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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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.
IPO Overview
Owais Metal and Mineral Processing is offering shares worth Rs 42.69 crore through a book-building IPO. Its fresh offer involves the issuance of 49.07 lakh shares. The Owais Metal and Mineral Processing IPO subscription window runs from February 26 to February 28, 2024. 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
Founded in 2022, Owais Metal and Mineral Processing Limited is dedicated to the manufacturing and processing of metals and minerals. Prior to its founding, the firm operated as M/s Owais Ali Overseas, functioning as a sole proprietorship entity under the ownership of Mr. Saiyyed Owais Ali. The company’s manufacturing facility is in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company employed 25 permanent employees.
The company is engaged in the manufacturing and processing of the following products
- Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants
- MC Ferro Manganese: used in the steel and casting industry
- Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry
- The treatment of minerals such as ferroalloys, quartz, and manganese ore is pivotal for supplying materials to the hotel, tile, ceramics, glass, and interior design/furniture domains. The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujrat.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Owais Metal and Mineral Processing Limited |
| Phone number | +91-9300096498 |
| Email ID | info@ommpl.com |
| 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.
