Refunds | Tuesday, September 17, 2024 |
| Credit of Shares to Demat | Tuesday, September 17, 2024 |
| Listing Date | Wednesday, September 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
The promoters of the company are Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati and Vinay Choudhary Chilakapati.
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 | |||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||
The market capitalization of Innomet Advanced Materials IPO is Rs 129.4 Cr.
KPI as of March 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...
The Innomet Advanced Materials IPO is subscribed 323.92 times on September 13, 2024 6:19:59 PM. 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) |
|---|---|
| Other | 367.77 |
| Retail | 226.97 |
| Total | 323.92 |
Total Application : 307,543 (226.97 times)
| Listing Date | September 18, 2024 |
| BSE Script Code | |
| NSE Symbol | INNOMET |
| ISIN | INE0S1D01010 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹190.00 |
| ₹190.00 |
| ₹199.50 |
| ₹199.50 |
Innomet Advanced Materials Limited
B-31, BHEL Ancillary Industrial Estate,
Ramachandrapuram
Medak, Hyderabad-502032
Phone: +91 04023021726
Email: cs@innomet.net
Website: https://www.innomet.net/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Innomet Advanced Materials IPO is a SME IPO of 3,423,600 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 Shares.
The IPO opens on September 11, 2024, and closes on September 13, 2024.
Skyline Financial Services Private 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 Shares, and the minimum amount required is ₹120,000.
You can apply in Innomet Advanced Materials IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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