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INNOMET IPO

Innomet Advanced Materials Limited
Start Date11-09-2024
Application Timing10am-5pm
Price Range₹100 - ₹100
Min Qty1200
Min. Investment₹120000
Listing DateNA
Close Date13-09-2024

About Innomet Advanced Materials Limited

Incorporated in 1984, Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys. 

The company has two divisions:

  1. Innomet Powders
  2. Innotung

Innomet complies with the Quality Management System Standard: ISO 9001:2015 for the manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components.

The company offers over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. They specialize in producing custom grades of metal and alloy powders containing iron, copper, nickel, tin, zinc, and cobalt.

The company has supplied its products in India as well as in US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon and Brunei.

Why To Invest in Innomet Advanced Materials Limited

The Company proposes to utilize the funds towards:

  1. Funding working capital requirements of the Company;
  2. Funding of capital expenditure requirements of the company towards the purchase of machinery and equipment;
  3. Repayment or prepayment, in whole or in part, of all or a portion of certain outstanding borrowings availed by the company, from banks and financial institutions
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