Owais Metal and Mineral Processing Limited IPO
Owais Metal and Mineral Processing Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹83–₹87 per share. The stock debuted at ₹250, delivering a listing gain of 187.4%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,39,200.
Owais Metal and Mineral Processing Limited IPO
- IPO Dates
- Feb 26, 2024 – Feb 28, 2024
- Price band
- ₹83-87 per equity share
- Minimum Investment
- ₹1,39,200
- Issue size
- ₹42.69 Cr
- Lot size
- 1600
- Allotment Date
- Feb 29, 2024
- Listing
- Mar 4, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 26, 2024
Open Date
Completed
-
Feb 28, 2024
Close Date
Completed
-
Feb 29, 2024
Allotment Date
Completed
-
Mar 4, 2024
Listing Date
Completed
Owais Metal and Mineral Processing Limited IPO Essentials
Owais Metal and Mineral Processing Limited IPO Details
Owais Metal and Mineral Processing Limited IPO is priced at ₹83-87 per share with a total issue size of 42.69 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹83-87 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,907,200 shares(aggregating up to ₹42.69 Cr)
- Total issue size
- 49,07,200 shares
(aggregating up to ₹42.69 crore) - Fresh issue
- 49,07,200 shares
(aggregating up to ₹42.69 crore) - Listing at
- NSE SME
- List price
- 250.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Gretex Corporate Services Limited
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 reservation details show category-wise allocation of shares. Out of the total 4,907,200 shares, approximately 18.58% are reserved for QIB, 13.96% for NII, 32.57% for retail investors, 7.01% for market maker, and 27.88% for 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 Analytics
Owais Metal and Mineral Processing Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Owais Metal and Mineral Processing Limited IPO Subscription Status
Owais Metal and Mineral Processing Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.08/-
- EPS Post IPO
- ₹2.98/-
- P/E Pre IPO
- 21.35
- P/E Post IPO
- 29.24
Returns
- ROE
- -5.35%
- RoNW
- -22.22%
Fundamentals
- Debt / Equity
- 5.61
- Price / Book
- 5.37
Owais Metal and Mineral Processing Limited Financials( In Lakhs)
| 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 |
Owais Metal and Mineral Processing Limited Company & Offer Insights
About Owais Metal and Mineral Processing Limited
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 are the company's promoters of Owais Metal and Mineral Processing Limited.
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 Information
Contact Details
Owais Metal and Mineral Processing Limited
+91-9300096498
C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ratlam - 457001
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Owais Metal and Mineral Processing Limited IPO is a book-built IPO worth ₹42.69 crore. The price band is ₹83–₹87 per share. The IPO opens on Feb 26, 2024 and closes on Feb 28, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Owais Metal and Mineral Processing Limited IPO is ₹83 to ₹87 per share.
The lot size of Owais Metal and Mineral Processing Limited IPO is 1600 shares.
The minimum investment for Owais Metal and Mineral Processing Limited IPO is approximately ₹1,39,200 based on the upper price band .
Owais Metal and Mineral Processing Limited IPO opens on Feb 26, 2024 and closes on Feb 28, 2024.
The allotment date of Owais Metal and Mineral Processing Limited IPO is Feb 29, 2024.
Owais Metal and Mineral Processing Limited IPO is expected to be listed on Mar 4, 2024, on NSE SME Platform.
Owais Metal and Mineral Processing Limited IPO valuation snapshot: P/E 29.24, EPS ₹2.98/-, P/B 5.37, RoNW -22.22%, and market cap N/A.
To apply for Owais Metal and Mineral Processing Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Owais Metal and Mineral Processing Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Owais Metal and Mineral Processing Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Owais Metal and Mineral Processing Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Owais Metal and Mineral Processing Limited IPO allotment status on IPO Ji for quick and easy access.