Innomet Advanced Materials Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 11, 2024 to September 13, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 100 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 34,23,600 shares (aggregating up to ₹ 34.24 Cr) |
| Fresh Issue | 34,23,600 shares (aggregating up to ₹ 34.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 95,16,538 |
| Share holding post issue | 1,29,40,138 |
| Market Maker portion | 1,71,600 shares Prabhat Financial Services |
About Innomet Advanced Materials Limited IPO And Its GMP
M/s Padmasree Enterprises was incorporated as a partnership firm in the year 1984, which was a family concern started as a General Engineering and later on, converted into a Private Limited Company in the name of M/s Innomet Advanced Materials Private Limited (Innomet) in 2019.
The next generation took over and diversified into other businesses like the manufacture of Diamond Tools and later on through backward integration, started the manufacture of Metal Powders (Ferrous, Non-Ferrous and their Alloys). Further R&D got into the manufacture of Tungsten Heavy Alloys (THA). The Promoters have vast experience in General Engineering, Diamond Tools, Metal/Alloy Powders and Tungsten Heavy Alloys.
- IPO Details:
- IPO Opening Date: September 11, 2024
- IPO Closing Date: September 13, 2024
- Issue Size: ₹34.24 crores
- Price per Share: ₹100
- Minimum Lot Size: 1,200 shares
- Book Running Lead Manager: Expert Global Consultants Private Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker Prabhat Financial Services
Innomet Advanced Materials Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions:
1. Innomet Powders.
2. 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 the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.
Objectives of Innomet Advanced Materials IPO
-
The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following objectives:
- 1. Funding working capital requirements of the Company.
- 2. Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment.
- 3. Repayment or prepayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions.
- 4. General corporate purposes.
- 5. Issue Expenses.
Innomet Advanced Materials IPO Review
The company that was in the diamond tools business has diversified into Metal Powder and THA products. It posted inconsistency in the bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears exorbitantly priced above 51 P/E. Well-informed investors may park moderate funds for the long term.
Innomet Advanced Materials Limited IPO And Its GMP Financial Information
Latest Revenue
2,955.45
₹ Crore
Profit After Tax
251.91
₹ Crore
Net Worth
1,472
₹ Crore
Total Borrowing
1,331.29
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 3,416.76 | 2,955.45 | 251.91 | 1,472 | 1,331.29 | ||||
| 31 Mar 2023 | 1,213.68 | 2,714.78 | 321.55 | 705.94 | 1,209.5 | ||||
| 31 Mar 2022 | 974.01 | 2,240.35 | 55.17 | 379.78 | 981.51 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹100 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹110110 and a lot size of 1200 shares.
Innomet Advanced Materials Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2025-09-17 | ₹100 | ₹110 (110.00%) | 2024-09-17 |
| 2025-09-16 | ₹100 | ₹95.0 (95%) | 2024-09-16 |
| 2024-09-18 | ₹100 | ₹95 (95.00%) | 2024-08-18 |
| 2024-09-13 | ₹100 | ₹95.0 (95%) | 2024-09-13 |
| 2024-09-12 | ₹100 | ₹70.0 (70%) | 2024-09-12 |
Innomet Advanced Materials Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.37% |
| ROCE | 16.27% |
| Debt/Equity | 1.27 |
| RoNW | 17.11% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.65 | 1.95 |
| P/E (x) | 37.78 | 51.37 |
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Competitive Strengths
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Innomet Advanced Materials Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Wednesday, September 11, 2024 |
| IPO Close Date | Friday, September 13, 2024 |
| Basis of Allotment | Monday, September 16, 2024 |
| Initiation of Refunds | Tuesday, September 17, 2024 |
| Credit of Shares to Demat | Tuesday, September 17, 2024 |
| Listing Date | Wednesday, September 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |