Innomet Advanced Materials Limited

Company Profile
Company Name Innomet Advanced Materials Limited
Open Date 11-09-2024
Close Date 13-09-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹100 per share
Issue Size 34,23,600 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Innomet Advanced Materials Limited was originally formed and incorporated on March 07, 1984. The registered office is located at Hyderabad. Telangana, India.The company is engaged in the manufacturing of metal powders (Ferrous, Non-Ferrous, and Alloys) and Tungsten Heavy Alloys (THA). The company has two divisions such as Innomet Powders and Innotung. The company had 56 permanent employees as of March 31, 2024.
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Financial Summary in Lakhs

KPI’s FY 22 FY 23 FY 24
Revenue 2,238.42 2,712.93 2,899.19
EBITDA 169.63 572.63 438.60
Net Profit 55.17 321.55 251.91
RoCE 14.15% 34.21% 18.47%
ROE 14.53% 45.55% 17.11%
P/E 52.36 8.97 37.74

Tentative Timeline

Opening Date 11-09-2024
Closing Date 13-09-2024
Basis of Allotment 16-09-2024
Initiation of Refunds 17-09-2024
Credit of Shares to Demat 17-09-2024
Listing Date 18-09-2024

Objects of the Issue

Funding Working Capital Requirement
Capital Expenditure Requirements towards Purchase of Machinery and Equipment.
Repayment or prepayment of outstanding borrowings
General Corporate Purposes.
To meet the Offer Expenses

Contact Information

Registered Office B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram Medak, Hyderabad-502032
Phone +91 04023021726
Email cs@innomet.net
Website https://www.innomet.net/

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email compliances@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Market Maker Shares Offered 1,71,600 (5.01%)
Other Shares Offered 16,26,000 (47.49%)
Retail Shares Offered 16,26,000 (47.49%)
Total Shares Offered 34,23,600 (100%)

Shareholding Pattern

Promoters Pre Issue 74.52%
Promoters Post Issue 54.80%

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