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IPO

IPO Details


Innomet Advanced Materials Ltd
Registered Office: B-31 Bhel Ancillary Ind.Estate, Ramachandrapuram Medak, Hyderabad - 502032, Telangana
Phone: +91 040 2302 1726
Email: cs@innomet.net
Website: www.innomet.net
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.
Issue Money Payable On
Opens On Closes On Application Allotment
11-Sep-2024 13-Sep-2024 ₹ 100.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 30.07 Expert Global Consultants Pvt Ltd
Project Financed through Current Offer 34.24
Post Issue Equity Share Capital 12.94
Issue Price ₹100.00
Projects
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
Promoted By
Lakshmi Kanthamma Chilakapati
Saritha Devi Chilakapti
Vinay Chowdhary Chilakapati
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)