The Elmet Group

Last updated: April 27, 2026
Ticker
ELMT
Exchange
NYSE
IPO Date
Pending
Price Range
$12.00 - $14.00
Deal Size
$120 million
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Company Snapshot

The Elmet Group is a Delaware corporation that operates through its subsidiaries, Elmet Technologies LLC and Microwave Techniques LLC. The company focuses on manufacturing advanced materials and components, leveraging complex and capital-intensive processes. Their key value proposition lies in their ability to produce high-quality products that meet the specialized needs of their customers in various industries.

Founded
2024

Key Financials

Metric20252024
Revenue$201.6M$190.4M
YoY Growth+5.9%-
Adjusted Net Income$5.5M$15.4M
Margin %2.7%8.1%
Gross Margin
20%

Balance Sheet

Cash & Equivalents
$1.8M
Total Debt
$36.3M

Implied Valuation at Midpoint

Market Cap
$364M
P/S Ratio
1.8x
P/E Ratio
66.1x

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The company operates in a competitive market for advanced materials, facing competition from skilled labor shortages and increased labor costs. The company competes with other manufacturers in the industry, although specific competitor names are not mentioned in the filing.

Use of Proceeds

The proceeds from the IPO are expected to be used to support the company's operating and capital needs, including investments in manufacturing processes and equipment.

Key Risk Factors

  • The company faces risks related to its reliance on international suppliers for critical raw materials, which could be affected by tariffs and trade regulations.
  • The loss of key management personnel could negatively impact the company's strategic direction and operational execution.

Deal Structure

Primary Shares
7,692,307 shares
Shares Outstanding
27,968,528 shares
Post-IPO Float
30.7%
Lock-up
180 days
Lead Underwriters
Cantor Fitzgerald & Co., Needham & Company, Canaccord Genuity, Roth Capital Partners

Reported Broker Availability

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Reported by users or publicly disclosed. Information is for reference only.

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