The Owais Metal and Mineral IPO date has been confirmed from February 26, 2024 and closes on February 28, 2024. Read the post to learn about Owais Metal and Mineral IPO GMP.
The IPO of Owais Metal and Mineral Developers amounts to Rs 42.69 crores with a fixed price offering. Investors can purchase shares of Owais Metal and Mineral Developers within the price band of ₹83 to ₹87 per share during its IPO. The application requires a minimum of 1600 shares. To participate, retail investors need to invest at least ₹139,200. HNIs must commit to a minimum investment of 2 lots (3,200 shares), equating to ₹278,400.
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Key Details Of Owais Metal and Mineral Developers IPO:
Bidding Dates
Feb 26-28
Price Range
₹83 to ₹87 per share
Face Value
₹10 per share
GMP
₹100
Owais Metal and Mineral IPO GMP
The Owais Metal and Mineral IPO GMP Today is ₹100.
Owais Metal and Mineral IPO Overview
Through a book-building IPO, Owais Metal and Mineral Processing is offering shares valued at Rs 42.69 crore. The Owais Metal and Mineral IPO GMP Today is ₹100. 49.07 lakh shares will be issued as part of its latest offer. February 26–February 28, 2024 is the subscription window for the Owais Metal and Mineral Processing IPO.The Owais Metal and Mineral Processing IPO’s allocation is scheduled to wrap up on Thursday, February 29, 2024. NSE SME will host the listing of Owais Metal and Mineral Processing IPO, anticipated on Monday, March 4, 2024.
Owais Metal and Mineral Processing has set its IPO price range at ₹83-₹87 per share. Owais Metal and Mineral IPO GMP Today is ₹100. For each application, a minimum of 1600 shares is mandated. Retail investors must commit a minimum of ₹139,200 for investment. HNIs are required to invest a minimum of 2 lots, equivalent to 3,200 shares, amounting to ₹278,400, to participate.
Owais Metal and Mineral IPO Details
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹87 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,907,200 shares (aggregating up to ₹42.69 Cr) |
| Fresh Issue | 4,907,200 shares (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 |
| Market Maker portion | 344,000 shares |
Owais Metal and Mineral Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 5,164.23 | 379.62 |
| Revenue | 3,977.54 | |
| Profit After Tax | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves and Surplus | 795.25 | 44.28 |
| Total Borrowing | 1,350.59 | 321.29 |
| Amount in ₹ Lakhs | ||
Owais Metal and Mineral IPO Timeline
| IPO Open Date | Monday, February 26, 2024 |
| IPO Close Date | Wednesday, February 28, 2024 |
| Basis of Allotment | Thursday, February 29, 2024 |
| Initiation of Refunds | Friday, March 1, 2024 |
| Credit of Shares to Demat | Friday, March 1, 2024 |
| Listing Date | Monday, March 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2024 |
Company Profile
Owais Metal and Mineral Processing Limited was established in 2022 with the primary goal of producing and handling metals and minerals. Mr. Saiyyed Owais Ali was the only proprietor of the company prior to its founding, when it was known as M/s Owais Ali Overseas. The company’s Meghnagar, Madhya Pradesh, manufacturing plant is situated there. On December 31, 2023, there were 25 permanent employees of the company.
- Manganese sulphate factories and the fertiliser sector both employ manganese oxide (MNO).
- MC Ferro Manganese is utilised in the casting and steel industries.
- Production of charcoal: furnaces in sectors such as steel that need high temperatures for industrial processes are used to produce charcoal.
- To supply materials to the hotel, tile, ceramics, glass, and interior design/furniture industries, minerals such ferroalloys, quartz, and manganese ore must be processed. The following states are served by the company’s goods delivery services: Gujarat, Madhya Pradesh, Maharashtra, Punjab, and Delhi.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Owais Metal and Mineral Processing Limited |
| Phone number | +91-9300096498 |
| Email ID | [email protected] |
| Website | ommpl.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Owais Metal and Mineral IPO FAQs
When Owais Metal and Mineral Processing IPO will open?
The Owais Metal and Mineral Processing IPO opens on February 26, 2024 and closes on February 28, 2024.
What is the lot size of Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing IPO lot size is 1600 Shares, and the minimum amount required is ₹139,200.
When is Owais Metal and Mineral Processing IPO allotment?
The finalization of Basis of Allotment for Owais Metal and Mineral Processing IPO will be done on Thursday, February 29, 2024, and the allotted shares will be credited to your demat account by Friday, March 1, 2024.
When is Owais Metal and Mineral Processing IPO listing date?
The Owais Metal and Mineral Processing IPO listing date is not yet announced. The tentative date of Owais Metal and Mineral Processing IPO listing is Monday, March 4, 2024.
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