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Owais Metal and Mineral Processing Ltd

Owais Metal and Mineral Processing Ltd IPO Details

Listing Date

04 Mar 2024

Bid Price

₹87 - ₹87

Lot Size

1600 Shares

Minimum Investment

₹1,39,200 / 2 Lots

Issue Size

₹42.69 Cr

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

26th Feb

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Offer End Date

28th Feb

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Allotment Date

29th Feb

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Refund Initiation

1st Mar

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Demat Transfer

1st Mar

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Listing Date

4th Mar

Owais Metal and Mineral Processing Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 99.99% 73.01%
Public Group 0.01% 26.99%

Owais Metal and Mineral Processing Ltd IPO Reservation

QIB Shares Offered 22,80,000 (46.46%)
NII (HNI) Shares Offered 6,84,800 (13.96%)
Retail Shares Offered 15,98,400 (32.57%)
Anchor Investor Shares Offered 0 (0%)
Total Shares Offered 49,07,200
Total Shares With Anchor Investor 49,07,200

Owais Metal and Mineral Processing Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 ₹1,39,200
Retail (Max) 1 1,600 ₹1,39,200
S HNI (Min) 2 3,200 ₹2,78,400
S HNI (Max) 7 11,200 ₹9,74,400
B HNI (MIN) 8 12,800 ₹11,13,600

Owais Metal and Mineral Processing Ltd IPO registrar

Bigshare Services Pvt Ltd
Phone Number +91 - 22 - 6263 8200;
Email Id ipo@bigshareonline.com
Website www.bigshareonline.com

Owais Metal and Mineral Processing Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

Owais Metal and Mineral Processing Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 22,72,84,800 0
Retail Individual Investors (RIIs) 0 42,10,19,200 0
Total 0 73,22,65,600 149.2227

Strength of Owais Metal and Mineral Processing Ltd

  • Existing Client Base.
  • Optimum Utilization of Resources.
  • Fully Integrated Manufacturing Facility.
  • Cordial Relationship with its Customers.
  • Well Developed Distribution Network.

Risks Involved

  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
  • The Company has been formed specifically for the purpose of acquisition of the business of M/s Owais Ali Overseas (Proprietorship firm of its Promoter) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or prospects.
  • Its Registered Office is not owned by it. The same is occupied by the company on a lease basis. Disruption of its rights as lessee or termination of the agreements with its lessor would adversely impact its operations and, consequently, its business.
  • Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. Loss of its key customers or significant reduction in demand from, its significant customers may materially and adversely affect its business and financial performance.
  • Its business involves usage of manpower and any unavailability of the company employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.
  • Any failure to maintain quality control systems for its goods could have a material adverse effect on the company's business, reputation, results of operations and financial condition.
  • The Company have undertaken business activities not contained into the Main Object clause of the MOA. Although due rectification of the MOA non-compliance has been made, we are not sure if the Company may be subjected to penalties for any of its past actions in this respect.
  • The company generally do business with its customers on purchase order basis and do not enter into long term contracts with most of them.
  • The company does not generally enter into agreements with its raw material suppliers or traded goods suppliers. Any disruption in supplies from them may adversely affect its production process.
  • Its continued operations are critical to the company's business and any shutdown of its manufacturing unit may adversely affect the company's business, results of operations and financial condition.
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Frequently Asked Questions

What is Owais Metal and Mineral Processing Ltd IPO?

Answer Field

Owais Metal and Mineral Processing Ltd IPO is a SME IPO of 49,07,200 equity shares of a face value of ₹10 aggregating up to ₹42.69 Crores. The issue is priced at ₹87 to ₹87 per share. The minimum order quantity is 1600 Shares. The IPO opens on February 26, 2024, and closes on February 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Owais Metal and Mineral Processing Ltd IPO will open?

Answer Field

The Owais Metal and Mineral Processing Ltd IPO opens on February 26, 2024 and closes on February 28, 2024.

What is the lot size of Owais Metal and Mineral Processing Ltd?

Answer Field

Owais Metal and Mineral Processing Ltd lot size is 1600 shares, and the minimum amount required is ₹1,39,200.

How to apply for Owais Metal and Mineral Processing Ltd IPO?

Answer Field

You can apply in Owais Metal and Mineral Processing Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Owais Metal and Mineral Processing Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Owais Metal and Mineral Processing Ltd IPO will be done on February 29, 2024, and the allotted shares will be credited to your demat account by March 01, 2024.

When is Owais Metal and Mineral Processing Ltd IPO listing date?

Answer Field

The Owais Metal and Mineral Processing Ltd listing date is March 04, 2024.

Who is the registrar of Owais Metal and Mineral Processing Ltd IPO?

Answer Field

The registrar of Owais Metal and Mineral Processing Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Gretex Corporate Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Owais Metal and Mineral Processing Ltd IPO?

Answer Field

The fresh issue size is ₹42.69 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Owais Metal and Mineral Processing Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,39,200 amount.

How can I approve the UPI mandate request for Owais Metal and Mineral Processing Ltd IPO?

Answer Field

To apply for Owais Metal and Mineral Processing Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Owais Metal and Mineral Processing Ltd?

Answer Field

The price of each Owais Metal and Mineral Processing Ltd share will be ranging in between ₹87 to ₹87 per share.

What is the cut-off time for the UPI mandate for Owais Metal and Mineral Processing Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 28, 2024.

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