Innomet Advanced Materials IPO Listing: Innomet Advanced Materials’ IPO got listed on NSE today on Wednesday. The company’s shares had a great listing. Innomet Advanced Materials’ shares got listed today at Rs 190 with a 90% premium against its IPO price of Rs 100. In the initial trade itself around 10 am, only buying was seen on this stock. The sell quantity was zero and the buy quantity was 14,83,200. This is the reason that as soon as it opened, an upper circuit of 5% was put on this stock and this stock reached Rs 199.50. Till 2:15 pm, only buyers were seen on this stock. The buy quantity is 19,76,400 and the sell quantity is zero.
The IPO was opened on 11 September
Innomet Advanced Materials Limited IPO received tremendous response from investors. The company’s IPO was open from 11 to 13 September. This SME IPO was subscribed more than 300 times in three days. According to Market Trackin, bids were received for 1,05,34,03,200 shares compared to 3,252,000 shares in the issue of Rs 34.24 crore. On the second day of subscription, Innomet Advanced Materials IPO was subscribed 7.77 times. On the first day of subscription on September 11, it was subscribed 0.53 times. The SME IPO consisted of a completely fresh issue of 34.24 lakh shares. The company will use the funds raised through the IPO for working capital requirements and capital expenditure.
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Innomet Advanced Materials IPO Listing: Innomet Advanced Materials’ IPO got listed on NSE today on Wednesday. The company’s shares had a great listing. Innomet Advanced Materials’ shares got listed today at Rs 190 with a 90% premium against its IPO price of Rs 100. In the initial trade itself, around 10 am, only buying was seen on this stock. The sell quantity was zero and the buy quantity was 14,83,200. This is the reason why this stock got an upper circuit of 5% as soon as it opened.
The IPO was opened on 11 September
Innomet Advanced Materials Limited IPO received tremendous response from investors. The company’s IPO was open from 11 to 13 September. This SME IPO was subscribed more than 300 times in three days. According to Market Trackin, bids were received for 1,05,34,03,200 shares compared to 3,252,000 shares in the issue of Rs 34.24 crore. On the second day of subscription, Innomet Advanced Materials IPO was subscribed 7.77 times. On the first day of subscription on September 11, it was subscribed 0.53 times. The SME IPO consisted of a completely fresh issue of 34.24 lakh shares. The company will use the funds raised through the IPO for working capital requirements and capital expenditure.
company business
Innomet Advanced Materials Ltd., founded in 1984, produces metal powders and tungsten heavy alloys. The company operates two divisions: Innomet Powder and Innotung. It adheres to the ISO 9001:2015 quality standard for the manufacture and supply of ferrous and non-ferrous metal powders and tungsten alloy components. With more than 20 products, including copper, nickel and stainless-steel powders, Innomet serves industries worldwide. Their custom metal powders have been supplied to the US, UK, Germany, Japan and other countries. The company employs 56 people as of March 2024.
