Innomet Advanced Materials Limited IPO

NiftyTrader • September 11, 2024

Post Views: 295

Innomet Advanced Materials Limited IPO

Innomet Advanced Materials Limited IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment for the Innomet Advanced Materials Limited IPO is anticipated to be completed on Monday, September 16, 2024. The IPO will be tentatively listed on the NSE and SME on Wednesday, September 18, 2024.

Innomet Advanced Materials Limited IPO’s price band is Rs 100 per share. The IPO is a book-built issue of Rs Rs 34.24 crores. The issue is entirely a fresh issue of 34.24 lakh shares.

Innomet Advanced Materials IPO Details

IPO Date	September 11, 2024 to September 13, 2024
Listing Date	[.]
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
Shareholding pre-issue	9,516,538
Shareholding post-issue	12,940,138
Market Maker portion	171,600 shares

Innomet Advanced Materials IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹120,000
Retail (Max)	1	1200	₹120,000
S-HNI (Min)	2	2400	₹240,000

Innomet Advanced Materials IPO Objectives

The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following object:

Funding working capital requirements of the Company;
Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment;
Repayment or prepayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions;
General corporate purposes; and
Issue Expenses

About Innomet Advanced Materials Limited

Incorporated in 1984, Innomet Advanced Materials Limited, with its divisions Innomet Powders and Innotung, specializes in manufacturing various metal powders and tungsten heavy alloys. Complying with ISO 9001:2015 standards, the company offers over 20 products, including custom grades of ferrous and non-ferrous powders such as copper, bronze, brass, nickel, tin, and stainless steel. Serving clients globally—including in the US, UK, Germany, Japan, and more—Innomet caters to diverse industries with its advanced materials. As of March 31, 2024, the company employs 56 professionals across various departments.

Innomet Advanced Materials Limited Financial Information

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

Innomet Advanced Materials IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Innomet Advanced Materials IPO Timeline

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
A 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