The Owais Metal and Mineral Processing IPO commenced on February 26, 2024, and concluded on February 28, 2024. The allotment of shares took place on February 29, 2024, and the initiation of refunds began on March 1, 2024. The shares were credited to the demat accounts of investors on March 1, 2024. Finally, the listing of Owais Metal and Mineral Processing on the stock exchange occurred on March 4, 2024.
The Owais Metal and Mineral Processing IPO was priced at ₹83 to ₹87 per share, with a lot size of 1600 shares. The total issue size was ₹42.69 crores, comprising a fresh issue of ₹42.69 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Owais Metal and Mineral Processing IPO Basic Details
| Company Name | Owais Metal and Mineral Processing Limited |
| Domain of Company | Production and Processing of Metals and Minerals |
| Owais Metal and Mineral Processing IPO GMP Today | ₹17 |
| Owais Metal and Mineral Processing IPO Listing Gain | 19.54% |
| Owais Metal and Mineral Processing IPO Open Date | February 26, 2024 |
| Owais Metal and Mineral Processing IPO Close Date | February 28, 2024 |
| Owais Metal and Mineral Processing IPO Allotment Date | February 29, 2024 |
| Owais Metal and Mineral Processing IPO Listing Date | March 4, 2024 |
| Face Value | ₹10 per share |
| Price | ₹83 to ₹87 per share |
| Lot Size | 1600 Shares |
| Issue Size | 4,907,200 shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Fresh Issue | 4,907,200 shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali |
Owais Metal and Mineral Processing IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹17 | 19.54% | – | – |
| February 2024 | ₹17 | 19.54% | – | – |
Owais Metal IPO Details:
Owais Metal and Mineral Processing Limited started in 2022 and focuses on making and handling metals and minerals. Before becoming a company, it operated as M/s Owais Ali Overseas, a business run by Mr. Saiyyed Owais Ali.
The company creates and processes various products:
- Manganese Oxide (MNO): Used in fertilizers and manganese sulfate plants.
- MC Ferro Manganese: Applied in the steel and casting industry.
- Charcoal Production: Utilized in furnaces for industries needing high heat, like the steel industry.
- Mineral Processing: Includes ferroalloys, quartz, and manganese ore, serving industries like hotels, tiles, ceramics, glass, interior design, and furniture.
Owais Metal and Mineral Processing delivers its products to Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. The manufacturing facility is in Meghnagar, Madhya Pradesh, with 25 permanent employees as of December 31, 2023.
Owais Metal IPO More Details Click Here
Owais Metal and Mineral Processing IPO FAQs
When is Owais Metal and Mineral Processing IPO open?
Owais Metal and Mineral Processing IPO will open on 26 February 2024.
When is Owais Metal and Mineral Processing IPO Close?
Owais Metal and Mineral Processing IPO will be closed on 28 February 2024.
What is Owais Metal and Mineral Processing IPO GMP Today?
The Owais Metal and Mineral Processing IPO GMP aka Grey Market Premium is ₹17.
What is Owais Metal and Mineral Processing IPO Kostak Rates Today?
The Owais Metal and Mineral Processing IPO Kostak Rate is ₹000.
What is Owais Metal and Mineral Processing IPO Subject to Sauda Price Today?
The Owais Metal and Mineral Processing IPO subject to sauda rates is ₹000.
Owais Metal and Mineral Processing IPO Expected Returns?
The Owais Metal and Mineral Processing expected return is 19.54%.
How much will be the listing gain in Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing IPO will get listing gain of 19.54%. (Approx.)
