Innomet Advanced Materials Limited
Fixed Price IPO · NSE
- Price band
- ₹100 - ₹100
- Lot size
- 1,200 shares
- Issue amount
- ₹34.24 cr
- Total subscription
- 297.45×
- Opens
- 11 Sept 2024
- Closes
- 13 Sept 2024
- Allotment
- 16 Sept 2024
- Listing
- 18 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 34,23,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹34.24 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 95,16,538
- Shares after issue
- 1,29,40,138
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,40,000 |
| HNI | 3 | 3,600 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 16.26 | 3,691.28 |
| NIB | 16.26 | 5,981.88 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.65 | 11.15 | 1.91 |
| ROE | 21.37 | 111.53 | 19.13 |
| ROCE | 16.27 | 27.7 | 10.23 |
| RONW | 17.11 | 45.55 | 14.53 |
| PRE IPO(PE) | 37.78 | 0 | 0 |
| POST IPO(PE) | 51.37 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Experienced Leadership: The company is led by a talented and experienced team that knows how to grow the business and spot new opportunities.
- Technical Excellence: A dedicated team works closely with customers to deliver customized, high-quality solutions that fit their needs.
- Expertise in Complex Projects: Innomet has successfully handled large and challenging projects, showing strong planning and execution skills.
Risk factors
- 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.
- 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.
- Employee-Related Risks: Any mistakes, misconduct, or fraud by employees could lead to financial losses or disruptions in operations.
Promoters
Lakshmi Kanthamma Chilakapati
Saritha Devi Chilakapati
Vinay Choudhary Chilakapati
Objects of the issue
NA0
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram Medak, Hyderabad-502032
+91 04023021726
[email protected]Company website ↗Understanding INNOMET IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.