Innomet Advanced Materials Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

11 Sep 2024

Close Date

13 Sep 2024

Allotment

16 Sep 2024

Listing Date

18 Sep 2024

Exchange

NSE SME

Price Band

₹100

Listing Price

See chart

Allotment Status

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Price Band

₹100

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

34,23,600 shares (aggregating up to ₹34.24 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

95,16,538 shares

Promoters

Post-IPO Holding

1,29,40,138 shares

Promoters

P/E (Pre)

37.78x

P/E (Post)

51.37x

EPS (Pre)

₹2.65

EPS (Post)

₹1.95

UPI Deadline

2024-09-13

Mandate

Anchor AllotmentTue, 10 Sep 2024

Basis of AllotmentMon, 16 Sep 2024

Refund InitiationTue, 17 Sep 2024

Demat CreditTue, 17 Sep 2024

Listing DayWed, 18 Sep 2024

UPI Mandate Deadline2024-09-13

Sale TypeFresh Issue

Net Offer to Public32,52,000 shares (aggregating up to ₹32.52 Cr)

Market Maker Quota1,71,600 shares (aggregating up to ₹1.72 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Innomet Advanced Materials Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	171,600	—	₹1.72
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,423,600	100%	₹34.24

IPO Shares Offered

Innomet Advanced Materials Ltd. IPO total issue size: ₹34.24 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	171,600	₹1.72	5.01%
Total	3,423,600	₹34.24	100.00%

* Based on upper price band ₹100 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹100.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹240,000
Retail (Max — 13 Lots)	13	15,600	₹1,560,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,680,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,160,000

* Issue Price ₹100 × Lot Size 1,200 shares

IPO Schedule

Anchor

10 Sep 2024

✓ Done

IPO Open

11 Sep 2024

✓ Done

IPO Close

13 Sep 2024

✓ Done

Allotment

16 Sep 2024

✓ Done

Refunds

17 Sep 2024

✓ Done

Demat Credit

17 Sep 2024

✓ Done

Listing Day

18 Sep 2024

✓ Done

₹100.00

INR · NSE

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Issue ₹100.00 Live Price

About Innomet Advanced Materials Ltd.

Incorporated in 1984, 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.

Objects 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 Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,240.4

31 Mar 2022

₹2,714.8

31 Mar 2023

₹2,955.5

31 Mar 2024

Profit After Tax (PAT)

₹55.2

31 Mar 2022

₹321.6

31 Mar 2023

₹251.9

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	2955.45	2714.78	2240.35
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	251.91	321.55	55.17
Net Worth	1472.00	705.94	379.78
Total Assets	3416.76	1213.60	974.01
Reserves & Surplus	520.35	417.62	91.46
Borrowings	1331.29	1209.50	981.51
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

21.37%

RoCE

16.27%

RoNW

17.11%

Debt/Equity

1.27

Issue Structure & Shareholding

Total Shares Offered34,23,600 (100.00%)

Net Offer to Public32,52,000 shares (aggregating up to ₹32.52 Cr)

Reserved for Market Maker1,71,600 shares (aggregating up to ₹1.72 Cr)

Pre-Issue Promoter Holding95,16,538 shares

Post-Issue Promoter Holding1,29,40,138 shares

P/BV RatioN/A

RoE21.37%

RoCE16.27%

Debt / Equity1.27

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

compliances@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Expert Global Consultants Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Innomet Advanced Materials Ltd. IPO subscribed? ▲

Innomet Advanced Materials Ltd. IPO is subscribed 1.00 times by Sep 13, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Innomet Advanced Materials Ltd. IPO retail subscription status? ▼

The Innomet Advanced Materials Ltd. IPO retail category is subscribed 1.00 times as of 13 Sep 2024. The retail portion is oversubscribed.

How to subscribe Innomet Advanced Materials Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 11 Sep 2024 and closes 13 Sep 2024. Min investment: ₹120,000 (1 lot = 1,200 shares). UPI mandate: 2024-09-13.

How many times Innomet Advanced Materials Ltd. IPO subscribed? ▼

The Innomet Advanced Materials Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Innomet Advanced Materials Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 16 Sep 2024. Refunds: on 17 Sep 2024.

When Innomet Advanced Materials Ltd. IPO will be listed? ▼

The Innomet Advanced Materials Ltd. IPO listing date is 18 Sep 2024, Wednesday. Listed on: NSE SME. Issue price: ₹100. Estimated listing: ₹100. GMP: NIL.

When Innomet Advanced Materials Ltd. IPO close? ▼

The Innomet Advanced Materials Ltd. IPO closes on 13 Sep 2024, Friday. UPI mandate: 2024-09-13. Allotment: 16 Sep 2024. Listing: 18 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹100.00

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Issue Price₹100.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹100

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹100

Subscribed1.00x

Open Date11 Sep 2024

Close Date13 Sep 2024

Allotment16 Sep 2024

Listing Date18 Sep 2024

ExchangeNSE SME

UPI Deadline2024-09-13