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SME IPO Status: Listed [11th Sep 2024 to 13th Sep 2024]
Innomet Advanced Materials IPO, a SME IPO of ₹34.24 Cr was launced on 11-09-2024 to 13-09-2024 and the shares got listed on NSE SME on 18-09-2024.
The public issue of Innomet Advanced Materials IPO (INNOMET) was offered at ₹100.00 per share and the ipo was listed at ₹190.00. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 108000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 11th Sep 2024 |
| SME IPO Issue Closing Date: | 13th Sep 2024 |
| SME IPO Issue Price: | ₹100.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹34.24 Cr |
| Fresh Issue: | ₹34.24 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 74.52% |
| Promoter Holding Post IPO: | 54.80% |
| Allotment Status: | Allotment Status |
| NSE Code: | INNOMET |
Get important updates regarding Innomet Advanced Materials SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Sep 2024 |
| Refunds Initiation* | 17th Sep 2024 |
| Credit of Shares to Demat* | 17th Sep 2024 |
| SME IPO Listing Date* | 18th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹100.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹240000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 18-09-2024 | 100.00 | 95 | 86600 | ₹195 (95%) | 18-Sep-2024 10:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Innomet Advanced Materials Limited was founded in March 1984. The company is engaged in the manufacture of diamond tools and later started manufacturing metal powders (ferrous and non-ferrous metals and their alloys) through backward integration. Further research and development work led to the production of tungsten heavy metal alloys (THA).
The production of “metal powders and tungsten heavy metal alloys" falls under the “Powder Metallurgy" division. The company has the necessary infrastructure for the development and production of metal powders and tungsten heavy metal alloys. To stay at the cutting edge of technology, the company collaborates with the best scientists in the world and renowned research institutions in India to continuously develop various powder metallurgy products.
Innomet has 2 business units with the following brand names.
The company has also started/conducted its trials to develop products that are required by the end users. Innomet fulfils the requirements of the quality management system standard. for the manufacture and supply of ferrous and non-ferrous metal/alloy powders and tungsten heavy alloy components.
| Incorporation | Sector | IPO Issue Size | Website |
| 1984 | Chemical Industry | ₹34.24 Cr | https://www.innomet.net/ |
The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following object:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,626,000 (50%) | 1,626,000 (50%) | 3,252,000 | |
| 1 | 11th Sep 2024 19:32 | 0.21x | 0.85x | 0.53x |
| 2 | 12th Sep 2024 19:31 | 3.63x | 10.99x | 7.77x |
| 3 | 13th Sep 2024 18:21 | 367.77x | 226.97x | 323.92x |
Innomet Advanced Materials Limited's revenue increased by 9% and profit after tax (PAT) dropped by -22% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,416.76 | 1,213.68 | 974.01 | |||||||||||||||||||||||||||
| Revenue | 2,955.45 | 2,714.78 | 2,240.35 | |||||||||||||||||||||||||||
| Profit After Tax | 251.91 | 321.55 | 55.17 | |||||||||||||||||||||||||||
| Net Worth | 1,472 | 705.94 | 379.78 | |||||||||||||||||||||||||||
| Reserves and Surplus | 520.35 | 417.62 | 91.46 | |||||||||||||||||||||||||||
| Total Borrowing | 1,331.29 | 1,209.5 | 981.51 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Innomet Advanced Materials SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Innomet Advanced Materials SME IPO with Zerodha.
Alternate approch to apply in Innomet Advanced Materials SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Innomet Advanced Materials SME IPO Review and Important Updates
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To subscribe or apply in Innomet Advanced Materials SME IPO, you can use the following methods:
| Innomet Advanced Materials SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Innomet Advanced Materials SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Innomet Advanced Materials SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Innomet Advanced Materials SME IPO. Most of the Syndicate Banks provide access to apply in Innomet Advanced Materials IPO via ASBA process. You must have your net banking access, DP ID information to apply in Innomet Advanced Materials SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Innomet Advanced Materials SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Innomet Advanced Materials SME IPO Review and Important Updates
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Innomet Advanced Materials SME IPO is going to be list on 18-09-2024. NSE Code for Innomet Advanced Materials is INNOMET.
Other relevant questions:
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Innomet Advanced Materials SME IPO Allotment Date is 16-09-2024.
Other relevant questions:
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