IPO Details
Bidding Dates
25 Feb '24 - 27 Feb '24
Minimum Investment
₹139,200 / 1 Lot ( 1600 Shares )
Price Range
₹10
Maximum Investment
₹139,200 / 1 Lot ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹42.69 Cr
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 25, 2024
IPO Closing Date
Feb 27, 2024
Basis of Allotment
Feb 28, 2024
Initiation of Refunds
Feb 29, 2024
Credit of Shares to Demat
Feb 29, 2024
Listing Date
Mar 3, 2024
Cut-off time for UPI mandate confirmation
Feb 27, 2024
Owais Metal and Mineral IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Feb 25, 2024 |
0.00x | 0.57x | 3.07x | 1.66x |
Day 2Feb 26, 2024 |
0.71x | 37.27x | 79.19x | 47.81x |
Owais Metal and Mineral IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 0.71 |
| Non-Institutional Buyers | 37.27 |
| Retail Investors | 79.19 |
| Total | 47.81 |
About Owais Metal and Mineral Processing Limited
Incorporated in 2023, Owais Metal and Mineral Processing Limited is a manufacturer and processor of various metals and minerals. Uniquely diversified across the broad spectrum of natural resources with main interests in manufacturing and processing metal and minerals.
The company is engaged in the manufacturing and processing of the following products: (1) Manganese Oxide (MNO), (2) MC Ferro Manganese, (3) Manufacturing of Wood Charcoal and (4) Processing of Minerals such as Ferro Alloy, Quartz and Manganese Ore.
When it comes to steel and alumina production and conversion costs, India has a little advantage. Due to its advantageous position, it can take advantage of rapidly increasing Asian markets and export potential. By 2026, imports of manganese into India are expected to total approximately 75 million kilogrammes, expanding at an average annual rate of 3.6%. By 2026, manganese exports from India are projected to increase at an average annual rate of 3.3% to 570,600 kilogrammes.
Owais Metal and Mineral Processing Limited IPO Details
Owais Metal and Mineral Processing Limited IPO Date
Owais Metal IPO is a 100% fresh issue of 49,07,200 shares. Owais Metal and Mineral Processing Limited’s IPO will be listed on the NSE Emerge. It is a book-built issue IPO.
Owais Metal and Mineral Processing Limited IPO Price Band
The price range of the IPO has been decided at ₹83 to ₹87 per share.
Owais Metal and Mineral Processing Limited IPO Lot Size
The lot size of the IPO is 1,600 shares.
Owais Metal and Mineral Processing Limited IPO Objectives
The objectives of Owais Metal IPO are listed below:
- Purchase of equipment to facilitate manufacturing.
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, the company has 2 listed peers mentioned below:
- Impex Ferro Tech Limited
- Indian Metals & Ferro Alloys Ltd
How To Check the Allotment Status of the Owais Metal and Mineral Processing Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Owais Metal and Mineral Processing Limited
Registered office: C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam Madhya Pradesh-457001 India
Phone: +91-9300096498
E-mail:info@ommpl.com
Company Financial Performance
| Particulars ( in ₹ lakh) | Period Ended on December 31, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 3,977.54 | 3,973.47 | 2,832.71 | 2,108.75 |
| Profit After Tax (PAT) | 765.47 | 541.07 | 48.63 | 24.42 |
| Assets | 5,164.23 | 2,763.67 | 1,825.39 | 1,815.76 |
Know before investing
Strengths
2-
The company has developed and implemented a wide range of networking channels throughout the industry and society to strengthen the scope of identifying the core customer base and designing the right marketing strategies for procurement and liaising projects to deliver customised solutions for clients.
-
As a part of its growth strategy, the company is focused on increasing sales volume through expansion, diversification and spread in geographical outreach.
Risks
2-
The company and its promoters and directors are facing outstanding legal proceedings. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
-
The company earns a substantial portion of its revenues from a few of its customers. Any loss of its key customers or a significant reduction in demand from its significant customers may materially and adversely affect its business and financial performance.
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Owais Metal and Mineral Processing Ltd IPO FAQs
Owais Metal and Mineral Processing Limited IPO is a 100% fresh issue, which will open from February 26, 2024, to February 28, 2024.
The Basis of Allotment will be on February 29, 2024.
The IPO subscription window will open from February 26, 2024, to February 28, 2024.
The lot size of the IPO has been decided at 1,600 shares.
Owais Metal and Mineral Processing Limited IPO will be listed on NSE Emerge.
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
