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Innomet Advanced Materials Limited IPO

Innomet Advanced Materials Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
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Listed Price: ₹ 190.00 (+90.00%)

Following its successful public offering, Innomet Advanced Materials Limited's made its market debut on 18-09-2024 and is now actively traded on the NSEplatform. The IPO mobilized 34,23,600 Shares in total capital, including 34,23,600 Shares in primary equity infusion.

The offering was structured with a price band of ₹100 to ₹100 and minimum investment lots of 1200 shares. Investor participation during the subscription window from 11-09-2024 to 13-09-2024 demonstrated market confidence in the company's prospects.

The allotment process concluded on 16-09-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Innomet Advanced IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Innomet Advanced IPO Key Performance Indicator
Company Financials ( In Lakhs )

Innomet Advanced IPO About Company

Innomet Advanced Materials Limited, established in 1984, is a leading manufacturer of metal powders and tungsten heavy alloys, operating through its two key divisions—Innomet Powders and Innotung. The Innomet Powders division produces a wide range of metal powders including copper, bronze, brass, nickel, tin, and stainless steel, offering custom formulations to meet diverse industrial requirements, while the Innotung division manufactures high-density tungsten heavy alloys used in high-performance applications. With ISO 9001:2015 certification, the company ensures strong quality management across its ferrous and non-ferrous powder products and tungsten alloy components. Innomet serves customers globally across India, the US, UK, Germany, Japan and other regions, and employed 56 people as of March 31, 2024.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Innomet Advanced IPO Strength Factors

  1. Experienced Leadership: The company is led by a talented and experienced team that knows how to grow the business and spot new opportunities.
  2. Technical Excellence: A dedicated team works closely with customers to deliver customized, high-quality solutions that fit their needs.
  3. Expertise in Complex Projects: Innomet has successfully handled large and challenging projects, showing strong planning and execution skills.

Innomet Advanced IPO Risk Factors

  1. Negative Cash Flows: If the company continues to have negative cash flow—whether from daily operations, investments, or financing—it could affect its financial health and smooth functioning.
  2. Limited Stake from Leadership: The company’s top leadership and promoters don’t hold significant personal stakes beyond their salaries, which might impact their long-term commitment and motivation.
  3. Employee-Related Risks: Any mistakes, misconduct, or fraud by employees could lead to financial losses or disruptions in operations.

Innomet Advanced IPO Lead Manager(s)

  • Expert Global Consultants Private Limited

Innomet Advanced IPO Promoter(s)

  1. Lakshmi Kanthamma Chilakapati
  2. Saritha Devi Chilakapati
  3. Vinay Choudhary Chilakapati

Innomet Advanced IPO Company Details

Innomet Advanced Materials Limited
Phone:
address:

Innomet Advanced IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Innomet Advanced IPO FAQs