Innomet Advanced Materials IPO Details: The Innomet Advanced Materials IPO is set to open on September 11, 2024, and will close on September 13, 2024. This IPO will be a Fixed Price Issue, aiming to raise approximately ₹34.24 crores. It includes a fresh issue of ₹34.24 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Innomet Advanced Materials IPO is fixed at ₹100 per share. The allocation will be divided as follows: 50% for retail investors, 0% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The shares are scheduled to be listed on the NSE on September 18, 2024, with allotment taking place on 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 for 2024 was ₹2.52 crores, compared to ₹3.22 crores in 2023. Based on these financials, long-term investors may find this IPO a worthwhile opportunity.
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
Innomet Advanced Materials IPO Review (Apply or Not)
- Update 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% |
Innomet Advanced Materials IPO Lot Size:
For the Innomet Advanced Materials IPO, the minimum market lot is set at 1,200 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹120,000 |
| Retail Maximum | 1 | 1200 | ₹120,000 |
| HNI Minimum | 2 | 2400 | ₹240,000 |
Innomet Advanced Materials IPO Timeline:
The Innomet Advanced Materials IPO is scheduled to open on September 11, 2024, and will close on September 13, 2024. Allotments for the IPO will be finalized on September 16, 2024, with the official listing taking place on 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:
GMP for Innomet Advanced Materials SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP 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 leading global supplier of a diverse 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 particularly renowned for its production of Tungsten Heavy Alloy Components. Innomet Advanced Materials caters to a wide array of industries, such as water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, and coatings. With a robust infrastructure and strong collaborations with top scientists and research organizations, the company is committed to ongoing innovation and development.
Innomet Advanced Materials IPO Company Financial Report
The company reported revenue of ₹29.55 crores in 2024 against ₹27.15 crore in 2023. The company reported profit of ₹2.52 crores in 2024 against profit of ₹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
Check Innomet Advanced Materials IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
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
1. What is the Innomet Advanced Materials IPO date?
The IPO for Innomet Advanced Materials is scheduled to open on September 11, 2024, and will close on September 13, 2024.
2. When will the allotment for the Innomet Advanced Materials IPO be finalized?
The allotment for the IPO will be finalized on September 16, 2024.
3. What is the listing date for the Innomet Advanced Materials IPO?
The IPO is expected to be listed on September 18, 2024.
4. What is the minimum market lot for the Innomet Advanced Materials IPO?
The minimum market lot for the IPO is 1,200 shares, with an application amount of ₹120,000.
5. Who are the promoters of Innomet Advanced Materials Limited?
The promoters of the company are Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati, and Vinay Choudhary Chilakapati.
6. What does Innomet Advanced Materials Limited do?
Innomet Advanced Materials Limited is a global supplier 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 customized powders. The company is especially known for its Tungsten Heavy Alloy Components and serves various industries such as water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, and coatings.
7. What sets Innomet Advanced Materials Limited apart from its competitors?
Innomet Advanced Materials Limited distinguishes itself through its extensive product range, including specialized powders and Tungsten Heavy Alloy Components. The company also boasts a strong infrastructure and partnerships with leading scientists and research organizations, fostering continuous innovation and development.
8. How can I apply for the Innomet Advanced Materials IPO?
Interested investors can apply for the IPO through their broker or via online trading platforms that offer IPO applications. Ensure you meet the minimum lot requirements and follow the application procedures outlined by the platform.
