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Innomet Advanced Materials IPO: Review, valuation, Date & GMP

  


Innomet Advanced Materials IPO-Complete Overview

Innomet Advanced Materials IPO an SME IPO is a fixed price issue of Rs.34.24 crore by Innomet Advanced Materials Ltd. which was founded in 1984 and produces tungsten heavy alloys and metal powders. It is divided into two divisions.

1. Innomet Powders

2. Innotung.

When it comes to the production and distribution of Tungsten Heavy Alloy components and ferrous and non-ferrous metal/alloy powders, Innomet conforms with ISO 9001:2015 Quality Management System Standard.

The company supplies powders made of copper, bronze, brass, nickel, tin, and stainless steel to a variety of industries. Its product line consists of more than 20 items. Custom grades of metal and alloy powders incorporating iron, copper, nickel, tin, zinc, and cobalt are their area of expertise.

In addition to the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon, and Brunei, the company has exported its products to India.

This new SME IPO is to be launched on 11 September 2024, and its ‘initial public offering’ will end on 13 September 2024.

 

Innomet Advanced Materials IPO Overview

The Rs.34.24 crore Innomet Advanced Materials Ltd. IPO consists of an entirely fresh issue of 34.24 lac Shares.

This SME IPO date is from September 11-September 13, 2024. The expected IPO listing date is Wednesday, September 18, 2024, on NSE and SME. Innomet Advanced Materials IPO price band is Rs.100 for each Share.

 

Company Financial

The company’s revenue grew by 9% and PAT decreased by 22% for FYs between 31 March 2024 and 31 March 2023. Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

  • The total assets of the company are Rs.3,416.76 lac.

  • The total revenue of the company is Rs.2,955.45 lac.

  • The company’s PAT is Rs.251.91 lac.

  • The net worth of the company is Rs.1,472 lac.

  • The company’s EBITDA is Rs.494.86 lac.

 

(Amount in lac)

Period

31 Mar 2024

31 Mar 2023

31 Mar 2022

Total Assets 

3,416.76

1,213.68

974.01

Total Revenue

2,955.45

2,714.78

2,240.35

PAT

251.91

321.55

55.17

Net Worth

1,472

705.94

379.78

Total Reserves & Surplus

520.35

417.62

91.46

Borrowings

1,331.29

1,209.5

981.51

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

Net Cash Flow In Multiple Activities

31 Mar 2024

31 Mar 2023

31 Mar 2022

Net Cash Flow Operating Activities

217.78

352.99

-17.79

Net Cash Flow Investing Activities

-624.79

-472.44

-271.54

Net Cash Flow Financing Activities

398.81 

118.15 

288.13

 

Product-wise Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

Product

2023-2024

2022-2023

2021-2022

MP (kg)

THA (Nos)

MP (kg)

THA (Nos)

MP (kg)

THA (Nos)

Sales Division wise 

2290.37

608.82

2,173.28 

539.65 

1,925.90 

312.52 

Total Sales for the year

2899.19

2,712.93

2,238.42 

Total Exports Division-wise 

202.60

11.05

71.41

126.32 

147.01

146.11 

Total Exports for the year 

213.66 

-

197.73 

-

293.12 

-

Domestic 

2087.77

597.76

2,101.87 

413.34 

1,778.89

166.41 

International 

202.60

11.05

71.41

126.32

147.01

146.11

Total 

2290.37 

608.82

2,173.28

539.65

1,925.90 

312.52 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

  • Meeting the company's demand for working capital

  • Financing the company's capital expenditure needs for the acquisition of machinery and equipmen

  • Payback or prepayment, in full or in part, of all or a portion of the company's outstanding bank and financial institution borrowings

  • Issue cost

  • General corporate purposes.

 

Peers of Innomet Advanced Materials Ltd.

There are no listed companies in India engaged in the same business of comparable size.

 

Evaluation

Innomet Advanced Materials IPO price is Rs.100 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.2.65 from the last year, the resulting P/E ratio is 37.73x.

Considering the weighted EPS of Rs.5.36 for the last three years, the P/E ratio is 18.66x.

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

 

IPO's Strengths 

  • Improved operational efficiency

  • Large and complex project handling experience

  • Multi-year relationships with most customers

  • Dedicated technical and functional team to provide solutions to our customers

  • An experienced management team with the ability to scale up and expand into new opportunities.

 

IPO’s Weaknesses

  • The factories require a large amount of power to run continuously. Its business may be impacted by any interruptions to the operations caused by power outages or by sudden, large increases in electricity rates.

  • Additionally, technological advancements may render its products and equipment less competitive or outdated.

  • The business could be negatively impacted by major disruptions to information technology systems or security breaches.

  • The company had a negative cash flow from its operating, financing, and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

To open a demat account and apply for the IPO, Click Here.

Innomet Advanced Materials IPO GMP Today

Innomet Advanced Materials IPO GMP is Rs.0 as of 09 September 2024.

IPO Timetable (Tentative)

The Innomet Advanced Materials IPO date is from September 11 to September 13, 2024, with allotment on September 16, refund initiation on September 17, and listing on September 18, 2024.

Events 

Date

IPO Opening Date

September 11, 2024

IPO Closing Date

September 13, 2024

IPO Allotment Date 

September 16, 2024

Refund Initiation 

September 17, 2024

IPO Listing Date

September 18, 2024

 

Innomet Advanced Materials IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 11, 2024, close on September 13, 2024, and offer a total issue size of 34,23,600 Shares (aggregating up to Rs.34.24 Cr.).

IPO Opening & Closing date 

September 11, 2024 to September 13, 2024

Face Value 

Rs.10 per Share

Issue Price

Rs.100. 

Lot Size

1200 Shares

Issue Size

34,23,600 Shares (aggregating up to Rs.34.24 Cr.).

Offer for Sale 

NA.

Fresh Issue 

34,23,600 Shares (aggregating up to Rs.34.24 Cr.).

Listing at

NSE, SME

Issue Type 

Fixed Price Issue IPO

Registrar 

Skyline Financial Services Private Ltd.

 

Innomet Advanced Materials IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,40,000.

Minimum Lot Investment (Retail) 

1 Lot

Maximum Lot Investment (Retail) 

1 Lot

HNI (Min)

2 Lots

 

Innomet Advanced Materials IPO Reservation

Retail Shares’s Portion

50%

Other’s Portion

50%

 

Promoters And Management of Innomet Advanced Materials Ltd.

  • Lakshmi Kanthamma Chilakapati

  • Saritha Devi Chilakapati

  • Vinay Choudhary Chilakapati.

Pre-Issue Promoter Shareholding

74.52%

Post-Issue Promoter Shareholding

54.80%

 

IPO Lead Managers

  • Expert Global Consultants Private Limited.

 

Dividend Policy

The company has not paid dividends in the last three years.

 

Conclusion

The company has experienced negative cash flow in operating and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

Click Here to stay updated with the Upcoming IPOs.

 

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Frequently Asked Questions

+

Rs.100 per Share.

 

+

Yes

+

The IPO's total issue size is 34,23,600 Shares (aggregating up to Rs.34.24 Cr.)

+

The IPO closing date is September 13, 2024.

+

The money from the IPO is to be used to pay for meeting the company's demand for working capital, financing the company's capital expenditure needs for the acquisition of machinery and equipment, payback or prepayment, in full or in part, of all or a portion of the company's outstanding bank and financial institution borrowings, and issue cost, and corporate purposes.



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