Issue Price
₹100
per equity share
Issue Size
34.24 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
Innomet Advanced Materials Limited
Important Dates
IPO Open Date
11 Sep 2024
IPO Close Date
13 Sep 2024
Allotment Date
16 Sep 2024
Initiation of Refunds
17 Sep 2024
Credit of Shares to Demat Account
17 Sep 2024
IPO Listing Date
18 Sep 2024
UPI Mandate Expiry Date
13 Sep 2024
IPO Details
Innomet Advanced Materials Limited IPO is open for subscription from Wednesday, September 11, 2024, and closes on Friday, September 13, 2024. The price for this IPO is set at Rs 100 per share. Innomet Advanced Materials Limited IPO is offering entirely a fresh issue of 34.23 lakh equity shares worth up to Rs 34.24 crore equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 16, 2024. The listing of this IPO will be done on Wednesday, September 18, 2024, at the NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 120,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 2400 shares amounting to Rs 240,000. The IPO is managed by Expert Global Consultants Private Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.
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Check Allotment StatusAbout Innomet Advanced Materials Limited
Innomet Advanced Materials Limited, incorporated in 1984, specialises in manufacturing metal powders and tungsten heavy alloys. The company operates two divisions, Innomet Powders and Innotung, producing a diverse range of products such as copper, bronze, brass, nickel, tin, and stainless-steel powders, along with custom grades designed for specific industrial applications.
Innomet is ISO 9001:2015 certified, ensuring high standards in its manufacturing processes. Its products are supplied across India and internationally, reaching markets in the US, UK, Germany, Japan, and Italy. As of March 31, 2024, the company employs 56 people across various departments.
Parent Organisation
-
Founded
1984
Managing Director
Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati and Vinay Choudhary Chilakapati
IPO Objectives
The company proposes to utilise the proceeds from the net issue for the various purposes including funding for working capital requirements, Capital Expenditure for machinery and equipment, Repayment/Prepayment in full or part of some bank and financial institution borrowings outstanding as on the date of this Information Memorandum, General corporate purposes and Issue-related expenses
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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