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Innomet Advanced Materials IPO
Price Band
₹
Issue Size
₹34.24 Cr
Lot Size
1,200 shares
Min Investment
₹120,000
GMP
+₹95.0 (95.0%)
Issue Price
₹100.0
Subject to Sauda
₹86600
Paid only if allotted
Innomet Advanced Materials IPO AI Summary
- Innomet Advanced Materials IPO is listed on NSE SME in the Diversified Metals sector.
- Subscription window: 11 Sep–13 Sep 2024, listing on 18 Sep 2024.
- Current GMP is +₹95.0 (95.0%) — unofficial and can change daily.
Innomet Advanced Materials Limited is entering the market with an IPO to raise funds for working capital, capital expenditures, and debt repayment. The company has shown growth in total income over the past few years, although profit figures have fluctuated recently. With a GMP of ₹95.0, the market anticipates a favorable listing.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Innomet Advanced Materials IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 13 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Innomet Advanced Materials IPO Grey Market Premium (GMP) Today
GMP
+₹95.0
GMP %
+95.0%
Est. Listing
₹195.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys. The company has two divisions. Innomet Powders. Innotung. Innomet complies with the Quality Management System Standard: ISO 9001:2015 for the manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. The company offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, and cobalt. The company has supplied its products in India as well as in US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei. As of March 31, 2024, the company has 56 employees in various departments.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 34.17 | 12.14 | 9.74 |
| Total Income | 29.55 | 27.15 | 22.40 |
| Profit After Tax | 2.52 | 3.22 | 0.55 |
| NET Worth | 14.72 | 7.06 | 3.80 |
| Reserves and Surplus | 5.20 | 4.18 | 0.91 |
| Total Borrowing | 13.31 | 12.10 | 9.82 |
Key Ratios
EPS
₹2.65
NAV
₹15.73
ROE
21.37%
ROCE
16.27%
RoNW
17.11%
P/E Ratio
37.78
Market Cap
₹129.40 Cr
PAT Margin
8.52%
Debt/Equity
1.27
Promoters
Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati and Vinay Choudhary Chilakapati
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company; 11.60 2 Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment 7.88 3 Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, from banks and financial institutions; 2.09 4 General corporate purposes; and 8.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹22.40 Cr in 31 Mar 2022, rising to ₹27.15 Cr by 31 Mar 2023, and further increasing to ₹29.55 Cr by 31 Mar 2024.
Profit Trend
Profit After Tax was ₹0.55 Cr in 31 Mar 2022, increasing to ₹3.22 Cr by 31 Mar 2023, though it declined to ₹2.52 Cr by 31 Mar 2024. However, this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before the actual listing. A positive GMP suggests that the market anticipates the stock will list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable investments and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on September 11, 2024, and closes on September 13, 2024. Allotments will be finalized by September 16, 2024, with the listing expected on September 18, 2024.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions. While a positive GMP may suggest potential gains, investors should be aware that prices can fluctuate significantly on the listing day.
This evaluation is generated from Innomet Advanced Materials's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Innomet Advanced Materials IPO GMP today?
Innomet Advanced Materials IPO GMP today is +₹95.0 (95.0%). GMP is an unofficial grey-market indicator and can change daily.
When does Innomet Advanced Materials IPO open and close?
Innomet Advanced Materials IPO opens on 11 September 2024 and closes on 13 September 2024.
When does Innomet Advanced Materials IPO list on the stock exchange?
Innomet Advanced Materials IPO listed on 18 September 2024 at ₹195.0.
What is the lot size for Innomet Advanced Materials IPO?
The lot size for Innomet Advanced Materials IPO is 1200 shares, requiring a minimum investment of ₹120,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹100.0.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
What is the expected listing date?
The expected listing date is September 18, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the stock on its listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Sep 2024
Close
13 Sep 2024
Allotment
16 Sep 2024
Listing
18 Sep 2024
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