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Innomet Advanced Materials Ltd. IPO
Innomet Advanced Materials Ltd., established in 2019, operates in the Ferro Alloys sector. The company's IPO opened on September 11, 2024 and closed on September 13, 2024, with an issue price of ₹100. ... Read more
IPO Timeline
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11 Sep 2024Bidding Starts
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13 Sep 2024Bidding Ends
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16 Sep 2024Allotment Finalization
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18 Sep 2024Listing
About Innomet Advanced Materials Ltd.
Our Company is engaged in the business of manufacture of Diamond Tools, Metal Powders (Ferrous, Non-Ferrous and their Alloys) and Tungsten Heavy Alloys (THA).
Innomet Advanced Materials Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Market Makers | 1,71,600 (9.55%) |
| Non Institutional Investors | 16,26,000 (90.45%) |
| Retail Individual Investors (RIIs) | 16,26,000 (90.45%) |
Innomet Advanced Materials Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 29.55 Cr | 2.52 Cr | 5.20 Cr |
| 31 Mar 2023 | 27.15 Cr | 3.22 Cr | 4.18 Cr |
| 31 Mar 2022 | 22.40 Cr | 55.17 Lakh | 91.46 Lakh |
Innomet Advanced Materials Ltd. Background
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1984M/s. Padmasree Enterprises
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1998Started a proprietorship called Prasad Innovations, engaged in the manufacture of Diamond Tools
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2005Diversified and concentrated into Metal / Alloy powder manufacturing
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2010Entered into advanced technological Tungsten Heavy Alloys space
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2018MoU with IIT Madras for Development of ODS alloys.
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2019Conversion of Partnership firm into private Limited Company in the name and style of “Innomet Advanced Materials Private Limited”
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2020Company has achieved a Turnover of more than ₹1000 Lakhs.
Entered into agreement with International Advanced Research Center for Powder Metallurgy and New Materials (ARCI) Hyderabad are partnering to co-develop a self-disinfecting paint namely Photocatalyst-assisted Copper Based Mineral Paint for Hospitals to fight against COVID-19.
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2022Company has achieved a Turnover of more than ₹2000 Lakhs.
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2023Conversion of our company from Private Limited to Public Limited Company in the name and style of “Innomet Advanced Materials Limited”
1. Working capital requirement
2. Capital expenditure requirements of our Company towards purchase of machinery and equipment
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
4. Issue Related Expenses
5. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | - | ₹ 100.00 |
| Open | - | ₹ 190.00 |
| Low | - | ₹ 190.00 |
| High | - | ₹ 199.50 |
| Last Trade | - | ₹ 199.50 |
1. Mrs. Lakshmi Kanthamma Chilakapati
2. Mrs. Saritha Devi Chilakapati
3. Mr. Vinay Choudhary Chilakapati
The work of our company falls under the industry of metal powder metallurgy. The global powder metallurgy market size was valued at USD 2.41 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.9% from 2023 to 2030. The increasing adoption of additive ... Read more
Phone no:23021726
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2. Capital expenditure requirements of our Company towards purchase of machinery and equipment
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
4. Issue Related Expenses
5. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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