Innomet Advanced Materials IPO subscription status started on September 11, 2024, and closed on September 13, 2024. The company aims to raise approximately ₹33.24 crore via this IPO. The retail quota is 50%, and NII is 50%. The price band is fixed at ₹100 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,20,000. Innomet Advanced Materials is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
Innomet Advanced Materials Limited, established in 1984, is a global supplier specializing in a broad range of ferrous and non-ferrous metal and alloy powders. This includes Copper, Nickel, Bronze, Stainless Steel, Brass, Tin, Diamond Tool Matrix Powders, and many other customized powders. Notably, the company is renowned for producing Tungsten Heavy Alloy Components.
Furthermore, Innomet serves a diverse array of industries, such as water purification, pharmaceuticals, automobiles, rock cutting, diamond tools, petrochemicals, and coatings. The company benefits from robust infrastructure and collaborates with leading scientists and research organizations to drive continuous development.
The company operates through two main divisions:
- Innomet Powders
- Innotung
Moreover, Innomet adheres to the Quality Management System Standard ISO 9001:2015 for the manufacture and supply of Ferrous and Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. The company offers over 20 products, including copper, bronze, brass, nickel, tin, and stainless steel powders. Additionally, they specialize in producing custom grades of metal and alloy powders, which include iron, copper, nickel, tin, zinc, and cobalt.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Innomet Advanced Materials IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.21 | 3.63 | 367.77 |
| RII | 0.85 | 10.99 | 226.97 |
| Total | 0.53 | 7.77 | 323.92 |
IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Innomet Advanced Materials
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Innomet Advanced Materials IPO Form
To apply for the Innomet Advanced Materials IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 11, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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