Innomet Advanced shares list at 90% premium to SME IPO price

Shares of Innomet Advanced Materials were listed on NSE SME platform at ₹190 per share on Wednesday. This marks a premium of 90% over its issue price of ₹100 per share. The ₹34.24-crore IPO of the company was subscribed 323.92 times between September 11 and September 13. Innomet Advanced Materials manufactures metal powders and tungsten heavy alloys.