What you must know about Owais Metal and Mineral Processing IPO?
by 5paisa Research Team
22 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 04-Mar-24
- IPO Price Range ₹ 83
- Listing Price ₹ 250
- Listing Change 201.2%
- Last Traded Price ₹ 889.95
- Current Change 972.2%
Owais Metal IPO Details
- Open Date 26-Feb-24
- Close Date 28-Feb-24
- Lot Size 1600
- IPO Size ₹ 42.69 Cr
- IPO Price Range ₹ 83
- Min Investment ₹ 132,800
- Listing Exchange NSE SME
- Basis of Allotment 29-Feb-24
- Refunds 01-Mar-24
- Credit to Demat Account 01-Mar-24
- Listing Date 04-Mar-24
Owais Metal and Mineral Processing IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Feb-24 | 0.01 | 6.07 | 9.95 | 6.28 |
| 27-Feb-24 | 0.71 | 37.25 | 79.11 | 47.76 |
| 28-Feb-24 | 92.06 | 329.36 | 248.50 | 221.18 |
Owais Metal IPO Synopsis
Owais Metal and Mineral Processing Limited IPO is all set to open from 26th February to 28th February 2024. The company manufactures and processes various metals and minerals. The IPO includes a fresh issue of 4,907,200 shares worth ₹42.69 cr. The share allotment date is 29th February 2024, and the IPO will be listed on 4th March 2024 on the stock exchanges. The price band is ₹83 to ₹87 and the lot size is 1600 shares.
Gretex Corporate Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Owais Metal and Mineral IPO:
Owais Metal and Mineral Processing Limited plans to utilize the raised capital from the IPO to:
● To fund the purchase of equipment for manufacturing
● To fund the working capital requirements.
● General corporate purposes.
About Owais Metal and Mineral Processing
Established in 2022, Owais Metal and Mineral Processing Limited manufactures and processes various metals and minerals. Below is its product portfolio:
● Manganese Oxide (MNO)
● MC Ferro Manganese
● Manufacturing of Wood Charcoal
● Processing of Minerals such as Ferro Alloy, Quartz and Manganese Ore.
These products are used in a diverse range of industries including the Ferro Alloys industry, the tiles & ceramic industry, the glass industry and the industry of interiors & furniture.
Owais’ factory is located in Meghnagar on the border of Gujarat, Madhya Pradesh and Rajasthan. These three states are also the major customers of the company.
Peer Comparison
● Impex Ferro Tech Limited
● Indian Metals & Ferro Alloys Limited
For More Information:
Webstory on Owais Metal and Mineral Processing IPO
Owais Metal and Mineral Processing Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 39.17 | 27.98 | 20.87 |
| EBITDA | - | - | - |
| PAT | 5.41 | 0.49 | 0.24 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 27.63 | 18.25 | 18.15 |
| Share Capital | 13.01 | 4.18 | 2.57 |
| Total Borrowings | 14.62 | 14.06 | 15.58 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -0.35 | 0.25 | -1.90 |
| Net cash from / (used in) investing activities | -1.86 | -0.35 | 1.99 |
| Net cash flow from / (used in) financing activities | 2.10 | 0.26 | -0.22 |
| Net increase (decrease) in cash and cash equivalents | -0.11 | 0.16 | -0.13 |
Owais Metal IPO Key Points
-
Strengths
1. The company has an Existing Client Base.
2. It is focused on Optimal Utilization of Resources.
3. The company has a Fully Integrated Manufacturing Facility.
4. The company prioritizes lasting customer relationships.
5. It has a well-developed distribution network.
-
Risks
1. The company is highly dependent upon a limited number of suppliers and customers.
2. A majority of our revenue is dependent on two products.
3. The business requires a number of approvals, NOCs, licenses, registrations and permits.
4. It is also subject to certain environmental regulations and permitting requirements.
5. The business is capital-intensive.
6. High working capital requirements.
7. The industry it operates is highly competitive and fragmented.
Owais Metal
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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Owais Metal IPO FAQs
When does the Owais Metal and Mineral Processing IPO opens and closes?
Owais Metal and Mineral Processing IPO opens from 26th February to 28th February 2024.
What is the size of the Owais Metal and Mineral Processing IPO issue?
The size of Owais Metal and Mineral Processing IPO is ₹42.69 cr.
How to apply for the Owais Metal and Mineral Processing IPO?
To apply for Owais Metal and Mineral Processing IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Owais Metal and Mineral Processing Limited IPO.
● 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.
What is the price band of Owais Metal and Mineral Processing IPO?
The price band of Owais Metal and Mineral Processing IPO is fixed at ₹83 to ₹87 per share.
What is the minimum lot size and investment required for the Owais Metal and Mineral Processing IPO?
The minimum lot size of Owais Metal and Mineral Processing IPO is 1600 shares and the investment required is ₹1,32,800.
What is the allotment date of the Owais Metal and Mineral Processing IPO?
The share allotment date of Owais Metal and Mineral Processing IPO is 29th February 2024.
What is the Owais Metal and Mineral Processing IPO listing date?
The Owais Metal and Mineral Processing IPO will be listed on 4th March 2024.
Who are the book runners for the Owais Metal and Mineral Processing IPO?
Gretex Corporate Services Limited is the book-running lead manager for Owais Metal and Mineral Processing IPO.
What is the objective of the Owais Metal and Mineral Processing IPO?
Owais Metal and Mineral Processing Limited plans to utilize the raised capital from the IPO to:
1. To fund the purchase of equipment for manufacturing
2. To fund the working capital requirements.
3. General corporate purposes.
Contact Details of Owais Metal and Mineral Processing IPO
Contact Information
Owais Metal and Mineral Processing Limited
C/o Sayyad Akhtar Ali Vahid Nagar,
Old Baipass Road NA
Ratlam - 457001
Phone: +91-9300096498
Email: info@ommpl.com
Website: http://www.ommpl.com/
Owais Metal and Mineral Processing IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Owais Metal and Mineral Processing IPO Lead Manager
Gretex Corporate Services Limited
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