Owais Metal and Mineral Processing IPO is an NSE SME IPO. They are going to raise ₹42.69 Crores via IPO. The issue is priced at ₹83 to ₹87 per equity share. The IPO is to be listed on NSE.
Owais Metal and Mineral Processing Limited IPO opens for subscription on February 26, 2024, and closes on February 28, 2024. The allotment for the Owais Metal and Mineral Processing Limited IPO is expected to be finalized on February 29, 2024. Owais Metal and Mineral Processing Limited IPO will list on NSE SME with tentative listing date fixed as Friday, March 04, 2024.
| IPO Details |
| Minimum Investment ₹139,200 /1 Lot (1600 shares) | Price Range ₹83-₹87 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹139,200 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 42.69 Cr | Employee Discount ₹0 |
| Total Issue Size 4,907,200 Shares (aggregating up to ₹42.69 Cr) | Share Holding Pree Issue 13,275,198 | Issue Type Book Bulit Issue IPO |
| Fresh Issue Share 4,907,200 Shares (aggregating up to ₹42.69 Cr) | Share Holding Post Issue 18,182,398 | Listing At NSE SME |
| Market Maker Portion 344,000 shares (Gretex Share Broking) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 26 Feb 2024 |
| Offer Ends | 28 Feb 2024 |
| Allotment | 29 Feb 2024 |
| Refunds | 01 March 2024 |
| Credit of shares to Demat account | 01 March 2024 |
| IPO Listing | 04 March 2024 |
About Owais Metal and Mineral Processing Limited
Owais Metal and Mineral Processing Limited was established in 2022 and is engaged in the production and processing of metals and minerals. Prior to the incorporation of the company, the business of the company was carried on under the name of M/s Owais Ali Overseas, a sole proprietorship firm of the promoter Mr. Saiyyed Owais Ali.
The company is engaged in the manufacturing and processing of the following products
Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants
MC Ferro Manganese: used in the steel and casting industry
Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry
Processing of minerals such as ferroalloys, quartz, and manganese ore: used in the hotel industry, the tile and ceramics industry, the glass industry, and the interior design and furniture industry.
Owais Metal and Mineral products like Manganese Oxide are used in the fertilizer industry and are also used by the Manganese Sulphate Plants.
Manganese Ore is used in the manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries, and other Ferro products also it can be directly sellable in the market.
The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujrat.
| Incorporated in | Managing Director |
| 2022 |
Share Holding
| Share Holding Pre-Issue | 100% |
| Share Holding Post-Issue | 73.01% |
Owais Metal and Mineral Processing Limited IPO Prospectus
| Owais Metal and Mineral Processing Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2023 |
| Revenue | ₹3,977.54 | ₹ |
| Assets | ₹5,164,23 | ₹379.62 |
| Profit | ₹765.47 | -₹12.72 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 158.19 Cr | ROE | -5.35% |
| P/E (X) | 21.35 | ROCE | % |
| POST P/E (X) | 29.24 | EPS | 4.08 |
| Debt to Equity | 5.61 | RONW | -22.22% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Purchase of Equipments to Facilitate Manufacturing
- Working Capital Requirement
- General Corporate Purposes.
Brokerage Firm IPO Review
- To be updated soon
| Owais Metal and Mineral Processing Limited Contact Details | |
| Address | Owais Metal and Mineral Processing Limited C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam – 457001 |
| Phone: | +91-9300096498 |
| info@ommpl.com | |
| Website | http://www.ommpl.com/ |
| Owais Metal and Mineral Processing Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Owais Metal and Mineral Processing Limited IPO Allotment Status Check |
| Owais Metal and Mineral Processing Limited IPO Allotment Status Check Click Here |
| Owais Metal and Mineral Processing Limited Lead Managers | |
| Gretex Corporate Services Pvt Ltd Office No. 13, 1st Floor, Raja Bahadur Mansion, New Bansilal Building, 9 -15, HomiModi Street , Fort, Near BSE Ltd, Mumbai -400023 | |
| Phone | +91 22 6708 6181 |
| ipo@gretexgroup.com | |
| Website | http://www.gretexcorporate.com |
Owais Metal and Mineral Processing Limited IPO FAQs
What is Owais Metal and Mineral Processing Limited IPO?
- Owais Metal and Mineral Processing Limited IPO is an NSE SME IPO. They are going to raise ₹42.69 Crores via IPO. The issue is priced at ₹83 to ₹87 per equity share. The IPO is to be listed on NSE.
- The IPO opens on February 26, 2024, and closes on February 28, 2024.
When Owais Metal and Mineral Processing Limited IPO will open?
- The IPO is to open on February 26, 2023, for QIB, NII, and Retail Investors. and closes on March 04, 2024
What is Owais Metal and Mineral Processing Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Owais Metal and Mineral Processing Limited IPO Size?
- Owais Metal and Mineral Processing Limited IPO size is ₹42.69 crores.
What is Owais Metal and Mineral Processing Limited IPO Price Band?
- Owais Metal and Mineral Processing Limited IPO Price Band is ₹80 to ₹87 per equity share.
What is Owais Metal and Mineral Processing Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹139,200. and Maximum Lot Size 1 Lots (1600 Shares) with ₹139,200
What is Owais Metal and Mineral Processing Limited IPO Allotment Date?
- Owais Metal and Mineral Processing Limited IPO allotment date is February 29, 2024.
What is Owais Metal and Mineral Processing Limited IPO Listing Date?
- Owais Metal and Mineral Processing Limited IPO listing date is March 04, 2024. The IPO to list on NSE.