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Owais Metal and Mineral Processing Ltd

Mining & Mineral products

Offer Period :

26th to 28th Feb 2024

Owais Metal and Mineral Processing Ltd IPO Details

IPO Date 26th to 28th Feb 2024 Minimum Investment ₹139200 / 1 Lots
Listing Date 2024-03-04 Maximum Investment ₹139200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹42.69 Crores
Price ₹87 to ₹87 per share Fresh Issue ₹42.69 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 13275198 Shares
Issue Type Book Building - SME Shareholding Post Issue 18182398 Shares
IPO Date 26th to 28th Feb 2024
Listing Date 2024-03-04
Face Value ₹10 per share
Price ₹87 to ₹87 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Total Issue Size ₹42.69 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹139200 / 1 Lots
Maximum Investment ₹139200 / 1 Lots
Fresh Issue ₹42.69 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 13275198 Shares
Shareholding Post Issue 18182398 Shares

About Owais Metal and Mineral Processing Ltd IPO

Founding Head: 2022

Managing Director: [-]

Owais Metal and Mineral Processing Limited Timeline

Important dates for allocation and IPO listing.

26th Feb

IPO Opens

28th Feb

IPO Close

29th Feb

Allotment Date

1st Mar

Initiation of Refund

1st Mar

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder 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 2280000(46.46%)
NII (HNI) Shares Offered 684800(13.96%)
Retail Shares Offered 1598400(32.57%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4907200
Total Shares With Anchor Investor 4907200

Owais Metal and Mineral Processing Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹139200
Retail (Max) 1 1600 ₹139200
S HNI (Min) 2 3200 ₹278400
S HNI (Max) 7 11200 ₹974400
B HNI (MIN) 8 12800 ₹1113600

Owais Metal and Mineral Processing Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Owais Metal and Mineral Processing Ltd IPO Registrar

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

Owais Metal and Mineral Processing Ltd IPO Lead Manager

1. Gretex Corporate Services Ltd

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Owais Metal and Mineral Processing Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31,
Net Worth ₹68.33 ₹0.57
Reserves and Surplus ₹50.14 ₹0.44
Total Borrowing ₹13.51 ₹3.21

Owais Metal and Mineral Processing Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 227284800 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 421019200 0
Total 0 732265600 149.2227

Strength of Owais Metal and Mineral Processing Ltd

1. Existing Client Base.

2. Optimum Utilization of Resources.

3. Fully Integrated Manufacturing Facility.

4. Cordial Relationship with its Customers.

5. Well Developed Distribution Network.

Risks Involved

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. The company generally do business with its customers on purchase order basis and do not enter into long term contracts with most of them.

9. 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.

10. 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.

Why should you invest in

-

Owais Metal and Mineral Processing Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Owais Metal and Mineral Processing Limited IPO Contact Details

Owais Metal and Mineral Processing Limited
Phone Number +91-93000 96498
Email Id info@ommpl.com
Address C/o Sayyad Akhtar Ali Vahid-, Nagar Old Baipass Road NA, Ratlam, Madhya Pradesh, 457001
Our Website www.ommpl.com

Owais Metal and Mineral Processing Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-04 92292 OWAIS
INE0R8M01017
₹87 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹87 ₹87
Open ₹0 ₹250
Low ₹0 ₹241
High ₹0 ₹262.5
Low ₹0 ₹241

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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