Innomet Advanced Materials IPO Date, Review, Price, Allotment Details

Innomet Advanced Materials IPO is opening for subscription on September 11, 2024, and closing on September 13, 2024. This NSE SME IPO aims to raise ₹34.24 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Innomet Advanced Materials IPO is fixed at ₹100 Per Share, with a market lot of 1200 share.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Innomet Advanced Materials IPO Allotment will done on September 16, 2024, and Innomet Advanced Materials IPO listing date is September 18, 2024.

 

Innomet Advanced Materials Company Profile

Founded in March 1984, Innomet Advanced Materials Limited specializes in manufacturing diamond tools, metal powders (ferrous and non-ferrous), and tungsten heavy metal alloys (THA). Operating under the “Powder Metallurgy” division, the company invests in cutting-edge technology and collaborates with top scientists and research institutions.

Business Units

• Innomet Powder
• Innotung

IPO Strengths

• Experienced management with expertise in scaling and expansion.
• Skilled technical team providing tailored solutions.
• Proven ability to handle complex projects.
• Long-term customer relationships.
• Focus on enhancing operational efficiency.

 

Innomet Advanced Materials IPO GMP

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Innomet Advanced Materials IPO Objectives

The funds raised through the IPO will be utilized for:

1. Funding working capital requirements
2. Capital expenditure for purchasing machinery and equipment
3. Repayment of existing borrowings
4. General corporate purposes
5. Issue expenses

 

Innomet Advanced Materials IPO Key Details

• Innomet Advanced Materials IPO Open Date: September 11, 2024
• Innomet Advanced Materials IPO Close Date: September 13, 2024
• Innomet Advanced Materials IPO Size: Approximately ₹34.24 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Innomet Advanced Materials IPO Price Band: ₹100 Per Equity Share
• Innomet Advanced Materials IPO Listing on: NSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Innomet Advanced Materials IPO Timeline

• Innomet Advanced Materials IPO Open Date: September 11, 2024
• Innomet Advanced Materials IPO Close Date: September 13, 2024
• Basis of Allotment: September 16, 2024
• Refunds: September 17, 2024
• Credit to Demat Account: September 17, 2024
• Innomet Advanced Materials IPO Listing Date: September 18, 2024

 

How to Apply for Innomet Advanced Materials IPO

Investors can apply for the Innomet Advanced Materials IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Innomet Advanced Materials Financial Performance (in Crores)

• Year 2022: Revenue ₹22.38, Expense ₹21.85, Profit After Tax ₹0.55, Assets ₹9.74
• Year 2023: Revenue ₹27.13, Expense ₹22.79, Profit After Tax ₹3.22, Assets ₹12.14
• Year 2024: Revenue ₹28.99, Expense ₹26.29, Profit After Tax ₹2.52, Assets ₹34.17

 

Innomet Advanced Materials Valuation FY2024

• Return on Equity (ROE): 21.37%
• Return on Capital Employed (ROCE): 16.27%
• EBITDA Margin: 16.74%
• Profit After Tax (PAT) Margin: 13.28%
• Earnings Per Share (EPS): ₹2.65
• Net Asset Value (NAV): ₹15.73
• Price/Earnings (P/E) Ratio: 37.73

 

Innomet Advanced Materials Peer Group

• N/A

 

Innomet Advanced Materials Company Promoters

• Lakshmi Kanthamma Chilakapati
• Saritha Devi Chilakapati
• Vinay Choudhary Chilakapati.

 

Innomet Advanced Materials IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: compliances@skylinerta.com

Innomet Advanced Materials IPO Allotment Status Check

• Check the Innomet Advanced Materials IPO allotment status on the Skyline Financial Serviceswebsite.

 

Innomet Advanced Materials IPO Allotment Link

• Check the Innomet Advanced Materials IPO allotment on the Check Ipo Allotment website.

 

Innomet Advanced Materials IPO Lead Managers (Merchant Bankers)

• Expert Global Consultants Private Limited

Innomet Advanced Materials Company Address

Innomet Advanced Materials Limited
B-31, BHEL Ancillary Industrial Estate,
Ramachandrapuram, Medak,
Hyderabad ,Telangana -502 032 India
Website: https://www.innomet.net/
Phone: +91 04023021726
Email: cs@innomet.net

Innomet Advanced Materials IPO FAQs

What is Innomet Advanced Materials IPO?

Innomet Advanced Materials IPO is an NSE SME IPO. They are going to raise ₹34.24 Crores via IPO. The issue is priced at ₹100 Per equity share. The IPO is to be listed on NSE.

 

When will the Innomet Advanced Materials IPO open?

The IPO is to open on September 11, 2024, for NII, and Retail Investors.

 

What is Innomet Advanced Materials IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply for the Innomet Advanced Materials IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Innomet Advanced Materials IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Innomet Advanced Materials IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Innomet Advanced Materials IPO Size?

Innomet Advanced Materials IPO size is ₹34.24 Crores.

 

What is Innomet Advanced Materials IPO Price Band?

Innomet Advanced Materials IPO Price Band is ₹100 Per equity share.

 

What is Innomet Advanced Materials IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 share with ₹120,000.

 

What is Innomet Advanced Materials IPO Allotment Date?

Innomet Advanced Materials IPO allotment date is September 16, 2024.

 

What is Innomet Advanced Materials IPO Listing Date?

Innomet Advanced Materials IPO listing date is September 18, 2024. The IPO to list on NSE SME IPO.