1) Innomet Advanced Materials IPO Size
The IPO is a greenfield equity issue of 34.23 lakh shares and through the issue, the company plans to raise Rs 34 crore.
2) Innomet Advanced Materials IPO Price Band
The company is offering its shares at Rs 100 each and investors can bid for 1200 shares in 1 lot.
3) Innomet GMP Advanced Materials
In the unlisted market, the company’s shares did not have GMP prior to the opening of the issue.
4) About Innomet Advanced Materials
The company is engaged in the business of manufacturing Diamond tools, Metal powders (Ferrous, Non-Ferrous and their Alloys) and Heavy Tungsten Alloys (THA).
5) Industry overview
The company operates in the powder metallurgy sector. The global powder metallurgy market size was valued at $2.41 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.9% from 2023 to 2030.
6) Financial performance of Innomet Advanced Materials
For the year ended March 2024, the company reported total revenue of Rs 29 crore and net profit of Rs 2.51 crore.
7) Objects of the offer
The net proceeds from the public offering will be used to cover working capital needs, capital expenditures for the purchase of machinery and equipment, repayment of debt, expenses related to the issuance and general corporate purposes.
8) Senior Managers and Registrar
Expert Global Consultants acts as the primary problem manager and Skyline Financial Services It’s the registrar.
9) Structure of the issue
Approximately 50% of the offering is reserved for retail investors and the remaining 50% for other investors.
10) Important dates
The IPO opened on September 11 and will close on September 13. Final allotment will likely take place on September 16. The company’s shares will likely begin trading on September 18.
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