Owais Metal and Mineral Processing IPO
The initial public offering (IPO) of Owais Metal and Mineral Processing will open for subscription on February 26 and close on February 29, comprising fresh issues of Rs.42.69 Cr. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on March 04, 2024.
#1. Quick Intro to Owais Metal and Mineral Processing
Owais Metal and Mineral Processing Limited (2022) is engaged in the production and processing of metals and minerals. Prior to the incorporation of the company, the business was carried on under the name of M/s Owai Ali Overseas, a sole proprietorship firm of the promoter Mr. Saiyyed Owais Ali.
The company is engaged in the manufacturing and processing of the following products.
- Manganese oxide (MNO).
- MC Ferro Manganese.
- Charcoal Production.
- Processing of minerals such as ferroalloys, quartz and manganese ore.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Owais Metal and Mineral Processing
The company intends to use the IPO Funds for the following purposes:
- Purchase of equipments to facilitate manufacturing.
- Working capital requirements.
- General corporate purposes.
#3. Owais Metal and Mineral Processing Core Strengths
- Existing client base.
- Optimal utilization of resources.
- Fully integrated manufacturing facility.
- Cordial relationship with our customers.
- Well developed distribution network.
#4. Owais Metal and Mineral Processing IPO Review & Rating
| Issue Size | Rs.42.69 Crore |
| Issue Price | Rs.83 to Rs.87 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (March 2023) | Rs.-12.72 Lakh |
| ROE | -5.35 |
| ROCE | – |
| Listing on | NSE SME |
| IPO Deliver Rating | One |
#5. Owais Metal and Mineral Processing IPO Dates, Price Band & Details
Owais Metal and Mineral Processing IPO will open on February 26, 2024, and close on February 28, 2024. The IPO is to be listed on March 04, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.42.69 Crore |
| Price Brand | Rs.83 to Rs.87 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 26, 2024 |
| IPO Close Date | February 28, 2024 |
| IPO Allotment Date | February 29, 2024 |
| Refund Date | March 01, 2024 |
| Share Credit Date | March 01, 2024 |
| Listing Date | March 04, 2024 |
#6. Owais Metal and Mineral Processing IPO Offer Details
Owais Metal and Mineral Processing IPO’s total issue size is 4,907,200. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 4,907,200 | 42.69 |
| Offer for Sale (OFS) | – | – |
#7. Owais Metal and Mineral Processing Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | – | – | – |
| Net Worth | 57.28 | – | – |
| Profit | -12.72 | – | – |
| Total Borrowings | 1,350.59 | – | – |
#8. Owais Metal and Mineral Processing Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | -427.56 | – | – |
| RoNW (%) | -22.22 | – | – |
| NAV (Rs.) | 192.46 | – | – |
#9. Owais Metal and Mineral Processing Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue | RoNW (%) | NAV (Rs.) |
| Impex Ferro Tech Limited | 14,338.17 | 0.00 | -13.65 |
| Indian Metals & Ferro Alloys Limited | 2,67,639.00 | 12.14 | 344.33 |
#10. Owais Metal and Mineral Processing Company Promoters
The company has One promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Saiyyad Owais Ali |
#11. Owais Metal and Mineral Processing Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100.00 |
| Post-issue | 73.01 |
#12. Owais Metal and Mineral Processing IPO Reservation Details
Owais Metal and Mineral Processing IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | Not less than 35% of the Issue size |
| QIB Shares Offered | Not more than 50% of the Issue size |
| NII (HNI) Shares Offered | Not less than 15% of the Issue size |
#13. Owais Metal and Mineral Processing IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 139,200 |
| Retail (Max.) | 1 | 1600 | 139,200 |
| HNI (Min.) | 2 | 3,200 | 278,400 |
#14. Owais Metal and Mineral Processing IPO – Prospectus Copy
An investor can download/view the Owais Metal and Mineral Processing prospectus copy, which the company filed to exchange, details are as follows.
| Owais Metal and Mineral Processing IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Owais Metal and Mineral Processing IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-22-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. Owais Metal and Mineral Processing IPO Lead Manager
Gretex Corporate Services Limited
Phone No.: +91-9653249863
E-Mail: info@gretexgroup.com
Website: www.gretexgroup.com
#17. Owais Metal and Mineral Processing IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Owais Metal and Mineral Processing IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Owais Metal and Mineral Processing Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Owais Metal and Mineral Processing Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Owais Metal and Mineral Processing Company Details
Owais Metal and Mineral Processing Limited
Registered Office: ℅ Sayyad Akhtar Ali, Vahid Nagar, Old Baipass Road NA Ratlam Madhya Pradesh-457001 India
Phone No: +91-9300096498
Email: info@ommpl.com
Website: www.ommpl.com
Investor Grievances/Compliance Officer: Saiyyed Owais Ali
#19. Owais Metal and Mineral Processing Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Owais Metal and Mineral Processing Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Saiyyed Owais Ali |
| 02. | Saiyyed Murtuza Ali |
Owais Metal and Mineral Processing IPO – Frequently Asked Questions (FAQs)
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#1. What is an Owais Metal and Mineral Processing IPO? Owais Metal and Mineral Processing brings its IPO of Rs.42.69 Crore, on February 26, 2024, with a price band of Rs.83 to Rs.87 per share. |
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#2. What is the Owais Metal and Mineral Processing IPO Open date? Owais Metal and Mineral Processing IPO’s opening date is February 26, 2024. |
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#3. What is the Owais Metal and Mineral Processing IPO Close Date? Owais Metal and Mineral Processing IPO’s closing date is February 28, 2024. |
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#4. What is the Owais Metal and Mineral Processing IPO Listing date? Owais Metal and Mineral Processing’s IPO listing date is March 04, 2024. |
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#5. What is the Owais Metal and Mineral Processing IPO Minimum investment amount? Owais Metal and Mineral Processing IPO’s minimum investment amount is Rs. 139,200. |
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#6. What is the Owais Metal and Mineral Processing IPO offer issue Size? Owais Metal and Mineral Processing offers an issue size of Rs.42.69 Crore. |
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#7. What is the Owais Metal and Mineral Processing IPO Price Band? Owais Metal and Mineral Processing’s IPO price band is Rs.83 to Rs.87 per share. |
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#8. Is Owais Metal and Mineral Processing IPO mainboard IPO or SME IPO? Owais Metal and Mineral Processing IPO is an SME IPO. |
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