Innomet Advanced Materials Limited

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.