Owais Metal and Mineral Processing Limited IPO

NSE SME

Listed On: Mar 4, 2024 at ₹ 250.0

₹ 139200 /1600 Shares

Check Allotment

Owais Metal and Mineral Processing Limited IPO Details

26 Feb, 2024

Open Date

28 Feb, 2024

Close Date

29 Feb, 2024

Allotment Date

04 Mar, 2024

Listing Date

Issue Price

₹83-87 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

250.0

Listing Date

2024-03-04

Market Lot

1600 Shares (₹139,200/-)

Lead Manager

Gretex Corporate Services Limited

Issue Size

4,907,200 shares(aggregating up to ₹42.69 Cr)

Retail Portion

35%

Subscription

221.18 times

IPO Docs

DRHP RHP

Owais Metal and Mineral Processing Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	912,000 / 684,800	1,598,400	3,195,200
Day 1 - 26-02-24 06:00 PM	0.01 / 6.09 x	10.04 x	6.33 x
Day 2 - 27-02-24 06:00 PM	0.71 / 37.30 x	79.55 x	47.99 x
Day 3 - 28-02-24 06:00 PM	92.06 / 329.36 x	248.50 x	221.18 x

Owais Metal and Mineral Processing Limited Valuations

EPS Pre IPO

₹4.08/-

EPS Post IPO

₹2.98/-

P/E Pre IPO

21.35

P/E Post IPO

29.24

RoNW

-22.22%

Owais Metal and Mineral Processing Limited Company Financials All values are in ₹ Lakh

About The Company

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.
The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujrat.

The company's manufacturing facility is located in Meghnagar, Madhya Pradesh. As of December 31,2023, the company had 25 permanent employees.

Owais Metal and Mineral Processing Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.01%

Company Promoter(s)

Mr. Saiyyed Owais Ali
Mr. Sayyad Akhtar Ali
Mr. Saiyyed Murtuza Ali

Owais Metal and Mineral Processing Limited IPO - Issue Objectives

Purchase of Equipment to Facilitate Manufacturing
Working Capital Requirements
General Corporate Purposes.

Owais Metal and Mineral Processing Limited IPO - FAQs

Ans. Owais Metal and Mineral Processing Limited IPO is a SME IPO. The issue is priced at ₹83-87 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 26, 2024, and closes on Feb 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Owais Metal and Mineral Processing Limited IPO opens on Feb 26, 2024 and closes on Feb 28, 2024.

Ans. The size of Owais Metal and Mineral Processing Limited IPO is 4,907,200 shares(aggregating up to ₹42.69 Cr).

Ans. The IPO price band is set between ₹83-87 per equity share.

Ans. To apply for Owais Metal and Mineral Processing Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Owais Metal and Mineral Processing Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Owais Metal and Mineral Processing Limited IPO is Feb 29, 2024.

Ans. The Owais Metal and Mineral Processing Limited IPO will be listed on Mar 4, 2024.

Ans. Follow the steps to check the allotment status for Owais Metal and Mineral Processing Limited IPO here.