Innomet Advanced Materials shares list at 90% premium over IPO price

Innomet Advanced Materials shares listed on the NSE SME platform with a 90% premium, debuting at Rs 190 against an issue price of Rs 100. The IPO saw a robust subscription of 300 times. The company manufactures diamond tools and metal powders, and plans to use the proceeds for working capital, machinery, debt repayment, and general corporate purposes.