The Innomet Advanced Materials IPO is scheduled to open on September 11, 2024, and close on September 13, 2024. This is a Fixed Price Issue, with a target to raise around ₹34.24 crores. The IPO consists of a fresh issue worth ₹34.24 crores and an offer for sale of equity shares, each with a face value of ₹10.
The issue price is fixed at ₹100 per share, with 50% allocated for retail investors and 50% for High Net-Worth Individuals (HNIs). Notably, Qualified Institutional Buyers (QIBs) will not have any allocation in this IPO. The shares are expected to list on the NSE on September 18, 2024, with allotments set to be finalized by September 16, 2024.
For the financial year 2024, Innomet Advanced Materials reported revenue of ₹29.55 crores, up from ₹27.15 crores in 2023. The company’s profit in 2024 stood at ₹2.52 crores, down from ₹3.22 crores in 2023. Despite the dip in profit, long-term investors might see potential value in this IPO based on its financial performance and future prospects.
Innomet Advanced Materials IPO Objectives:
The company plans to use the funds raised through this IPO (the “Net Proceeds”) for the following purposes:
Meeting the company’s working capital requirements.
Financing capital expenditures, including the purchase of machinery and equipment.
Repaying or prepaying, either fully or partially, certain outstanding loans from banks and financial institutions.
Covering general corporate expenses.
Paying for IPO-related costs.
Innomet Advanced Materials IPO Review (Apply or Not):
Review to be updated soon.
Innomet Advanced Materials IPO Date & Price Band Details:
| IPO Open Date: | September 11, 2024 |
| IPO Close Date: | September 13, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹100 Per Share |
| Issue Size: | Approx ₹34.24 Crores |
| Fresh Issue: | Approx ₹34.24 Crores |
| Offer for Sale: | NA |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
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Innomet Advanced Materials IPO Lot Size:
The minimum lot size for the Innomet Advanced Materials IPO is 1,200 shares, with a required application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹ 1,20,000 |
| Retail Maximum | 1 | 1200 | ₹ 1,20,000 |
| HNI Minimum | 2 | 2400 | ₹ 2,40,000 |
Innomet Advanced Materials IPO Timeline:
The Innomet Advanced Materials IPO will open on September 11, 2024, and close on September 13, 2024. The allotment of shares will be finalized on September 16, 2024, with the official listing scheduled for September 18, 2024.
| 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 |
Innomet Advanced Materials IPO GMP Today:
The Grey Market Premium (GMP) for the Innomet Advanced Materials SME IPO has not yet started. We will update the GMP information daily, so please check back for the latest updates.
Promoters of Innomet Advanced Materials IPO:
The promoters of Innomet Advanced Materials Limited are Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati, and Vinay Choudhary Chilakapati.
About Innomet Advanced Materials IPO:
Innomet Advanced Materials Limited is a global leader in the supply of a wide range of ferrous and non-ferrous metal and alloy powders, including Copper, Nickel, Bronze, Stainless Steel, Brass, Tin, Diamond Tool Matrix Powders, and various customized powders. The company is highly regarded for its production of Tungsten Heavy Alloy Components. It serves a diverse range of industries such as water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, and coatings. With strong infrastructure and collaborations with leading scientists and research organizations, the company focuses on continuous innovation and development.
Innomet Advanced Materials IPO Company Financial Report:
In the financial year 2024, the company reported revenue of ₹29.55 crores, compared to ₹27.15 crores in 2023. The profit for 2024 stood at ₹2.52 crores, down from ₹3.22 crores in 2023.
| Amount in crores | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 22.38 | ₹ 21.85 | ₹ 0.55 | ₹ 9.74 |
| 2023 | ₹ 27.13 | ₹ 22.79 | ₹ 3.22 | ₹ 12.14 |
| 2024 | ₹ 28.99 | ₹ 26.29 | ₹ 2.52 | ₹ 34.17 |
Innomet Advanced Materials IPO Valuation – FY2024:
Review the valuation details for the Innomet Advanced Materials IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 21.37% |
| ROCE: | 16.27% |
| EBITDA Margin: | 16.74% |
| PAT Margin: | 13.28% |
| Debt to equity ratio: | 1.28 |
| Earning Per Share (EPS): | ₹2.65 (Basic) |
| Price/Earning P/E Ratio: | 37.73 |
| Return on Net Worth (RoNW): | 17.11% |
| Net Asset Value (NAV): | ₹ 15.73 |
Innomet Advanced Materials IPO Registrar
- Skyline Financial Services Private Ltd
- Phone: 02228511022
- Email: compliances@skylinerta.com
- Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
Expert Global Consultants Private Limited
Company Address
- Innomet Advanced Materials IPO Limited
- B-31, BHEL Ancillary Industrial Estate,
- Ramachandrapuram
- Medak, Hyderabad-502032
- Phone: +91 04023021726
- Email: cs@innomet.net
- Website: https://www.innomet.net/
Innomet Advanced Materials IPO FAQs
What is Innomet Advanced Materials IPO?
Innomet Advanced Materials IPO is an SME IPO aiming to raise ₹34.24 crores. The issue price is set at ₹100 per equity share, and the IPO will be listed on the NSE.
When will Innomet Advanced Materials IPO open for subscription?
The IPO opens on September 11, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. It will close on September 13, 2024.
What is the allocation for investors in Innomet Advanced Materials IPO?
The allocation is divided as follows: 0% for QIBs, 50% for NIIs, and 50% for retail investors.
How can I apply for the Innomet Advanced Materials IPO?
You can apply for the IPO online through ASBA via your bank account or UPI through your stockbroker. Offline applications can also be submitted through stockbrokers.
What is the issue size of the Innomet Advanced Materials IPO?
The total issue size is ₹34.24 crores.
What is the price band for the Innomet Advanced Materials IPO?
The price band for the IPO is fixed at ₹100 per share.
What is the lot size for Innomet Advanced Materials IPO?
The minimum lot size is 1,200 shares, requiring an investment of ₹120,000.