Innomet Advanced Materials IPO: Review, valuation, Date & GMP

Period	31 Mar 2024	31 Mar 2023	31 Mar 2022
Total Assets	3,416.76	1,213.68	974.01
Total Revenue	2,955.45	2,714.78	2,240.35
PAT	251.91	321.55	55.17
Net Worth	1,472	705.94	379.78
Total Reserves & Surplus	520.35	417.62	91.46
Borrowings	1,331.29	1,209.5	981.51

Net Cash Flow In Multiple Activities	31 Mar 2024	31 Mar 2023	31 Mar 2022
Net Cash Flow Operating Activities	217.78	352.99	-17.79
Net Cash Flow Investing Activities	-624.79	-472.44	-271.54
Net Cash Flow Financing Activities	398.81	118.15	288.13

Product	2023-2024		2022-2023		2021-2022
	MP (kg)	THA (Nos)	MP (kg)	THA (Nos)	MP (kg)	THA (Nos)
Sales Division wise	2290.37	608.82	2,173.28	539.65	1,925.90	312.52
Total Sales for the year	2899.19		2,712.93		2,238.42
Total Exports Division-wise	202.60	11.05	71.41	126.32	147.01	146.11
Total Exports for the year	213.66	-	197.73	-	293.12	-
Domestic	2087.77	597.76	2,101.87	413.34	1,778.89	166.41
International	202.60	11.05	71.41	126.32	147.01	146.11
Total	2290.37	608.82	2,173.28	539.65	1,925.90	312.52

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Meeting the company's demand for working capital

• Financing the company's capital expenditure needs for the acquisition of machinery and equipmen

• Payback or prepayment, in full or in part, of all or a portion of the company's outstanding bank and financial institution borrowings

• Issue cost

• General corporate purposes.

 

Peers of Innomet Advanced Materials Ltd.

There are no listed companies in India engaged in the same business of comparable size.

 

Evaluation

Innomet Advanced Materials IPO price is Rs.100 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.2.65 from the last year, the resulting P/E ratio is 37.73x.

Considering the weighted EPS of Rs.5.36 for the last three years, the P/E ratio is 18.66x.

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

 

IPO's Strengths 

• Improved operational efficiency

• Large and complex project handling experience

• Multi-year relationships with most customers

• Dedicated technical and functional team to provide solutions to our customers

• An experienced management team with the ability to scale up and expand into new opportunities.

 

IPO’s Weaknesses

• The factories require a large amount of power to run continuously. Its business may be impacted by any interruptions to the operations caused by power outages or by sudden, large increases in electricity rates.

• Additionally, technological advancements may render its products and equipment less competitive or outdated.

• The business could be negatively impacted by major disruptions to information technology systems or security breaches.

• The company had a negative cash flow from its operating, financing, and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

To open a demat account and apply for the IPO, Click Here.

Innomet Advanced Materials IPO GMP Today

Innomet Advanced Materials IPO GMP is Rs.0 as of 09 September 2024.

IPO Timetable (Tentative)

The Innomet Advanced Materials IPO date is from September 11 to September 13, 2024, with allotment on September 16, refund initiation on September 17, and listing on September 18, 2024.

 

Innomet Advanced Materials IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 11, 2024, close on September 13, 2024, and offer a total issue size of 34,23,600 Shares (aggregating up to Rs.34.24 Cr.).

Innomet Advanced Materials IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,40,000.

 

Innomet Advanced Materials IPO Reservation

 

Promoters And Management of Innomet Advanced Materials Ltd.

• Lakshmi Kanthamma Chilakapati

• Saritha Devi Chilakapati

• Vinay Choudhary Chilakapati.

IPO Lead Managers

• Expert Global Consultants Private Limited.

 

Dividend Policy

The company has not paid dividends in the last three years.

 

Conclusion

The company has experienced negative cash flow in operating and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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