IPO

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 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.

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Owais Metal and Mineral Processing Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved912,000 / 684,8001,598,4003,195,200
Day 1 - 26-02-24 06:00 PM0.01 / 6.09 x10.04 x6.33 x
Day 2 - 27-02-24 06:00 PM0.71 / 37.30 x79.55 x47.99 x
Day 3 - 28-02-24 06:00 PM92.06 / 329.36 x248.50 x221.18 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

ROE

-5.35%

Debt/Equity

5.61

RoNW

-22.22%

Price to Book Value

5.37

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

31-Dec-2331-Mar-23
Assets5,164.23379.62
Revenue3,977.54N/A
Profit After Tax765.47-12.72
Net Worth2,122.7757.28
Reserves & Surplus795.2544.28
Total Borrowing1,350.59321.29

About The 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.

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Owais Metal and Mineral Processing Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.01%

Company Promoter(s)
  1. Mr. Saiyyed Owais Ali
  2. Mr. Sayyad Akhtar Ali
  3. Mr. Saiyyed Murtuza Ali

Owais Metal and Mineral Processing Limited IPO - Issue Objectives

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

Other Details

Company Contact Details

Owais Metal and Mineral Processing Limited

C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ratlam - 457001

Phone: +91-9300096498

Email: info@ommpl.com

Website: http://www.ommpl.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.