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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹34.24 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹34.24 Cr |
| Fresh Issue | ₹32.52 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹100.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | INNOMET |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.
The company has two divisions.
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 21.37% |
| ROCE | 16.27% |
| Debt / Equity | 1.27% |
| RoNW | 17.11% |
| PAT Margin | 8.52% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.65 | 1.95 |
| P/E (x) | 37.78 | 51.37 |
| Promoter Holding | 74.52% | 54.8% |
| Market Cap | ₹129.40 Cr. | |
