Innomet Advanced Materials Limited IPO has a ₹0 Grey Market Premium as of September 10 , 2024, with a price range from ₹100 per share. Offering lots of 1200 shares, the subscription window is open from September 11 to September 13, 2024.
Innomet Advanced Materials Limited IPO GMP Today
The Grey Market Premium (GMP) for Excellent Wires and Packaging Limited is ₹0 as of September 10, 2024. This assessment coincides with a price of ₹100 per share for the IPO.
Innomet Advanced Materials Limited IPO Review
Innomet Advanced Materials Ltd has shown mixed financial performance. Revenue grew from ₹2,238.42 lakhs in March 2022 to ₹2,899.19 lakhs by March 2024. Profitability improved significantly, with PAT rising from ₹55.17 lakhs to ₹251.91 lakhs. EPS increased to ₹2.65, and RoNW grew to 17.11%.
Despite positive growth, there are concerns. The debt-equity ratio has decreased, indicating less reliance on debt. However, weakening liquidity, as shown by a declining current ratio, and a drop in the Inventory Turnover Ratio suggest potential inefficiencies in inventory management and meeting short-term obligations.
To get a full IPO review, click here Innomet Advanced Materials IPO
Innomet Advanced Materials Limited IPO Date
Innomet Advanced Materials Limited will start accepting subscriptions from September 11, 2024, to September 13, 2024.
Innomet Advanced Materials Limited IPO Price
Innomet Advanced Materials Limited’s price range is from ₹100 per share with a face value of ₹10 each.
Innomet Advanced Materials Limited
Innomet Advanced Materials Limited, formerly M/s Padmasree Enterprises, transitioned from general engineering to specialised production of metal powders and tungsten heavy alloys. Known for its Innomet Powders and Innotung brands, the company supplies over 20 metal and alloy powders globally, serving industries like defence, aerospace, and radiation shielding with advanced Tungsten products and Tungsten Copper Alloys.
How To Apply For Innomet Advanced Materials Limited IPO?
To apply for the Innomet Advanced Materials Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Innomet Advanced Materials Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Innomet Advanced Materials Limited IPO at Alice Blue in just a few clicks!