{"id":24849,"date":"2024-09-11T13:05:18","date_gmt":"2024-09-11T07:35:18","guid":{"rendered":"https:\/\/gwaliorbuzz.com\/index.php\/2024\/09\/11\/innomet-advanced-materials-limited-ipo-opens-on-september-11-2024\/"},"modified":"2024-09-11T13:05:18","modified_gmt":"2024-09-11T07:35:18","slug":"innomet-advanced-materials-limited-ipo-opens-on-september-11-2024","status":"publish","type":"post","link":"https:\/\/gwaliorbuzz.com\/index.php\/2024\/09\/11\/innomet-advanced-materials-limited-ipo-opens-on-september-11-2024\/","title":{"rendered":"Innomet Advanced Materials Limited IPO Opens on September 11, 2024"},"content":{"rendered":"<div>\n<div>\n<p>Mumbai (Maharashtra) [India] September 11: Innomet Advanced Materials Limited,\u00a0a global supplier of a wide spectrum of ferrous and non-ferrous metal\/alloy powders, has announced its plan to go public with an Initial Public Offering on September 11, 2024. The company aims to raise\u00a0\u20b93,423.60 lakhs at a price of\u00a0\u20b9100 per share through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n<p>The issue size is Up to\u00a034,23,600\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>Non-Institutional Investors (NII) \u2013\u00a016,26,000Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013\u00a016,26,000Equity Shares<\/li>\n<li>Market Maker \u2013\u00a01,71,600Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized\u00a0for\u00a0working capital requirements,\u00a0capital expenditure requirements for the purchase of machinery and equipment,\u00a0and repayment\u00a0of outstanding borrowing\u00a0to\u00a0cover general corporate\u00a0expenses and issue expenses. The issue will\u00a0close\u00a0on\u00a0September 13, 2024.<\/p>\n<p>The Book Running Lead Manager to the Offer is\u00a0Expert\u00a0Global Consultants Private Limited. The Registrar to the Issue is Skyline Financial Services Private Limited.<\/p>\n<p>Mr.\u00a0Vinay Choudary\u00a0Chilakapati,\u00a0Managing Director &amp; Chief Executive Officer of\u00a0Innomet Advanced Materials Limited,\u00a0said,\u00a0\u201cWith our extensive experience and diverse\u00a0product\u00a0portfolio, we have built strong relationships with our customers.\u00a0The net proceeds from this IPO will enhance\u00a0our business by providing capital to drive growth and expand operations. We are excited about this opportunity and look forward to elevating the company to new heights\u201d.<\/p>\n<p>Mr.\u00a0Gaurav Jain,\u00a0Director\u00a0of\u00a0Expert Global Consultants Private Limited\u00a0said,\u00a0\u201d\u00a0We extend our sincere congratulations to Innomet Advanced Materials Limited on reaching this significant milestone.\u00a0Expert Global Consultants Private Limited\u00a0extensive experience and promising outlook. We are confident in the success of their IPO and proud to support their endeavor. The capital raised will clearly strengthen their market position and drive further success in the industry.\u00a0With our expertise in IPO management, business valuation, and financial advisory, we are\u00a0well-positioned to support their journey.\u00a0Company\u2019s\u00a0customer-centric approach and diverse portfolio uniquely position them to capitalize on emerging opportunities.\u201d<\/p>\n<p><span data-sheets-root=\"1\">If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/span><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India] September 11: Innomet Advanced Materials Limited,\u00a0a global supplier of a wide spectrum of ferrous and non-ferrous metal\/alloy powders, has announced its plan to go public with an [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":24850,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[651,656],"class_list":["post-24849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/24849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/comments?post=24849"}],"version-history":[{"count":0,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/24849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media\/24850"}],"wp:attachment":[{"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/media?parent=24849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/categories?post=24849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gwaliorbuzz.com\/index.php\/wp-json\/wp\/v2\/tags?post=24849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}