Innomet Advanced Materials Limited IPO GMP, Grey Market Premium, Review, Lot Size, Price Band | The month of September has brought gifts for IPO investors. Strong IPOs are being listed continuously this month. Whether we talk about mainline IPO or SME IPO. In this article you will know about Innomet Advanced Materials Limited IPO GMP, Review, Lot Size, Price Band and other information.
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Innomet Advanced Materials Limited IPO
Meanwhile, another SME IPO is getting good response. Let us tell you that the IPO of Innomet Advanced Materials Limited, which opened on September 11, got 7.75 times subscription at the end of the second day of subscription.
According to the report of Economics Times, retail category was subscribed 10.96 times and NII category 3.63 times. The issue received 0.53 times subscription on the first day.
Innomet Advanced Materials IPO Issue Size
Let us tell you that Innomet Advanced Materials Limited IPO is a book built issue of Rs 34.24 crore. This is a completely fresh issue of 34.24 lakh shares.
If we talk about the business of the company, Innomet Advanced Materials Limited manufactures metal powder and tungsten heavy alloy. The company offers a diverse range of over 20 products including copper, bronze, nickel, brass, tin and stainless-steel powders for various industries.
Innomet Advanced Materials IPO Promoters
The promoters of the company are Lakshmi Kanthamma Chilakapati, Sarita Devi Chilakapati and Vinay Chaudhary Chilakapati.
Innomet Advanced Materials Limited IPO Lot Size
The price of Innomet Advanced Materials Limited IPO is Rs 100 per share. The minimum lot size with one application is 1200 shares. The minimum investment amount for retail investors is Rs 1 lakh 20 thousand.
Innomet Advanced Materials Limited IPO GMP
According to market analysts, Innomet Advanced Materials Limited IPO GMP in the unlisted market is Rs 90, which is 90 percent more than the cap price.
Innomet Advanced Materials Limited IPO Revenue
If we talk about the company’s revenue, then between the financial year ending 31 March 2024 and 31 March 2023, Innomet Advanced Materials Limited’s revenue increased by 9% and profit after tax (PAT) declined by -22%. I. In the year 2024, the company’s revenue was Rs 29.55 crore and profit after tax was Rs 2.51 crore.
Innomet Advanced Materials Limited IPO Lead Manager And Registrar
Expert Global Consultants Private Limited is the book running lead manager of this IPO. Skyline Financial Services Private Limited is the registrar to the issue.
What Is Innomet Advanced Materials Limited IPO GMP?
According to market analysts, Innomet Advanced Materials Limited IPO GMP in the unlisted market is Rs 90, which is 90 percent more than the cap price.