Owais Metal and Mineral Processing Limited IPO
NSE SMEListed On: Mar 4, 2024 at ₹ 250.0
₹ 278400 /3200 Shares
*Min Investment
26 Feb, 2024
Open Date28 Feb, 2024
Close Date29 Feb, 2024
Allotment Date04 Mar, 2024
Listing DateOwais Metal and Mineral Processing Limited IPO Issue Details
- Issue Price ₹83-87 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 49,07,200 shares(aggregating up to ₹42.69 crore)
- Fresh Share 49,07,200 shares(aggregating up to ₹42.69 crore)
- Listing at NSE SME
- List Price 250.0
- Listing Date 2024-03-04
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,39,200 |
| Retail(max) | 1 | 1600 | ₹1,39,200 |
| NII (min) | 2 | 3,200 | ₹2,78,400 |
Owais Metal and Mineral Processing Limited IPO Reservation
Owais Metal and Mineral Processing Limited IPO offers total 4,907,200 shares. Out of which 912,000 (18.58%) allocated to QIB, 684,800 (13.96%) allocated to NII,1,598,400 (32.57%) allocated to RII, NA (NA%) allocated to employees and 1,368,000 (27.88%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,368,000 (27.88%) | |
| Market Maker Shares Offered | 344,000 (7.01%) | |
| QIB Shares Offered | 912,000 (18.58%) | |
| NII (HNI) Shares Offered | 684,800 (13.96%) | |
| Retail Shares Offered | 1,598,400 (32.57%) | |
| Total Shares Offered | 4,907,200 (100%) |
Owais Metal and Mineral Processing Limited IPO Details
Owais Metal and Mineral Processing Limited IPO is an SME IPO, priced at ₹83-87 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,07,200 equity shares, aggregating up to ₹42.69 crores..
The IPO bidding window is open from Feb 26, 2024 to Feb 28, 2024. The allotment is expected to be finalized on Feb 29, 2024, and the tentative listing date is Mar 4, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,39,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,78,400.
Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Owais Metal and Mineral Processing Limited IPO Subscription Analysis And 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
Owais Metal and Mineral Processing Limited Company Financials
| 31-Dec-23 | 31-Mar-23 | |
|---|---|---|
| Assets | 5,164.23 | 379.62 |
| Revenue | 3,977.54 | N/A |
| Profit After Tax | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves & Surplus | 795.25 | 44.28 |
| Total Borrowing | 1,350.59 | 321.29 |
About Owais Metal and Mineral Processing Limited Company
Owais Metal and Mineral Processing Limited was incorporated in the year 2022 and is in the business of manufacturing and processing of metals and minerals. The business of the company was carried on before the incorporation of the company 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 manufacture and processing of the following products:
Manganese oxide (MNO): Use in fertilizer companies and manganese sulphate plants.
MC Ferro Manganese : Used in casting and steel industries.
Charcoal : Used in industries that require such high heat furnace for their making process, Steel industry.
Manufacturing of minerals like ferroalloys, quartz, and manganese ore: applied in hospitality industry, ceramics tile manufacturing, glass industry, and furniture and design industry.
The company provides its products to Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujrat states.
Owais Metal and Mineral Processing Limited - Promoter(s)
Mr. Saiyyed Owais Ali
Mr. Sayyad Akhtar Ali
Mr. Saiyyed Murtuza Ali
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.01%
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Owais Metal and Mineral Processing Limited | N/A | N/A | 16.21 | N/A | 36.06 | 5.37 | N/A |
| Impex Ferro Tech Ltd. | -3.82 | N/A | -31.65 | N/A | N/A | -0.18 | Standalone |
| Indian Metals & Ferro Alloys Ltd. | 41.84 | N/A | 344.33 | 15.18 | 12.14 | 1.84 | Standalone |
Notes:
- Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, they have been included for broad comparison.
- Current Market Price (CMP) is the closing price of peer group scrips as on February 19, 2024.
- Return on Net Worth is calculated as of December 31, 2023.
Contact Details
Owais Metal and Mineral Processing Limited
C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ratlam - 457001
+91-9300096498
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Owais Metal and Mineral Processing Limited IPO is 4,907,200 shares(aggregating up to ₹42.69 Cr).
Ans. The Owais Metal and Mineral Processing Limited IPO price band is set between ₹83-87 per equity share.
Ans. To apply for Owais Metal and Mineral Processing Limited 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 Owais Metal and Mineral Processing Limited IPO allotment status online.
