Last updated on March 4, 2024
Owais Metal and Mineral IPO description – The company is into manufacturing and processing of metals and minerals of Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing of Wood Charcoal, Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ore.
Manganese Oxide is used in the fertilizer industry and Manganese Sulphate Plants. Manganese Ore is used in the manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries, and other Ferro products. MC Ferro Manganese is used in steel and casting industries, as it assists in removing sulphur from steel and improves properties, like durability, machinability, and malleability. It can deoxidize molten metal. Wood Charcoal is used in furnaces of industries which require high heat for their manufacturing process such as the Steel industry.
The company’s factory is situated in Meghnagar on the border of Gujarat, Madhya Pradesh and Rajasthan. Gujarat, Madhya Pradesh, and Rajasthan are the three major consumers of Manganese oxide and MC Ferro Manganese. Therefore, this location helps the company in minimizing its transportation and labour costs.
Promoters of Owais Metal and Mineral – Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali
Table of Contents
Owais Metal and Mineral IPO Details
| Owais Metal and Mineral IPO Dates | 26 – 28 Feb 2024 |
| Owais Metal and Mineral Issue Price | INR 83 – 87 per share |
| Fresh issue | 4,907,200 shares (INR 40.73 – 42.69 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,907,200 shares (INR 40.73 – 42.69 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 139,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Owais Metal and Mineral Financial Performance
| Â | FY 2023 | 9M FY 2024 |
| Revenue | – | 39.52 |
| Expenses | 0.13 | 29.55 |
| Net income | (0.13) | 7.65 |
Owais Metal and Mineral Offer News
- Owais Metal and Mineral RHP
- Owais Metal and Mineral Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Owais Metal and Mineral Valuations & Margins
| FY 2023 | |
| EPS | (0.10) |
| PE ratio | – |
| RONW (%) | (22.22) |
| NAV | 0.46 |
| EBITDA (%) | 0.00 |
| Debt/Equity | 5.61 |
Owais Metal and Mineral IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 March 2024 | 120 | – | 150,000 |
| 1 March 2024 | 115 | – | 150,000 |
| 29 February 2024 | 115 | – | 150,000 |
| 28 February 2024 | 110 | – | 145,000 |
| 27 February 2024 | 90 | – | 130,000 |
| 26 February 2024 | 70 | – | 90,000 |
Owais Metal and Mineral IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 912,000 | 684,800 | 1,598,400 | 3,195,200 |
| 28 Feb 2024 | 92.06 | 329.86 | 248.50 | 221.28 |
| 27 Feb 2024 | 0.71 | 37.62 | 77.88 | 47.23 |
| 26 Feb 2024 | 0.01 | 5.97 | 9.56 | 6.06 |
The market maker reservation portion of 344,000 shares is not included in the above calculations.
Owais Metal and Mineral IPO Allotment Status
Owais Metal and Mineral IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Owais Metal and Mineral IPO Dates & Listing Performance
| IPO Opening Date | 26 February 2024 |
| IPO Closing Date | 28 February 2024 |
| Finalization of Basis of Allotment | 29 February 2024 |
| Initiation of refunds | 1 March 2024 |
| Transfer of shares to demat accounts | 1 March 2024 |
| IPO Listing Date | 4 March 2024 |
| Opening Price on NSE SME | INR 250 per share (up 187.36%) |
| Closing Price on NSE SME | INR 262.5 per share (up 201.72%) |
Owais Metal and Mineral Offer Lead Manager
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email:Â [email protected]
Website:Â www.gretexcorporate.com
Owais Metal and Mineral Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Owais Metal and Mineral IPO Contact Details
OWAIS METAL AND MINERAL PROCESSING LIMITED
C/o Sayyad Akhtar Ali Vahid Nagar,
Old Baipass Road Ratlam Madhya Pradesh-457001
Phone: +91-9300096498
E-mail: [email protected]
Website: www.ommpl.com
IPO FAQs
What is the Owais Metal and Mineral offer size?
Owais Metal and Mineral offer size is INR 40.73 – 42.69 crores.
What is the Owais Metal and Mineral offer price band?
Owais Metal and Mineral public offer price is INR 83 – 87 per share.
What is the lot size of the Owais Metal and Mineral IPO?
Owais Metal and Mineral offer lot size is 1,600 shares.
What is Owais Metal and Mineral IPO GMP today?
Owais Metal and Mineral IPO GMP today is INR 120 per share.
What is the Owais Metal and Mineral kostak rate today?
Owais Metal and Mineral kostak rate today is NA per application.
What is Owais Metal and Mineral Subject to Sauda rate today?
Owais Metal and Mineral are Subject to the Sauda rate today is INR 150,000 per application.
