Innomet Advanced Materials Limited IPO is one of the upcoming IPOs to invest in, valued at ₹34.24 crores, with a fresh issue of 34.24 lakh shares. The subscription window opens on September 11, 2024, and closes on September 13, 2024. The allotment will be finalised by Monday, September 16, 2024, and the IPO is set to list on NSE SME on September 18, 2024.
Priced at ₹100 per share, the minimum application lot size is 1,200 shares, with a retail investment of ₹120,000. HNIs need to invest in two lots (2,400 shares) for ₹240,000. You can easily apply for IPO online through designated platforms.
Innomet Advanced Materials is launching an IPO, offering a fixed price issue. The IPO opens for subscription on September 11, 2024, and closes on September 13, 2024. It involves a fresh issue of shares, with the company listing on the NSE SME. Investors can apply with a minimum investment for a specified lot size.
| IPO date | September 11, 2024 to September 13, 2024 |
| Listing date | September 11, 2024 to September 13, 2024 |
| 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) |
| Face value | ₹10 per share |
| Lot size | 1200 Shares |
| Price | ₹100 per share |
| Listing at | NSE SME |
| Issue type | Fixed Price Issue IPO |
| Market maker portion | 171,600 sharesPrabhat Financial Services |
| Share holding pre issue | 9,516,538 |
| Share holding post issue | 12,940,138 |
The Innomet Advanced Materials IPO follows a tentative schedule, including key dates for the issue's opening and closing, allotment finalisation, and listing on the exchange. Investors can track these important milestones to ensure they are prepared for each step of the IPO process and related investment opportunities.
| IPO open date | September 11, 2024, Wednesday |
| IPO close date | September 13, 2024, Friday |
| Basis of allotment | September 16, 2024, Monday |
| Credit of shares to demat | September 17, 2024, Tuesday |
| Initiation of refunds | September 17, 2024, Tuesday |
| Listing date | September 18, 2024, Wednesday |
| Cut-off time for UPI mandate confirmation | September 13, 2024, by 5 PM |
Founded in 1984, Innomet Advanced Materials Limited is a manufacturer of metal powders and tungsten-heavy alloys. The company operates two divisions: Innomet Powders and Innotung. It is ISO 9001:2015 certified, ensuring quality in the production and supply of ferrous and non-ferrous metal/alloy powders and tungsten heavy alloy components.
Innomet offers over 20 products, including copper, bronze, brass, nickel, tin, and stainless steel powders for a variety of industries. They specialise in custom metal and alloy powders containing elements like iron, copper, nickel, tin, zinc, and cobalt.
The company supplies its products both within the country and abroad. Its markets include the US, UK, Germany, the Netherlands, Japan, Italy, New Zealand, Lebanon, and Brunei. As of March 31, 2024, it had a workforce of 56 employees across various departments.
Innomet Advanced Materials Limited IPO SME has shown a mixed financial performance. Revenue increased by 9% between the financial years ending 2023 and 2024, while profit after tax (PAT) saw a decline of 22%. The company's key performance indicators (KPIs) as of March 31, 2024, include:
The return on net worth stands at 17.11%. The pre-IPO earnings per share (EPS) are ₹2.65, while the post-IPO EPS is ₹1.95. Additionally, the IPO's market capitalisation is estimated at ₹129.4 crores. Check Innomet Advanced Materials IPO Peer Comparison for further insights.
| Period ended | March 31, 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 2,955.45 | 2,714.78 | 2,240.35 |
| Assets | 3,416.76 | 1,213.68 | 974.01 |
| Net worth | 1,472 | 705.94 | 379.78 |
| Profit after tax | 251.91 | 321.55 | 55.17 |
| Total borrowing | 1,331.29 | 1,209.50 | 981.51 |
| Reserves and surplus | 520.35 | 417.62 | 91.46 |
| Amount in ₹ Lakhs | |||
Innomet Advanced Materials Limited benefits from a highly skilled management team that drives the company's growth by expanding operations and exploring new business opportunities. The company is bolstered by specialised technical and functional teams that provide tailored solutions, enhancing customer satisfaction. Established long-term relationships with clients showcase trust and reliability, while continuous improvements in operational efficiency strengthen performance and market competitiveness.
However, the company faces risks, including its heavy reliance on the performance of industries using metal powders and tungsten-heavy alloys, which can impact financial results during sector downturns. Volatility in raw material prices may increase production costs and reduce profit margins. Additionally, dependence on a few major customers poses a risk, as losing key clients or experiencing reduced orders could significantly affect revenue and financial stability.
Innomet Advanced Materials Limited intends to use the proceeds from its IPO to address several strategic needs, including funding working capital, investing in new machinery, repaying or prepaying borrowings, covering general corporate expenses, and managing issue-related costs. As of September 10, 2024, the Grey Market Premium (GMP) for this IPO remains at ₹0, showing no significant price movement ahead of listing. With a listing price of ₹100 per share, the same as the IPO price, it's important for investors interested in upcoming IPOs to invest in to monitor the Innomet Advanced Materials Limited IPO GMP trend closely. You can apply for the IPO online and stay informed about potential market activity changes.
Innomet Advanced Materials IPO is an SME offering of 3,423,600 equity shares, each with a face value of ₹10, totalling up to ₹34.24 crores. The issue price is set at ₹100 per share, with a minimum order requirement of 1,200 shares.
The IPO will be open for subscription from September 11, 2024, to September 13, 2024.
Skyline Financial Services Private Ltd. serves as the IPO registrar and the shares will be listed on the NSE SME platform.
The Innomet Advanced Materials IPO will open for subscription on September 11, 2024, and close on September 13, 2024.
The listing date for the Innomet Advanced Materials IPO has yet to be officially announced. However, the tentative listing date is Wednesday, September 18, 2024.
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