Issue Price
₹100
Per Share
GMP
NIL
Grey Market
Est. Listing
₹100
Expected Price
Min. Application
₹240,000
2 lots × 1200 shares
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.The company has two divisions.Innomet Powders.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 US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.As of March 31, 2024, the company has 56 employees in various departments.
Innomet Advanced Materials Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 171,600 | — | ₹1.72 Cr | — |
| TOTAL | 3,423,600 | 100.00% | ₹34.24 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| sNII (Min) | 14 | 16,800 | ₹1,680,000 |
| bNII (Min) | 68 | 81,600 | ₹8,160,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 2955.45 | 2714.78 | 2240.35 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 251.91 | 321.55 | 55.17 |
| Net Worth | 1472.00 | 705.94 | 379.78 |
| Total Assets | 3416.76 | 1213.60 | 974.01 |
| Reserves & Surplus | 520.35 | 417.62 | 91.46 |
| Total Borrowings | 1331.29 | 1209.50 | 981.51 |