Innomet Advanced Materials Ltd. has announced public offering of 3423600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 3,423.60 lakhs.

The company's initial public offer (IPO) will open on 11 September 2024 and is expected to close on 13 September 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 3423600 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Innomet Advanced Materials Ltd. anticipates using the proceeds of the issue for .

Expert Global Consultants Pvt. Ltd. as lead manager & Skyline Financial Services Pvt Ltd. is the registrar, to the issue.