Owais Metal and Mineral Processing Ltd
Price Range
₹83 - ₹87
Min. Quantity
1,600
Closes on
28 February 2024
Min. investment
₹1,39,200/1,600 Shares
Owais Metal and Mineral Processing Ltd IPO Timeline
Owais Metal and Mineral Processing Ltd was originally incorporated on December 16, 2022 as 'Owais Ali Overseas Private Limited' with the Registrar of Companies, Central Registration Centre. Subsequently the name of Company was changed to 'Owais Metal and Mineral Processing Private Limited' through a fresh Certificate of Incorporation pursuant to change of name on June 16, 2023. Later, Company converted to a Public Limited and the name of Company was changed to 'Owais Metal and Mineral Processing Limited'. A fresh Certificate of Incorporation on change of name was granted to Company on September 14, 2023, by the Registrar of Companies, Gwalior.
| Event | Date |
|---|---|
| Owais Metal and Mineral Processing Ltd IPO Opening Date | 26 February 2024 |
| Owais Metal and Mineral Processing Ltd IPO Closing Date | 28 February 2024 |
| Basis of Allotment | 29 February 2024 |
| Initiation of Refunds | 1 March 2024 |
| Credit of Shares to Demat | 1 March 2024 |
| Owais Metal and Mineral Processing Ltd IPO Listing Date | 4 March 2024 |
Owais Metal and Mineral Processing Ltd IPO Details
| Owais Metal and Mineral Processing Ltd IPO Date | 26 February 2024 to 28 February 2024 |
| Owais Metal and Mineral Processing Ltd IPO Face Value | ₹10 per share |
| Owais Metal and Mineral Processing Ltd IPO Price | ₹83 to ₹87 per share |
| Owais Metal and Mineral Processing Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹42.69 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Saiyyed Owais Ali, Sayeed Akhtar Ali, Saiyeed Murtaza Ali |
Owais Metal and Mineral Processing Ltd IPO Lot Size
The Owais Metal and Mineral Processing Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,39,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,39,200 |
| Maximum | 1 | 1,600 | ₹1,39,200 |
- Strengths
- Risks
- Opportunities
- Existing Client Base.
- Optimum Utilization of Resources.
- Fully Integrated Manufacturing Facility.
- Cordial Relationship with its Customers.
- Well Developed Distribution Network.
Company Financials
Owais Metal and Mineral Processing Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 90.82 | 80.43 | 15.47 |
| 03-2023 | 3.8 | - | -0.13 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Purchase of Equipments of Facilitate Manufacturing
- Working Capital Requirements
- General corporate purposes
Owais Metal and Mineral Processing Ltd IPO Promoter Holding
| Pre Issue Share Holding | 98.71% |
| Post Issue Share Holding | 72.04% |
Owais Metal and Mineral Processing Ltd IPO Subscription Status (Bidding Detail)
The Owais Metal and Mineral Processing Ltd IPO is subscribed 149.2227 times on 28 February 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 149.2227 |
Owais Metal and Mineral Processing Ltd IPO Prospectus
Owais Metal and Mineral Processing Ltd IPO Listing Date
| Listing Date | 4 March 2024 |
| BSE Script | 92292 |
| NSE Symbol | OWAIS |
| Listing In | NSE - SME |
| ISIN | INE0R8M01017 |
| IPO Price | ₹87 |
| Face Value | ₹10 |
Company Contact Information
C/o Sayyad Akhtar Ali Vahid-Nagar Old Baipass Road NA,Ratlam-457001
Phone: +91-93000 96498
Email: info@ommpl.com
Website: www.ommpl.com
Owais Metal and Mineral Processing Ltd IPO Registrar
Owais Metal and Mineral Processing Ltd IPO Lead Manager(s)
- Gretex Corporate Services Ltd
FAQ
What is the issue size of Owais Metal and Mineral Processing Ltd IPO?
I have pre-applied for Owais Metal and Mineral Processing Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.