Owais Metal and Mineral Processing IPO Details ( Owais Metal and Mineral Processing Limited IPO Review )
(26 Feb 2024 – 28 Feb 2024)
Owais Metal and Mineral Processing Limited started in 2022, focusing on making metals and minerals useful for various industries. Before becoming a company, it operated under the name M/s Owais Ali Overseas as a sole proprietorship owned by Mr. Saiyyed Owais Ali.
Our company creates and processes several products:
- Manganese Oxide (MNO): Used in fertilizers and manganese sulfate plants.
- MC Ferro Manganese: Essential in the steel and casting industry.
- Charcoal Production: Vital for furnaces in industries requiring high heat, like the steel industry.
- Processing Minerals: Involves ferroalloys, quartz, and manganese ore, serving the hotel, tile, ceramics, glass, interior design, and furniture industries.
We proudly supply our products to Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. Our manufacturing facility is in Meghnagar, Madhya Pradesh, where, as of December 31, 2023, we had 25 dedicated permanent employees.
Owais Metal and Mineral Processing IPO Financials Performance ( Results )
Owais Metal and Mineral Processing Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-23 | 379.62 | -12.72 | 57.28 | 44.28 | 321.29 | |
| 31-Dec-23 | 5,164.23 | 3,977.54 | 765.47 | 2,122.77 | 795.25 | 1,350.59 |
Objective of Owais Metal and Mineral Processing IPO Issue
- Purchase of Equipment to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes.
Owais Metal and Mineral Processing IPO Basic Details
| IPO Date | Feb 26, 2024 to Feb 28, 2024 |
| Listing Date | Monday, 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 |
| Share holding pre issue | 13,275,198 |
| Share holding post issue | 18,182,398 |
| Company Promoters | Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali |
Owais Metal and Mineral Processing IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Owais Metal IPO Timetable
Owais Metal IPO will open on February 26, 2024 and close on February 28, 2024. You can join Owais Metal IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 February 2024 (Monday) |
| Closing Date | 28 February 2024 (Wednesday) |
| Basis of Allotment | 29 February 2024 (Thursday) |
| Initiation of Refunds | 1 March 2024 (Friday) |
| Credit of Shares to Demat | 1 March 2024 (Friday) |
| Listing Date | 4 March 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 28 February 2024 |
Owais Metal IPO Lot Size
For retail investors in Owais Metal IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹139,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹139,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| S-HNI (Min) | 2 | 3200 | ₹278,400 |
Owais Metal and Mineral Processing IPO Promoter Holding
The company’s promoters include Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.01% |
Owais Metal and Mineral Processing Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 158.19 |
| P/E Ratio (P/E) (x) | 29.24 |
| Post P/E Ratio (P/E) (x) | 21.35 |
| Return on Net Worth (RoNW) (%) | -22.22 |
| Return on equity (ROE) (%) | -5.35 |
| Debt/Equity Ratio | 5.61 |
| Price/Book Value Ratio | 5.37 |
Owais Metal and Mineral Processing IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹125 | – | – |
| 28 February 2024 | ₹125 | – | – |
| 27 February 2024 | ₹135 | – | – |
| 26 February 2024 | ₹120 | – | – |
| 25 February 2024 | ₹110 | – | – |
| 24 February 2024 | ₹95 | – | – |
| 23 February 2024 | ₹17 | – | – |
Owais Metal and Mineral Processing IPO Detail Video:
Owais Metal and Mineral Processing IPO Subscription Status (Bidding Detail)
The Owais Metal and Mineral Processing IPO on February 28, 2024 at 7:30:00 PM was subscribed 221.18 times, with the retail category being subscribed 248.50 times, the NII (Non-Institutional Investor) category being subscribed 329.36 times, QIB (Qualified-Institutional Buyers) category being subscribed 92.06 times.
| Category | Subscription |
| QIB | 92.06x |
| NII | 329.36x |
| Retail | 248.50x |
| Total | 221.18x |
Owais Metal and Mineral Processing IPO Prospectus
| Owais Metal and Mineral Processing IPO DRHP | Download |
| Owais Metal and Mineral Processing IPO RHP | Download |
| Owais Metal and Mineral Processing IPO Anchor Investors Details PDF | Download |
Owais Metal and Mineral Processing IPO Rating
| Our Rating | 2.0/5.0 |
Owais Metal and Mineral Processing Company Contact Information
Owais Metal and Mineral Processing Limited
Registered Office: C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam Madhya Pradesh-457001 India.
Contact Person: Saiyyed Owais Ali, Managing Director
Email Id: info@ommpl.com
Tel No: +91-9300096498
Website: www.ommpl.com
Our Promoter: Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali
Owais Metal and Mineral Processing IPO Registrar
Link Intime India Private Limited
Registered Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East,
Mumbai- 400093, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed
SEBI Registration No.: INR000001385
Owais Metal and Mineral Processing IPO Lead Manager
Registered Office: Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street,
Fort, Mumbai– 400001, Maharashtra, India.
Tel No.: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Mr. Ravi Bombarde
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128
Owais Metal and Mineral Processing IPO FAQs
What is the lot size of Owais Metal and Mineral Processing IPO?
The total size of Owais Metal and Mineral Processing IPO is ₹42.69 crores and this is a complete fresh Issue.
When will Owais Metal and Mineral Processing IPO start?
Owais Metal and Mineral Processing IPO will open from 26 February 2024 and IPO will close on 28 February 2024.
What is the open date of Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing IPO will open date from 26 February 2024.
What is the last date ( close date ) of Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing IPO will close from 28 February 2024.
What is the price band of Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing IPO price band is ₹83 to ₹87. ( Upper Price Band: ₹87, Lower Price Band: ₹83 )
What is the minimum amount required to apply for Owais Metal and Mineral Processing IPO?
The minimum investment for retailers to apply for Owais Metal and Mineral Processing IPO is ₹139,200 and the maximum investment is ₹139,200.
What is going on gray market premium of Owais Metal and Mineral Processing IPO?
View gray market premium of Owais Metal and Mineral Processing IPO by Clicking Here
How much is the GMP of Owais Metal and Mineral Processing IPO?
Watch Owais Metal and Mineral Processing IPO GMP Today: Click Here
What is the allotment date of Owais Metal and Mineral Processing IPO?
The allotment date of Owais Metal and Mineral Processing IPO is 29 February 2024.
How to check allotment status in Owais Metal and Mineral Processing IPO?
To check the allotment status of Owais Metal and Mineral Processing IPO, first of all go to the registrar website by clicking here, select your bad Owais Metal and Mineral Processing IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Owais Metal and Mineral Processing IPO?
The listing date of Owais Metal and Mineral Processing IPO is 4 March 2024.
How much will be the listing gain in Owais Metal and Mineral Processing IPO?
View listing gain of Owais Metal and Mineral Processing IPO by Clicking Here
How much time Owais Metal and Mineral Processing IPO is subscribed?
Total 221.18 times subscribed in Owais Metal and Mineral Processing IPO out of which 248.50 times subscription was done in retail quota, 329.36 times subscription in NII quota and 92.06 times subscription in QIB quota.
How to apply for Owais Metal and Mineral Processing IPO from Upstox?
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How to apply for Owais Metal and Mineral Processing PO from Zerodha?
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How to apply for Owais Metal and Mineral Processing IPO from Angle One?
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