Innomet Advanced Materials IPO: bid starts on Sept 11

Innomet Advanced Materials IPO

Innomet Advanced Materials IPO is scheduled between Wednesday, September 11 to Friday, September 13, 2024. The IPO is a fixed price issue of Rs. 34.23 crores. The issue is entirely a fresh issue of 34.23 lakh shares.

Innomet Advanced Materials IPO price band fixed at Rs. 100 per equity shares with a face value of Rs.10 per equity shares. The minimum order quantity of the issue is 1200 equity shares. The minimum amount required for retail investor is Rs. 1,20,000.

The allotment for the Innomet Advanced Materials is expected to finalized on Tuesday, September 17. Innomet Advanced Materials IPO will list on and NSE SME with tempting date fixed as Thursday, September 19, 2024.

Expert Global Consultants Private Limited is book running lead manager of the issue. Axis Bank Limited is sponsor bank of the IPO. Skyline Financials Services Private Limited is registrar of the issue.

The Objects of the issue are:-

  1. Funding working capital requirements of the Company;
  2. Funding of capital expenditure requirements of the company towards purchase of machinery and equipment;
  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;
  4. General corporate purposes; and
  5. Issue Expenses

Financials –

Innomet Advanced Materials (https://www.innomet.net/) revenue has increased by 6.33% and profit after tax (PAT) rose up by staggering 695.6% in Financial Year 2024, as compared to FY2023.

Particulars31 Mar 202431 Mar 202331 Mar 2022
Net Worth1472.00705.94379.78
Revenue2,955.452,714.782,240.35
PAT251.91321.5555.17
PAT Margin13.28%11.85%2.46%
Total Borrowing1331.291,209.5981.51
Amount in Rs. Lakhs

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