Business Standard

Innomet Advanced Materials Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

34.24 cr

Price Range (₹)

100

Lot Size

1200

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

11-Sept-2024

Close Date

13-Sept-2024

Listing Date

18-Sept-2024

Innomet Advanced Materials Ltd News

    The Shares of Innomet Advanced Materials Ltd have now been listed.

    Innomet Advanced Materials Ltd IPO Details

    Initial public offering of 34,23,600 equity shares of Rs. 10/- each (Equity Shares) of Innomet Advanced Materials Limited (IAML or the Company) for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share (the Issue Price), aggregating to Rs. 34.24 crores (The Issue). Out of the issue 1,71,600 equity shares aggregating to Rs. 1.72 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 32,52,000 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 32.52 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.46 % and 25.13 %, respectively, of the post issue paid up equity share capital of the company.

    Objective of issue

    Funding working capital requirements of the company. Funding of capital expenditure requiremnts of the company towards purchase of machinery and equipment. Repaymenr or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions. General corporate purposes.

    Innomet Advanced Materials Ltd Contact Details

    Innomet Advanced Materials Ltd, A/505 Dattani Plaza, A K Road Safeed Pool, Andheri (East), Mumbai - 400072

    Phone - 91-22-49721245

    Fax -

    Email - cs@innomet.net

    Website - www.innomet.net