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Innomet Advanced Materials IPO Debuts at ₹190 – A 90% Surge That Shocks the Market!

Innomet Advanced Materials' IPO debuted strongly, listing at ₹190 on the NSE SME, marking a 90% premium over its IPO price of ₹100.
Innomet Advanced Materials IPO Debuts at ₹190 - A 90% Surge That Shocks the Market!

Innomet Advanced Materials IPO saw a strong debut today, with shares listing at ₹190 on the NSE SME. This reflects a 90% premium over the IPO price of ₹100.

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The IPO was met with exceptional demand, closing 323.92 times oversubscribed. Bids totaled 105.34 crore shares for 32.52 lakh shares available. The retail segment was 226.97 times subscribed, while the ‘others’ category was 367.77 times oversubscribed.

Innomet Advanced Materials Limited, formerly M/s Padmasree Enterprises, transitioned from general engineering to specialized metal powders and tungsten alloys. Operating under Innomet Powders and Innotung brands, they supply a range of metal powders and tungsten products for defense, aerospace, and shielding sectors, supported by advanced R&D and ISO 9001:2015 standards.

The objective of Innomet Advanced Materials IPO is to raise capital for expanding operations, funding research and development, and strengthening the company’s market position. It aims to enhance growth opportunities and improve financial stability for Innomet Advanced Materials.

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रुपया मई के बाद का सबसे खराब सप्ताह का सामना कर रहा है: हालिया गिरावट के पीछे क्या है? जानें!

रुपया मई के बाद का सबसे खराब सप्ताह का सामना कर रहा है: हालिया गिरावट के पीछे क्या है? जानें!

भारतीय रुपया 83.9725 पर स्थिर रहा, जो मई के बाद का सबसे खराब साप्ताहिक प्रदर्शन है। यह बढ़ते शेयर बाजार