Innomet Advanced Materials Limited IPO Review
Neutral100-100 · SME
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Analyst Verdict
Innomet Advanced Materials Limited IPO
Neutral
IPO at a Glance
Price Band
100-100
Issue Size
34cr
Opens
2024-09-09
Closes
2024-09-11
Listing
2024-09-16
Category
SME
Key Strengths
✓The company follows the Quality Management System Standard: ISO 9001:2015 with a scope of manufacturing and supply of ferrous & non-ferrous metal/alloy powders and Tungsten Heavy Alloy (THA) components.
✓As of March 31, 2024, the order book position is Rs. 1.15 crore for Metal Powders and Rs. 7.39 crore for THA division.
✓The company has a diversified customer base with both domestic clients and International customers based out of the US, UK, Germany, Netherlands, Japan, Italy, New Zealand, Lebanon, Brunei, and many other countries.
✓Import substitution is one of the key focus areas for the company and it has developed several import substitute products for the customers in India.
Key Risks
⚠The company has experienced negative cash flows in its operating, investing, and financing activities in the last three financial years.
⚠It does not have long-term agreements with its suppliers or customers and the loss of one or more of them or a reduction in their demand for the company’s products could adversely affect the business.
⚠Failure to accurately forecast demand for the products or manage inventory or working capital requirements may hurt the business.
⚠The company has issued Equity shares at Rs.19 per share which may be substantially lower than the Issue price in the last 12 months.
⚠Changes in technology may affect the business by making the equipment or products less competitive or obsolete.
Frequently Asked Questions
Should I apply for Innomet Advanced Materials Limited IPO?
Based on our analysis, our rating for Innomet Advanced Materials Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Innomet Advanced Materials Limited IPO?
The company has experienced negative cash flows in its operating, investing, and financing activities in the last three financial years. It does not have long-term agreements with its suppliers or customers and the loss of one or more of them or a reduction in their demand for the company’s products could adversely affect the business. Failure to accurately forecast demand for the products or mana
What are the strengths of Innomet Advanced Materials Limited IPO?
The company follows the Quality Management System Standard: ISO 9001:2015 with a scope of manufacturing and supply of ferrous & non-ferrous metal/alloy powders and Tungsten Heavy Alloy (THA) components. As of March 31, 2024, the order book position is Rs. 1.15 crore for Metal Powders and Rs. 7.39 crore for THA division. The company has a diversified customer base with both domestic clients and Int
What is the price band of Innomet Advanced Materials Limited IPO?
The price band for Innomet Advanced Materials Limited IPO is 100-100. The IPO has closed.
Full Analysis Available
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