Innomet Advanced Materials IPO
IPO Listing Details
- Listing Date
18 Sep 2024
- Listing Price
₹ 190.00
- Listing Change
90.00%
- Last Traded Price
₹ 200.00
IPO Details
- Open Date
11 Sep 2024
- Close Date
13 Sep 2024
- IPO Price Range
₹ 100
- IPO Size
₹ 34.24 Cr
- Listing Exchange
NSE SME
- Listing Date
18 Sep 2024
IPO Timeline
Innomet Advanced Materials IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 11-Sep-24 | - | 0.21 | 0.85 | 0.53 |
| 12-Sep-24 | - | 3.62 | 10.87 | 7.71 |
| 13-Sep-24 | - | 367.77 | 226.97 | 323.92 |
Last Updated: 20 September 2024 12:23 PM by 5Paisa
Last Updated: 13th September 2024, 06:40 PM by 5paisa
Innomet Advanced Materials IPO is set to open on 11 September 2024 and will close on 13 September 2024. Innomet Advanced Materials Limited produces metal powders and tungsten heavy alloys.
The IPO includes a fresh issue of 34.24 lakh shares aggregating ₹34.24 Cr and it does not include an offer for sale. The price is set at ₹100 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalised on 16 September 2024. It will go public on NSE SME, with a tentative listing date of 18 September 2024.
Expert Global Consultants Private Limited is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar.
Innomet Advanced IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 34.24 |
| Offer For Sale | - |
| Fresh Issue | 34.24 |
Innomet Advanced IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Innomet Advanced IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 367.77 | 16,26,000 | 59,79,90,000 | 5,979.90 |
| Retail | 226.97 | 16,26,000 | 36,90,51,600 | 3,690.52 |
| Total | 323.92 | 32,52,000 | 1,05,34,03,200 | 10,534.03 |
1. Working Capital Requirements.
2. General Corporate Purposes.
3. Funding for machinery and equipment purchases.
4. Repaying or prepaying part of the company’s existing loans.
5. Issue Expenses
Founded in 1984, Innomet Advanced Materials Limited produces metal powders and tungsten heavy alloys. The company operates through two divisions Innomet Powders and Innotung. It follows ISO 9001:2015 standards for quality management in manufacturing and supplying ferrous and non-ferrous metal/alloy powders and tungsten heavy alloy components.
Innomet offers over 20 different products, including powders made from copper, bronze, brass, nickel, tin, and stainless steel, catering to various industries. They also specialize in custom metal and alloy powders with elements like iron, copper, nickel, tin, zinc, and cobalt. The company supplies its products both in India and internationally, reaching countries like the US, UK, Germany, Japan, and more. As of 31 March 2024, Innomet employs 56 people across different departments.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 29.55 | 27.15 | 22.40 |
| EBITDA | 4.95 | 5.74 | 1.72 |
| PAT | 2.52 | 3.26 | 0.55 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 34.17 | 12.14 | 9.74 |
| Share Capital | 9.52 | 2.88 | 2.88 |
| Total Borrowings | 13.31 | 12 | 9.82 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 2.18 | 3.53 | -0.18 |
| Net Cash Generated From / (used in) investing activities | -6.25 | -4.72 | -2.72 |
| Net Cash Generated From / (used in) financing activities | 3.99 | 1.18 | 2.88 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.08 | -0.01 | -0.01 |
Strengths
1. The management team at Innomet Advanced Materials Limited has the expertise to scale up operations and explore new business opportunities, driving the company’s growth.
2. The company has dedicated technical and functional teams that focus on delivering customized solutions to meet the specific needs of their customers, enhancing customer satisfaction.
3. Innomet has built multi-year relationships with most of its customers, demonstrating trust and reliability. Additionally, the company continuously improves its operational efficiency, ensuring better performance and competitiveness in the market.
Risks
1. The company’s revenue is closely tied to the performance of industries that use metal powders and tungsten heavy alloys. Any downturn in these sectors could negatively impact the company’s financial performance.
3. The cost of raw materials like metals can be volatile. Significant price fluctuations could increase production costs and reduce profit margins, affecting the company’s profitability.
4. If the company relies heavily on a few major customers, losing any of these clients or experiencing reduced orders could significantly impact revenue and financial stability.
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FAQs
Innomet Advanced Materials IPO opens from 11th September to 13th September 2024.
The size of the Innomet Advanced Materials IPO is ₹34.24 Cr.
The price band of Innomet Advanced Materials IPO is fixed at ₹100 per share.
To apply for Innomet Advanced Materials IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Innomet Advanced Materials IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Innomet Advanced Materials IPO is 1200 shares and the minimum investment required is ₹120,000.
The share allotment date of Innomet Advanced Materials IPO is 16th September 2024
The Innomet Advanced Materials IPO will be listed on 18th September 2024.
Expert Global Consultants Private Limited is the book-running lead manager for Innomet Advanced Materials IPO.
Innomet Advanced Materials plans to utilise the raised capital from the IPO for:
1. Working Capital Requirements.
2. General Corporate Purposes.
3. Funding for machinery and equipment purchases.
4. Repaying or prepaying part of the company’s existing loans.
5. Issue Expenses
Contact Information
Innomet Advanced Materials
Innomet Advanced Materials 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 Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Innomet Advanced Materials IPO Lead Manager
Expert Global Consultants Private Limited
