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owais metal and mineral ipo

Owais Metal and Mineral Processing IPO

  • Status: Closed
  • RHP:
  • ₹ 132,800 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    26 Feb 2024

  • Close Date

    28 Feb 2024

  • IPO Price Range

    ₹ 83

  • IPO Size

    ₹ 42.69 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    04 Mar 2024

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IPO Timeline

Owais Metal and Mineral Processing IPO Subscription Status

Last Updated: 15 March 2024 10:28 AM by 5Paisa

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.

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

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

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.
 

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FAQs

Owais Metal and Mineral Processing IPO opens from 26th February to 28th February 2024.
 

The size of Owais Metal and Mineral Processing IPO is ₹42.69 cr. 

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.

The price band of Owais Metal and Mineral Processing IPO is fixed at ₹83 to ₹87 per share. 

The minimum lot size of Owais Metal and Mineral Processing IPO is 1600 shares and the investment required is ₹1,32,800.

The share allotment date of Owais Metal and Mineral Processing IPO is 29th February 2024.

The Owais Metal and Mineral Processing IPO will be listed on 4th March 2024.

Gretex Corporate Services Limited is the book-running lead manager for 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.