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Issue Open Date
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11-Sep-24
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Issue Closing Date
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13-Sep-24
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Application Money
|
100
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Allotment Money
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Price Band
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100
-
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Minimium Application No.
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1200
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Issue Size (Shares)
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3423600
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Market Lot
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1
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Objective
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b) Funding of capital expenditure requirements of our Company towards purchase of machinery andequipment;c) Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowingsavailed by our Company, from banks and financial institutions;d) General corporate purposes; ande) Issue Expenses
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
|
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511826400
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Qualified Institutional Buyers
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86361600
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Retail Individual Investors
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86361600
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Business Description:
Manufacture of “METAL POWDERS & TUNGSTEN HEAVY ALLOYS” comes under the gamut of“POWDER METALLURGY”. The Company has all the necessary infrastructure for the developmentand manufacture of Metal Powders and Tungsten Heavy Alloys. To update ourselves technologically,the Company associates with the senior most scientists in the world and with renowned ResearchOrganisations in India for continuous development of various Powder Metallurgy (PM) products. TheCompany has also started/conducted in-house experiments to develop products required by the endusers. Innomet has been found to be in conformity with the Quality Management System Standard: ISO9001:2015 with a scope of manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powdersand Tungsten Heavy Alloy components.
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Promoter's Holding
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Total Share Capital
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8591338
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Offered to Public
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3424000
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Promoter's Holding (Pre-Issue)
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90.28
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Promoter's Holding (Post-Issue)
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54.8
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Address |
B-31
Bhel Ancillary Industrial Estate
Ramachandrapuram
Medak
Hyderabad
,
Telangana
,
502032
Phone :
040-23021726
Email :
cs@innomet.net
Website :
www.innomet.net
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Registrar |
Skyline Financial Services Pvt Ltd
A/505
Dattani Plaza
Andheri Kurla Road
Safeed Pool
Andheri East
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Expert Global Consultants Pvt Ltd.
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Promoters |
Lakshmi Kanthamma Chilakapati
Saritha Devi Chilakapati
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