Innomet Advanced Materials Limited IPO GMP

Innomet Advanced Materials is an manufacturer of of “METAL POWDERS & TUNGSTEN HEAVY ALLOYS” comes under the gamut of “POWDER METALLURGY”. The Company has all the necessary infrastructure for the development and manufacture of Metal Powders and Tungsten Heavy Alloys. 

Innomet Advanced Materials, an Fixed Price Issue amounting to ₹34.23 Crores, consisting entirely an Fresh Issue of 34.23 Lakh Shares. The subscription period for the Innomet Advanced Materials IPO opens on September 11, 2024, and closes on September 13, 2024. The allotment is expected to be finalized on or about September 16, 2024; Monday, and the shares will be listed on the NSE SME with a tentative listing date set on or about September 18, 2024; Wednesday.

The Share price of Innomet Advanced Materials IPO is set at ₹100 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹120,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹240,000.

EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the Issue. Prabhat Financial Services Limited is the sole Market Marker for the Innomet Advanced Materials IPO.

Innomet Advanced Materials Limited IPO GMP Today
The Grey Market Premium of Innomet Advanced Materials Limited IPO is expected in the range of ₹35 to ₹40 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Innomet Advanced Materials Limited IPO Live Subscription Status Today
As of 04:00 PM on 12 September 2024, the Innomet Advanced Materials Limited IPO live subscription status shows that the IPO subscribed 4.81 times on its Second day of subscription period. Check the Innomet Advanced Materials Limited IPO Live Subscription Status Today at NSE.

Innomet Advanced Materials Limited IPO Allotment Status
Innomet Advanced Materials IPO allotment date is 16 September, 2024, Monday. Innomet Advanced Materials IPO Allotment will be out on 16th September 2024 and will be live on Registrar Website from the allotment date. Check Innomet Advanced Materials Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Innomet Advanced Materials Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Innomet Advanced Materials Limited IPO
Innomet Advanced Materials Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
a) ₹1159.70 Lakhs is required for Funding working capital of the Company; 
b) ₹788.20 Lakhs is required for Funding of capital expenditure of the Company towards purchase of machinery and equipment; 
c) ₹209.19 Lakhs is required for Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by their Company, from banks and financial institutions; 
d) ₹850.00 Lakhs is required for General corporate purposes; and 
e) ₹416.51 Lakhs is required for Issue Expenses

Refer to Innomet Advanced Materials Limited RHP for more details about the Company.