Innomet Advanced Materials ltd IPO

Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys.

The company has two divisions.

  1. Innomet Powders.
  2. Innotung.

Innomet complies with the Quality Management System Standard: ISO 9001:2015 for the manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components.

The company offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, and cobalt.

The company has supplied its products in India as well as in US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.

As of March 31, 2024, the company has 56 employees in various departments.

Innomet Advanced Materials Limited Financial Information (Restated)

Innomet Advanced Materials Limited’s revenue increased by 9% and profit after tax (PAT) dropped by -22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,416.761,213.68974.01
Revenue2,955.452,714.782,240.35
Profit After Tax251.91321.5555.17
Net Worth1,472705.94379.78
Reserves and Surplus520.35417.6291.46
Total Borrowing1,331.291,209.5981.51
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Innomet Advanced Materials IPO is Rs 129.4 Cr.

KPI as of March 31, 2024.

KPIValues
ROE21.37%
ROCE16.27%
Debt/Equity1.27
RoNW17.11%
 Pre IPOPost IPO
EPS (Rs) 2.651.95
P/E (x) 37.7851.37
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Innomet Advanced Materials IPO Objectives)

The Company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following object:

  1. Funding working capital requirements of the Company;
  2. Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment;
  3. Repayment or prepayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions;
  4. General corporate purposes; and
  5. Issue Expenses

Innomet Advanced Materials IPO Details

IPO DateSeptember 11, 2024 to September 13, 2024
Listing Date[.]
Face Value₹10 per share
Price₹100 per share
Lot Size1200 Shares
Total Issue Size3,423,600 shares
(aggregating up to ₹34.24 Cr)
Fresh Issue3,423,600 shares
(aggregating up to ₹34.24 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue9,516,538
Share holding post issue12,940,138
Market Maker portion171,600 shares

Innomet Advanced Materials IPO Promoter Holding

The promoters of the company are Lakshmi Kanthamma Chilakapati, Saritha Devi Chilakapati and Vinay Choudhary Chilakapati.

Share Holding Pre Issue74.52%
Share Holding Post Issue54.80%

SHARIAH SCREENING for - Innomet Advanced Materials Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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