Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions:
- Innomet Powders.
- Innotung.
Innomet complies with the Quality Management System Standard ISO 9001:2015 for the manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components.
The company offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, and cobalt.
The company has supplied its products in India as well as in US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.
As of March 31, 2024, the company has 56 employees in various departments.
Innomet Advanced Materials IPO – Details
| IPO Opening Date | 11 September 2024 |
| IPO Closing Date | 13 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 34,23,600 Shares Worth ₹34.24 Crore Fresh Issue: 34,23,600 Shares Worth ₹34.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Innomet Advanced Materials IPO – Date Schedule
| IPO Open Date | 11 September 2024 |
| IPO Close Date | 13 September 2024 |
| Basis of Allotment | 16 September 2024 |
| Initiation of Refund | 17 September 2024 |
| Credit of Shares to Demat Account | 17 September 2024 |
| IPO Listing Date | 19 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
Innomet Advanced Materials IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,20,000 |
| Retail (Max) | 1 | 1200 | ₹1,20,000 |
| HNI (Min) | 2 | 2400 | ₹2,40,000 |
Competitive Strengths
- Experienced Management team having knowledge to scale up and expand into new opportunities;
- Dedicated technical & functional team to provide solutions to the customers;
- Experience of handling large & complex projects;
- Multi-year relationships with most customers;
- Improving operational efficiency.
Company Promoters
- Lakshmi Kanthamma Chilakapati
- Saritha Devi Chilakapati
- Vinay Choudhary Chilakapati
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 12.52 | 12.32 | 0.20 | – |
| 31 March 2022 | 22.40 | 21.85 | 0.55 | 9.81 |
| 31 March 2023 | 27.14 | 22.78 | 3.21 | 12.09 |
| 31 March 2024 | 29.55 | 26.29 | 2.51 | 13.31 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.37% |
| ROCE | 16.27% |
| Debt/Equity | 1.27 |
| RoNW | 17.11% |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.65 | 1.95 |
| P/E (x) | 37.78 | 51.37 |
Object Of The Issue
- 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 Promoter Holding
| Pre Issue Share Holding | 74.52% |
| Post Issue Share Holding | 54.80% |
Innomet Advanced Materials IPO Prospectus
Company Contact Information
| 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 Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Innomet Advanced Materials IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Innomet Advanced Materials IPO FAQs
| What is Innomet Advanced Materials IPO? Innomet Advanced Materials IPO is a SME IPO. The issue is priced at ₹100 per equity share. The IPO is to be listed on NSE SME. |
| When Innomet Advanced Materials IPO will open? The IPO is to open on 11 September 2024 for NII and Retail Investors. |
| What is Innomet Advanced Materials IPO Investors Portion? The investors’ portion for Retail – 50% and NII – 50%. |
| How to Apply the Innomet Advanced Materials IPO? You can apply Innomet Advanced Materials 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 the Innomet Advanced Materials IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Innomet Advanced Materials IPO”. Click on 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 Angle One. |
| How to Apply the Innomet Advanced Materials IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Innomet Advanced Materials IPO“. Click on 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 5 Paisa. |
| How to Apply the Innomet Advanced Materials IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Innomet Advanced Materials IPO”. Click on 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 Upstox. |
| How to Apply the EInnomet Advanced Materials IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Innomet Advanced Materials IPO”. Click on 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 IIFL. |
| What is Innomet Advanced Materials IPO Size? Innomet Advanced Materials IPO size is ₹34.24 Crore. |
| What is Innomet Advanced Materials IPO Price Band? Innomet Advanced Materials IPO Price Band is ₹100. |
| What is Innomet Advanced Materials IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,20,000 amount while the maximum bid is 1200 Shares with ₹1,20,000. |
| What is the Innomet Advanced Materials IPO Allotment Date? Innomet Advanced Materials IPO allotment date is 16 September 2024. |
| What is the Innomet Advanced Materials IPO Listing Date? Innomet Advanced Materials IPO listing date is 18 September 2024. The IPO is to be listed on NSE SME. |
