
Capital Goods / Industrial Materials · NSE
Innomet Advanced Materials Limited, established in 1984, is a leading manufacturer of metal powders and tungsten heavy alloys, operating through its two key divisions—Innomet Powders and Innotung. The Innomet Powders division produces a wide range of metal powders including copper, bronze, brass, nickel, tin, and stainless steel, offering custom formulations to meet diverse industrial requirements, while the Innotung division manufactures high-density tungsten heavy alloys used in high-performance applications. With ISO 9001:2015 certification, the company ensures strong quality management across its ferrous and non-ferrous powder products and tungsten alloy components. Innomet serves customers globally across India, the US, UK, Germany, Japan and other regions, and employed 56 people as of March 31, 2024.
Price Band
₹100
Issue Size
₹34.24 Cr
Lot Size
1200 shares
GMP
+95.0%
Est. Listing
₹195
at current GMP
Subscribed
297.45x
overall
Open
11 Sep 2024
Close
13 Sep 2024
Allotment
16 Sep 2024
Refund
17 Sep 2024
Demat Credit
18 Sep 2024
Listing
18 Sep 2024
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
16 Sep 2024
Basis finalization
Refunds Initiate
17 Sep 2024
Mandate release
Demat Credit
18 Sep 2024
Shares in demat
Listing Debut
18 Sep 2024
Trading begins
Innomet Advanced Materials Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Materials sector with an aggregate issue size of ₹34.24 Crores. The shares are offered at a price band of ₹100 to ₹100 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-18, while un-allotted funds or UPI block mandates will be released on 2024-09-17.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.