Innomet Advanced Materials Limited
Innomet Advanced Materials Limited(INNOMET)
Total Shares
34,23,600
Issue Size
₹34.24 Cr
Price Band
₹100 – ₹100
Lot Size
1200 shares
Min. Investment
₹1,20,000
Max. Investment
₹1,20,000
Open Date
11 Sep, 2024
Close Date
13 Sep, 2024
Allotment
16 Sep, 2024
Listing
18 Sep, 2024
Max. Investment
₹1,20,000
Announced
11 Sep, 2024
Opening Date
11 Sep, 2024
Closing Date
13 Sep, 2024
Basis of Allotment
16 Sep, 2024
Initiation of Refunds
17 Sep, 2024
Credit of Shares
17 Sep, 2024
Listing Date
18 Sep, 2024
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Innomet Advanced Materials Limited IPO
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,
Innomet Advanced Materials Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 36.0% increase in shares
Innomet Advanced Materials Limited IPO Financials Health
Innomet Advanced Materials Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,20,000 |
| Retail Maximum | 1 | 1200 | ₹1,20,000 |
| HNI Minimum | 2 | 2400 | ₹2,40,000 |
(All values in CR)
Innomet Advanced Materials Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.27 |
| EPS Post IPO | 1.95 |
| EPS Pre IPO | 2.65 |
| P/E Post IPO | 51.37 |
| P/E Pre IPO | 37.78 |
| ROCE | 16.27% |
| ROE | 21.37% |
| RoNW | 17.11% |
(All values in CR)
Strength & Risk of Innomet Advanced Materials Limited IPO
1. Experienced Management team having knowledge to scale up and expand into new opportunities.
2. Dedicated technical & functional team to provide solutions to our customers.
3. Experience of handling large & complex projects.
4. Multi-year relationships with most customers.
5. Improving operational efficiency.
1. The company has experienced negative cash flows in relation to its operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect its results of operations and financial condition.
2. Its Directors & Promoters, Senior Management and Key Managerial Personnel have no interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
3. Employee misconduct, errors or fraud could expose it to business risks or losses that could adversely affect business prospects, results of operations and financial condition.
4. There are outstanding litigations involving the Company, Promoters and Directors which, if determined adversely, may affect its business and financial condition.
5. The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by it and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.
6. The average cost of acquisition of Equity Shares by its Promoters may be lower than the Issue Price.
7. The company has significant power requirements for continuous running of its factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
8. The company does not have long-term agreements with its suppliers or customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for the company products or manage its inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
9. The compzany has issued Equity Shares at prices that may be lower than the Issue Price in the last 12 months.
10. Its operations depends on the availability of timely and cost-efficient transportation and other logistic facilities and any prolonged disruption may adversely affect its business, results of operations, cash flows and financial conditions.
Innomet Advanced Materials Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 314.76 | 16,26,000 | 51,18,00,000 | 5 |
| Market Maker | 1.00 | 1,71,600 | 1,71,600 | 1.72 |
| Retail | 226.97 | 16,26,000 | 36,90,51,600 | 3 |
| Total | 270.86 | 32,52,000 | 88,08,51,600 | 8 |
Innomet Advanced Materials Limited IPO GMP
Last updated 09 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Sep, 2024 | 100 | ₹0 | -- | ₹100 (0.00%) | - | 09 Sep, 2024 |
| 10 Sep, 2024 | 100 | ₹0 | -- | ₹100 (0.00%) | - | 10 Sep, 2024 |
| 11 Sep, 2024 | 100 | ₹0▼ | -- | ₹100 (0.00%) | - | 11 Sep, 2024 |
| 12 Sep, 2024 | 100 | ₹70▼ | 63800 | ₹170 (70.00%) | - | 12 Sep, 2024 |
| 13 Sep, 2024 | 100 | ₹95 | 86600 | ₹195 (95.00%) | - | 13 Sep, 2024 |
| 14 Sep, 2024 | 100 | ₹95 | 86600 | ₹195 (95.00%) | - | 14 Sep, 2024 |
| 15 Sep, 2024 | 100 | ₹95 | 86600 | ₹195 (95.00%) | - | 15 Sep, 2024 |
| 16 Sep, 2024 | 100 | ₹95▼ | 86600 | ₹195 (95.00%) | - | 16 Sep, 2024 |
| 17 Sep, 2024 | 100 | ₹110▲ | 100300 | ₹210 (110.00%) | - | 17 Sep, 2024 |
| 18 Sep, 2024 | 100 | ₹95 | 86600 | ₹195 (95.00%) | - | 18 Sep, 2024 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Innomet Advanced Materials Limited IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Innomet Advanced Materials Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
Innomet Advanced Materials Limited IPO
Innomet Advanced Materials Limited is offering its shares to the public through an Initial Public Offering (IPO), which presents a significant opportunity for investors. The funds raised through this IPO are intended for the expansion of the company's business and general corporate purposes. Here is a detailed breakdown of the IPO.
Comprehensive Review of Innomet Advanced Materials Limited IPO
Innomet Advanced Materials Limited, a company specializing in advanced materials and engineering solutions, is set to launch its IPO. This fixed-price offering is designed to support the company's growth objectives and strategic expansions in the market.
Company Overview
Innomet Advanced Materials Limited is focused on the production and distribution of advanced materials used in various industrial applications, including automotive, aerospace, and electronics. With its strong engineering background, the company has carved a niche in providing high-precision products tailored to industrial needs.
- Founded: Converted to a public limited company in 2023.
- Industry: Advanced Materials and Engineering Solutions.
- Products: Components and materials for industrial applications, including metal alloys and composites.
Key IPO Details
- IPO Size: 34,23,600 Equity Shares at ?100 each, aggregating to ?3,423.60 Lakhs.
- Fresh Issue: 34,23,600 shares, raising funds for business expansion, working capital, and other corporate purposes.
- Issue Price: ?100 per equity share, including a premium of ?90 per share.
- Issue Period: Opens on September 11, 2024, and closes on September 13, 2024.
- Listing: Shares will be listed on NSE Emerge.
Pros of Investing in Innomet Advanced Materials Limited IPO
- Niche Industry Expertise: The company specializes in advanced materials, a sector with growing demand in industries like aerospace, automotive, and electronics.
- Growth Potential: The global demand for advanced materials is expanding, driven by technological advancements and industrial requirements.
- Experienced Management Team: The leadership team, headed by Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati, and Vinay Choudhary Chilakapati, has decades of industry experience, which enhances strategic decision-making.
- Strategic Expansion Plans: The IPO proceeds will be used for expanding production capacity and enhancing research and development, providing potential for increased revenue.
Cons of Investing in Innomet Advanced Materials Limited IPO
- Market Competition: The advanced materials sector is competitive, with larger global players dominating the market.
- High Dependency on Specific Industries: The company's business is closely tied to industries such as automotive and aerospace. Any slowdown in these sectors could negatively impact growth.
- Fluctuating Raw Material Costs: The company’s profitability is susceptible to fluctuations in the cost of raw materials, which could affect margins.
- Regulatory Risks: Changes in industry regulations or government policies could pose challenges to business operations and profitability.
Financial Performance and Market Position
Innomet Advanced Materials Limited has shown steady financial growth in recent years, driven by strong demand for its products. However, potential investors should carefully consider the company’s financial health, including its revenue trends, profit margins, and operational efficiency.
- Revenue Growth: Steady revenue growth over the past few fiscal years, indicating strong market demand.
- Profit Margins: Healthy profit margins, although they are susceptible to raw material price fluctuations.
- Debt Levels: The company aims to reduce its debt levels using the proceeds from the IPO, which could improve its financial health.
Should You Invest in Innomet Advanced Materials Limited IPO?
Investing in Innomet Advanced Materials Limited's IPO provides an opportunity to tap into the growing market for advanced materials. The company’s focus on high-growth industries like aerospace and automotive positions it well for future expansion. However, investors should be mindful of the competitive nature of the market and the risks associated with fluctuations in raw material prices.
Conclusion
The Innomet Advanced Materials Limited IPO offers investors a chance to participate in a niche, high-growth market. While the company’s strategic growth plans and experienced management are positives, potential investors should weigh these benefits against the risks posed by market competition and economic dependency.
FAQs About Innomet Advanced Materials Limited Ipo
Innomet Advanced Materials Limited IPO will open on 11 Sep, 2024 and close on 13 Sep, 2024. Investors must apply within this period to participate.
The Innomet Advanced Materials Limited IPO price band is set between ₹100.00 and ₹100.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹120000.00.
The Innomet Advanced Materials Limited IPO shares are expected to be listed on 18 Sep, 2024, subject to regulatory approvals and final allotment.
You can track your Innomet Advanced Materials Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Innomet Advanced Materials Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.