Innomet Advanced Materials Ltd

Innomet Advanced Materials IPO

Innomet Advanced Materials Ltd

₹1,20,000 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,20,000
Price range
₹100 - ₹100
Lot size
1,200
Issue size
34.24 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total272.80x
As of 13 Sep'24, 05:00 PM

Schedule

11 Sep 2024
IPO open date
13 Sep 2024
IPO close date
16 Sep 2024
Allotment date
16 Sep 2024
Funds unblock or debit
18 Sep 2024
Tentative listing date

About

Innomet Advanced Materials was initially a manufacturer of diamond tools and later, through backward integration, started manufacturing metal powders, including ferrous, non-ferrous, and alloys. The company operates two divisions: Innomet Powders and Innotung. Innomet Powders offers 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders. The brand also produces customised grades of metal/alloy powders containing iron, copper, nickel, tin, zinc, and cobalt. Innotung is the brand name for the company's tungsten-heavy alloy series. Innomet supplies these materials in different forms, such as bars, plates, cubes, and spheres, and components of varying sizes and shapes.;
Founded in
1984
MD/CEO
Vinay Choudary Chilakapati
Parent organisation
Innomet Advanced Materials Ltd

Innomet Advanced Materials Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
22.3827.1328.99202220232024

Strengths & Risks

Strengths
Risks
Innomet Advanced Materials holds ISO 9001:2015 certification for quality management systems.
The company serves both domestic and international markets, with customers in the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon, and Brunei, among others.
Its client portfolio includes names such as Tata Steel, BPCL, Kirloskar Brothers, HAL, and Bharat Forge, among others.
The company has seen a consistent increase in revenue from operations over the years. It increased from Rs 22.38 crore in FY22 to Rs 27.13 crore in FY23 to Rs 28.99 crore in FY24.
The company, its promoters, and its directors are currently involved in outstanding litigation. Any adverse judgments in any of these cases can hurt the company’s business.
The company requires a high amount of uninterrupted power for smooth operations. Any interruptions in the power supply or an increase in power tariffs could adversely impact the company’s performance and finances.
Innomet does not have long-term agreements with its suppliers or customers. The loss of key clients or a decrease in their demand for its products could severely affect the company’s operations and finances.
The company's success relies on the availability of timely and cost-effective transportation and logistics services. Any disruptions in these services can adversely affect the company’s operations and performance.
As of March 31, 2024, the company had unsecured loans amounting to Rs 6.50 crore. Any inability to service or repay these loans on time can negatively impact the finances of the company.

Application details

For Innomet Advanced Materials IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹100 - ₹100₹2 - ₹5 Lakhs1200
High Networth Individual₹100 - ₹100₹2 - ₹5 Lakhs1200

Frequently Asked Questions