IPO Details
Bidding Dates
11 Sept 24 - 13 Sept 24
Price Range ₹
100 - 0
Total Equity
₹ 34.24Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
11 Sept 2024
Offer end
13 Sept 2024
Allotment
16 Sept 2024
Refund initiation
17 Sept 2024
Demat transfer
17 Sept 2024
Listing
18 Sept 2024
Offer start
11 Sept 2024
Offer end
13 Sept 2024
Allotment
16 Sept 2024
Refund initiation
17 Sept 2024
Demat transfer
17 Sept 2024
Listing
18 Sept 2024
About Company
Incorporated in 1984, Innomet Advanced Materials Limited specializes in the manufacturing of Metal Powders and Tungsten Heavy Alloys. The company operates through two divisions: Innomet Powders and Innotung. Innomet adheres to the ISO 9001:2015 Quality Management System Standard for the production and supply of ferrous and non-ferrous metal/alloy powders, as well as tungsten heavy alloy components. The company offers a diverse portfolio of over 20 products, including powders of copper, bronze, brass, nickel, tin, and stainless steel for various industries. They also focus on creating custom grades of metal and alloy powders incorporating iron, copper, nickel, tin, zinc, and cobalt. Innomet's products are distributed both domestically and internationally, with supplies reaching markets in the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon, and Brunei. As of March 31, 2024, the company employed 56 individuals across different departments.
Year Founded
29-01-2019
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 90.28 | 54.8 |
| Share Capital | 8591338 | 7091338 |
Offer to Public
34,24,000.00 Cr
Project Details
- Funding of capital expenditure requirements of our Company towards purchase of machinery - 68.436cr
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding - 25.195cr
- Funding working capital requirements of the Company - 115.97cr
Objectives
- b) Funding of capital expenditure requirements of our Company towards purchase of machinery andequipment
- c) Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowingsavailed by our Company, from banks and financial institutions
- d) General corporate purposes
- ande) Issue Expenses
Highlights
- The company boasts a management team with a proven track record of growth and expansion.
- Dedicated technical and functional teams ensure efficient problem-solving and customer satisfaction.
- The company has a history of successfully managing large and complex projects.
- Strong, multi-year relationships with customers demonstrate trust and reliability.
- The company is committed to improving operational efficiency, promoting import substitution, and exploring emerging technologies like hydrogen and electric vehicles.
Challenges
- The company's history of negative cash flows indicates financial fragility and potential challenges in meeting operational expenses.
- The absence of personal interests for the directors and promoters beyond remuneration suggests a lack of alignment with shareholders.
- Employee misconduct, legal proceedings, and regulatory compliance issues could pose significant risks to the company's operations.
- The company's reliance on suppliers and customers without long-term agreements exposes it to potential disruptions and revenue fluctuations.
- The issuance of equity shares at lower prices in the past and potential discrepancies in industry information raise concerns about valuation and investor returns.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 3,416.76 | 951.65 | 251.91 | 251.91 | 2.6471 |
| 2021 | 1,240.97 | 188.32 | 20.12 | 20.12 | 0.5342 |
| 2022 | 1,588.95 | 288.32 | 20.12 | 20.12 | 0.5342 |
| 2023 | 2,257.19 | 288.32 | 251.91 | 251.91 | 2.6471 |
