Innomet Advanced Materials IPO share allotment: Steps to check status on NSE, Skyline Financial Services

Innomet Advanced Materials IPO was subscribed 297.42 times, with investors applying for 96.72 crore shares as compared to the 32.52 lakh shares on offer.

Non-institutional investors or NIIs bid for 51.18 crore shares as compared to the 16.26 lakh shares allocated for them. NIIs subscribed to their allocation 314.76 times.

Retail investors oversubscribed their quota 226.96 times. They applied for 51.18 crore shares against the 16.26 lakh shares in the retail category.

Investors, who applied for shares in the public offer, must be waiting to check the allotment status of the Innomet Advanced Materials IPO. Here is how to check Innomet Advanced Materials IPO share allotment status on NSE and registrar’s website.

How to check Vision Innomet Advanced Materials Limited IPO share allotment status on registrar’s website

• Go to the official website of the registrar Skyline Financial Services Private Ltd at https://www.skylinerta.com/
• Choose the Public Issues option
• A new tab will open. From the list of the companies, select Innomet Advanced Materials Limited
• Enter your details (DPID/Client ID, Application No., or PAN)
• Click on the Search button to view the allotment status

How to check Vision Innomet Advanced Materials Limited IPO share allotment status on NSE website

• Go to the NSE IPO allotment status page at www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your username and password. Creating an account on the NSE website is mandatory to view the allotment status.
• Select Innomet Advanced Materials Limited from the drop down menu under the issue name.
• Verify your PAN.
• Enter your IPO application number.
• Click on Submit to view the allotment details.

Innomet Advanced Materials Limited IPO offer size

Innomet Advanced Materials IPO was a fixed price issue of 34.24 lakh shares. The company aimed to raise ₹34.24 crore through the initial share sale. The IPO is expected to list at NSE SME platform, Emerge, on September 18.

Innomet Advanced Materials IPO price band and lot size

Innomet Advanced Materials IPO price band was set at ₹100 per equity share, with a face value of ₹10. The minimum lot size for one application was 1200 shares, resulting in an investment of ₹1,20,00 by retail investors.

Innomet Advanced Materials IPO objectives

Innomet Advanced Materials Limited said that it will utilise the proceeds from the IPO to meet working capital requirements and purchase machinery and equipment. The company will further use the funds for repayment or prepayment of existing debts and for general corporate purposes.

About Innomet Advanced Materials Limited

Incorporated in 1984, Innomet Advanced Materials Limited is a manufacturer of metal powders and tungsten heavy alloys. The company supplies products like copper, bronze, brass, nickel, tin and stainless-steel powders to several industries. It had 56 employees as of March 31, 2024.