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Innomet Advanced Materials Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Innomet Advanced Materials Ltd IPO

Registered Office: B-31 Bhel Ancillary Ind.Estate,Ramachandrapuram Medak , Hyderabad - 502032 , Telangana , India.
Phone : +91 040 2302 1726   Fax:
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-24 13-Sep-24 (Rs)100.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs 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 (Rs)100.00  
 
Projects
Funding working capital requirements of the companyRepaymenr 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
Funding of capital expenditure requiremnts of the company towards purchase of machinery and equipmentGeneral 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