Innomet Advanced Materials IPO
Innomet Advanced Materials Ltd
₹1,20,000 /1200 sharesMinimum Investment
Innomet Advanced Materials IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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11 Sep ‘24 - 13 Sep ‘24 | ₹1,20,000 | 1,200 | ₹100 - ₹100 |
Qualified Institutional Buyers | 0.00x |
Non-Institutional Investor | 0.00x |
Retail Individual Investor | 0.00x |
Total | 272.80x |
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.;
Managing director
Vinay Choudary Chilakapati
Parent organisation
Innomet Advanced Materials Ltd
Strengths & Financials of Innomet Advanced Materials
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.
Innomet Advanced Materials Financials
*All values are in Rs. Cr
Application Details of Innomet Advanced Materials IPO
Apply as | Price band | Apply Range |
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Regular | ₹100 - 100 | ₹2 - 5 Lakh |
High Networth Individual | ₹100 - 100 | ₹2 - 5 Lakh |
For Innomet Advanced Materials IPO, eligible investors can apply as Regular.