Get all the essential details on the Innomet Advanced Materials IPO, including its date, price, allotment process, and more.
Innomet Advanced Materials recently announced that its IPO is going to be open on 11th September and will end on 13th September. It is a global supplier of metal/alloy powders, known for Tungsten Heavy Alloy Components, serving diverse industries with a focus on innovation. It aims to gather INR 34.24 crores with a price band of INR 100 per share and a face value of INR 10 per equity share.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Innomet Advanced Materials IPO
- Allotment Dates for Innomet Advanced Materials IPO
- Application Process of IPO
- Financial Analysis of Company
- IPO Valuation
- Registrar for Innomet Advanced Materials IPO
- Offer Lead Manager
- Company Address
Company Overview
Innomet Advanced Materials Limited is a global supplier of ferrous and nonferrous metal/alloy powders such as copper, nickel, bronze, brass, stainless steel, tin, diamond tool matrix, and many other special powders. The company is primarily known for manufacturing tungsten-heavy alloy components. They are currently supplying their products in the fields of water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, coatings, etc. The company has a solid foundation and cooperates with the best scientists and research centers for further advancement.
Company Strategy
Innomet Advanced Materials Limited focuses on manufacturing metal powders and tungsten heavy alloys, operating under two divisions: Innomet Powders and Innotung. The company’s plans focus on commitment to technological development, partnership with research organizations, and compliance with quality requirements in an attempt to improve capacities and enter new segments such as defense and aerospace. They have planned for future IPOs for working capital, investments in plant and machinery, and repayment of liability to make themselves ready to tap the growth opportunity in the powder metallurgy market.
Details on IPO Date and Price Band
| IPO Open Date: | September 11, 2024 |
| IPO Close Date: | September 13, 2024 |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 100 Per Share |
| Issue Size: | Approx INR 34.24 Crores |
| Fresh Issue: | Approx INR 34.24 Crores |
| Offer for Sale: | NA |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | 50% |
| QIB Quota: | 00% |
| NII Quota: | 50% |
IPO Objective:
The primary aim of Innomet Advanced Materials Limited’s IPO consists of working capital expenses, expenditure towards the acquisition of machinery and equipment, repayment or partial prepayment of its outstanding borrowing from banks or any other financial institution, corporate expenses, general expenses, and issue expenses. These steps are rightly targeted at increasing the operational capability, paying out the existing debts, and helping to develop and expand the company’s operations.
Market Lot Information on Innomet Advanced Materials IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (1,200 shares) for INR 120,000
- Retail Maximum: 1 lot (1,200 shares) for INR 120,000
- S-HNI Minimum: 2 lots (2,400 shares) for INR 240,000
Allotment Dates for Innomet Advanced Materials IPO
Innomet Advanced Materials IPO open date is September 11 and the IPO close date is September 13. The IPO allotment date is September 16 and the listing date is September 18.
| IPO Open Date: | September 11, 2024 |
| IPO Close Date: | September 13, 2024 |
| Basis of Allotment: | September 16, 2024 |
| Refunds: | September 17, 2024 |
| Credit to Demat Account: | September 17, 2024 |
| IPO Listing Date: | September 18, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Innomet Advanced Materials. On the other hand, the IPO forms are also available for download on the NSE websites which the candidates can fill and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | Profit After Tax | Assets |
| 2022 | 22.38 | 21.85 | 0.55 | 9.74 |
| 2023 | 27.13 | 22.79 | 3.22 | 12.14 |
| 2024 | 28.99 | 26.29 | 2.52 | 34.17 |
Innomet Advanced Materials has shown steady revenue growth, increasing from INR 22.38 crores in 2022 to INR 28.99 crores in 2024. Profit after tax rose significantly to INR 3.22 crores in 2023 but dipped to INR 2.52 crores in 2024 due to a sharp rise in expenses. Despite this, the company’s assets grew substantially from INR 9.74 crores in 2022 to INR 34.17 crores in 2024, indicating strong capital investments and expansion efforts to support future growth.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 2.65 with a Return on Net Worth (RoNW) of 17.11% and a Net Asset Value (NAV) per share of INR 15.73 in the financial year 2024. The IPO price band range of INR 100 per share to raise INR 34.24 crores to fund working capital, finance capital expenditures, repay borrowings, cover general corporate purposes and address issue expenses to support growth and reduce debt.
| Earnings Per Share (EPS): | INR 2.65 (Basic) |
| Price/Earning P/E Ratio: | 37.73 |
| Return on Net Worth (RoNW): | 17.11% |
| Net Asset Value (NAV): | INR 15.73 |
Innomet Advanced Materials Limited IPO Registrar
Skyline Financial Services Private Ltd
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Offer Lead Manager
Expert Global Consultants Private Limited
Expert Global Consultants Private Limited is an IT and engineering solutions company focusing on product design and development along with digital transformation services. It works with automotive, aerospace, manufacturing, and many other sectors, providing specific solutions for CAD, CAE, and software. Specializing in innovation and customer satisfaction, Expert Global Consultants leverage extensive technical knowledge and advanced tools to provide clients with improved operation and faster product development.
Conclusion
Innomet Advanced Materials’ upcoming IPO, set to raise INR 34.24 crores, presents a strategic opportunity for the company to strengthen its financial position and expand operations. With a price band of INR 100 per share, the funds raised will support working capital, capital expenditures, and debt repayment. The company’s focus on innovation and technological growth, especially in tungsten-heavy alloy components, positions it well for future growth in diverse industries. Investors can apply from September 11 to September 13, with the listing date scheduled for September 18, 2024.
