Innomet Advanced Materials IPO Subscription Status: Innomet Advanced Materials IPO is Open on 11 September 2024 and Close on 13 September 2024. PN Gadgil Jewellers IPO to Raise 3,423,600 shares (Approx ₹34.24 Cr) via IPO. The Fresh Issue is 3,423,600 shares (Approx ₹34.24 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
The Innomet Advanced Materials IPO is an SME IPO and Listed on NSE SME. Innomet Advanced Materials IPO Price Band is Fixed at ₹100 Equity Share. Innomet Advanced Materials IPO Lot Size is 1200 Shares.
Also Read: Innomet Advanced Materials IPO GMP, Price, Date, IPO Details
Innomet Advanced Materials IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Non Institutional Buyers (NIIs) | 16,26,000 | 59,79,90,000 | 367.77 |
| Retail Individual Buyers (RIIs) | 16,26,000 | 36,90,51,600 | 226.97 |
| Market Maker | 1,71,600 | 1,71,600 | 1 |
| Total | 32,52,000 | 1,05,34,03,200 | 323.92 |
Innomet Advanced Materials IPO Subscription Status day-by-day-
| Categories | 11 Sep | 12 Sep | 13 Sep |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.21 | 3.63 | 367.77 |
| RII | 0.85 | 10.96 | 226.97 |
| Total | 0.53 | 7.76 | 323.92 |
About IPO :
Innomet Advanced Materials started manufacture of Metal Powders (Ferrous, Non-Ferrous and their Alloys). Further with R&D got into manufacture of Tungsten Heavy Alloys (THA). The Promoters have vast experience in General Engineering, Diamond Tools, Metal/Alloy Powders and Tungsten Heavy Alloys.
Manufacture of “METAL POWDERS & TUNGSTEN HEAVY ALLOYS” comes under the gamut of “POWDER METALLURGY”. The Company has all the necessary infrastructure for the development and manufacture of Metal Powders and Tungsten Heavy Alloys. To update ourselves technologically, the Company associates with the senior most scientists in the world and with renowned Research Organisations in India for continuous development of various Powder Metallurgy (PM) products.
The Company has also started/conducted in-house experiments to develop products required by the end users. Innomet has been found to be in conformity with the Quality Management System Standard: With a scope of manufacturing and supply of Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. Innomet has 2 divisions with brand names as under.
- Innomet Powders.
- Innotung.
Innomet Advanced Materials holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Innomet Advanced Materials Review From MoneyMintIdea –
- May Apply
