Innomet Advanced Materials Ltd - IPO

Innomet Advanced Materials Ltd IPO Details

Initial public offering of 34,23,600 equity shares of Rs. 10/- each (Equity Shares) of Innomet Advanced Materials Limited (IAML or the Company) for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share (the Issue Price), aggregating to Rs. 34.24 crores (The Issue). Out of the issue 1,71,600 equity shares aggregating to Rs. 1.72 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 32,52,000 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 32.52 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.46 % and 25.13 %, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

Funding working capital requirements of the company. Funding of capital expenditure requiremnts of the company towards purchase of machinery and equipment. Repaymenr or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions. General corporate purposes.

Innomet Advanced Materials Ltd Contact Details

Innomet Advanced Materials Ltd, A/505 Dattani Plaza, A K Road Safeed Pool, Andheri (East), Mumbai - 400072

Phone - 91-22-49721245

Fax -

Email - cs@innomet.net

Website - www.innomet.net