Innomet Advanced Materials shares made a stellar debut to list with 90 percent premium on the NSE SME platform on Wednesday, September 18. The shares were listed at Rs 190 per share on the NSE SME against the issue price of Rs 100.
The Rs 34.24 crore issue had a bid price of Rs 100 with 1,200 shares in a lot.
Innomet Advanced Materials Limited, established in 1984, manufactures metal powders and tungsten heavy alloys. The company has two divisions: Innomet Powders and Innotung dealing in supply of ferrous and non-ferrous metal powders and tungsten alloy components. Offering more than 20 products, including copper, nickel, and stainless-steel powders, Innomet caters to industries globally. Their customised metal powders have been exported to countries such as the US, UK, Germany, Japan, and others.
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