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Open
11 Sep 2024
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Close
13 Sep 2024
3
Allotment
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Listing
Wed, Sep 18, 2024
Price Band
₹100 per share
Issue Size
34,23,600 shares (agg. up to ₹34 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Sep 18, 2024
Latest GMP
₹95
Est. Gain
95%
✦ AI Insight
GMP Trend
18-09-2024₹95Est. ₹195+95%
17-09-2024₹95Est. ₹195+95%
16-09-2024₹110Est. ₹210+110%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 295.99x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 34.17 | 12.14 | 9.74 |
| Total Income | 29.55 | 27.15 | 22.40 |
| Profit After Tax | 2.52 | 3.22 | 0.55 |
| NET Worth | 14.72 | 7.06 | 3.80 |
| Reserves and Surplus | 5.20 | 4.18 | 0.91 |
| Total Borrowing | 13.31 | 12.10 | 9.82 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company; | 11.60 |
| 2 | Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment | 7.88 |
| 3 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions; | 2.09 |
| 4 | General corporate purposes; and | 8.50 |
About Innomet Advanced Materials 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, 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.+ Read More
Contact Details
Innomet Advanced Materials Ltd. AddressB-31, BHEL Ancillary Industrial EstateRamachandrapuramMedakHyderabad, Telangana, 502032+91 04023021726cs@innomet.netVisit Website