Innomet Advanced Materials was incorporated on March 07, 1984. The company is engaged in manufacturing metal powders, including ferrous, non-ferrous, and their alloys. It has also expanded into producing tungsten heavy alloys (THA).
| Bidding Dates |
|---|
| 11 Sep 2024 - 13 Sep 2024 |
| Subscription |
|---|
| 282.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1200 | 3.4 M | ₹100 | 54.8 % | ₹342.4 M | RHP DOC |
Innomet Advanced Materials Ltd. IPO SUBSCRIPTION STATUS
13 Sep '24Innomet Advanced Materials Ltd. IPO overall subscription rate was 282.51 times the total available shares
Innomet Advanced Materials Ltd. IPO retail subscription rate was 215.59 times in the retail segment
Innomet Advanced Materials Ltd. IPO non-institutional investor subscription rate was 298.98 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Sep 2024 (Day 3) | 215.59x | 298.98x | - |
12 Sep 2024 (Day 2) | 10.08x | 3.51x | - |
11 Sep 2024 (Day 1) | 0.67x | 0.17x | - |
Innomet Advanced Materials Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 25.2 | 289.9 | 21.8 | 21.8 | 16.7% |
| FY23 | 32.2 | 271.3 | 35.3 | 35.3 | 21.2% |
| FY22 | 5.5 | 223.8 | -1.8 | -1.8 | 7.7% |
Innomet Advanced Materials Ltd. IPO SUBSCRIPTION STATUS DETAILS
Innomet Advanced Materials Ltd. had 3.4 M shares on offer
Innomet Advanced Materials Ltd. IPO offer price was ₹100
Innomet Advanced Materials Ltd. IPO minimum Investment was ₹120000
Innomet Advanced Materials Ltd. IPO issue size was ₹ 342.4 M
Innomet Advanced Materials Ltd. had a minimum lot size of 1200 Shares per application
Innomet Advanced Materials Ltd. NUMBER OF SHARES ON OFFER
Innomet Advanced Materials Ltd. IPO IMPORTANT DATES
| Issue Open Date | 11 Sep 2024 |
| Issue close Date | 13 Sep 2024 |
| Allotment Date | 16 Sep 2024 |
| Refund Date | 17 Sep 2024 |
| Demat Account Credit Date | 17 Sep 2024 |
| Listing Date | 18 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Innomet Advanced Materials Ltd. Allotment Status | Exchange |
Innomet Advanced Materials Ltd. IPO subscription opened on 11 Sep 2024, and closed on 13 Sep 2024
IPO allotment for Innomet Advanced Materials Ltd. was finalized on Monday, 16 Sep 2024
IPO listing for Innomet Advanced Materials Ltd. was on NSE on Wednesday, 18 Sep 2024
Innomet Advanced Materials Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 199.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 90.5% |
Innomet Advanced Materials Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Innomet Advanced Materials Ltd. | 190.5 | 246.5 | 156.7 | -10 | 4.5 | 3.7 | 2.5 | 54.2 | 64.6 | 1.6 | -15.7 | 1.2 | -15.7 |
| Hindustan Zinc Ltd. | 603 | 254786.7 | 14.9 | 0.2 | 5.4 | 61.1 | 32.6 | 41934 | 19.6 | 13832 | 33.6 | 40.4 | 66.6 |
| Gravita India Ltd. | 1732.1 | 12784.4 | 32.6 | 2.1 | 2.7 | 15.4 | 11.1 | 4342.2 | 9.1 | 378.8 | 21.3 | 53.1 | 15.8 |
| Jain Resource Recycling Ltd. | 308.4 | 10642.4 | 29.6 | 1 | 22.3 | 10.3 | 9571.5 | 33.6 | 348.8 | 55.5 | 10.4 | ||
| Pondy Oxides & Chemicals Ltd. | 481.7 | 3674.3 | 25.8 | 0.3 | 1.1 | 16.7 | 13.4 | 2964 | 43.9 | 131.9 | 127.1 | 18.7 | 102.9 |
| Nile Ltd. | 1551.8 | 465.8 | 7.3 | 0.2 | 0.4 | 17.5 | 15.6 | 1044.6 | 13.6 | 55.3 | 52 | 211.3 | 47 |
Innomet Advanced Materials Ltd. INFORMATION ON IPO ISSUE
About Innomet Advanced Materials Ltd.
Innomet Advanced Materials was incorporated on March 07, 1984. The company is engaged in manufacturing metal powders, including ferrous, non-ferrous, and their alloys. It has also expanded into producing tungsten heavy alloys (THA).
Object of the Issue
- Funding working capital requirements of the company.
- Funding of capital expenditure requirements of the company towards purchase of machinery and equipment.
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions.
- General corporate purposes.
- Issue expenses.
Innomet Advanced Materials Ltd. - PROMOTERS
| Name |
|---|
| Lakshmi Kanthamma Chilakapati |
| Vinay Choudhary Chilakapati |
| Saritha Devi Chilakapati |
Innomet Advanced Materials Ltd. Lead Manager of the Issue
Expert Global Consultants Private Limited
ipo@expertglobal.in
Innomet Advanced Materials Ltd. Registrar to the issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Innomet Advanced Materials Ltd. Strengths
Customer Relationship
The company has a dedicated technical and functional team that provides solutions to customers and maintains multi-year relationships with most of its clients
Experienced Managment
The company's experienced management team has the expertise in this sector to scale up and explore new opportunities
Innomet Advanced Materials Ltd. Risks
No Long Term Agreements
The company lacks long-term agreements with its suppliers and customers, so losing one or more of them or experiencing a reduction in demand could negatively impact its business, financial condition, and cash flows
License Approvals
The company requires various approvals, NOCs, licenses, registrations, and permits in the ordinary course of business. Any failure or delay in obtaining these in a timely manner could adversely affect the company's operations
IPO FAQs
The promoters of the company are Lakshmi Kanthamma Chilakapati, Vinay Choudhary Chilakapati and Saritha Devi Chilakapati.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 100.0 - 100.0.
The IPO application opens on Sep 11, 2024 and closes on Sep 13, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 16, 2024.
The refund will be credited to your account on Sep 17, 2024.
The allotted shares will be credited to your demat on Sep 17, 2024.
Innomet Advanced Materials Ltd.’s shares listed on the stock exchanges on Sep 18, 2024.