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IPO 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.

EventDate
Owais Metal and Mineral Processing Ltd IPO Opening Date26 February 2024
Owais Metal and Mineral Processing Ltd IPO Closing Date 28 February 2024
Basis of Allotment29 February 2024
Initiation of Refunds1 March 2024
Credit of Shares to Demat1 March 2024
Owais Metal and Mineral Processing Ltd IPO Listing Date4 March 2024

Owais Metal and Mineral Processing Ltd IPO Details

Owais Metal and Mineral Processing Ltd IPO Date26 February 2024 to 28 February 2024
Owais Metal and Mineral Processing Ltd IPO Face Value10 per share
Owais Metal and Mineral Processing Ltd IPO Price83 to ₹87 per share
Owais Metal and Mineral Processing Ltd IPO Lot Size1,600
Issue SizeShares of ₹10 (aggregating up to ₹42.69 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹42.69 Cr)
Offer for Sale-
Issue TypeBook Building - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersSaiyyed 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 LotsSharesAmount
Minimum11,600₹1,39,200
Maximum11,600₹1,39,200
  • 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 AssetsTotal RevenueProfit After Tax
03-202490.8280.4315.47
03-20233.8--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 Holding98.71%
Post Issue Share Holding72.04%

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)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----149.2227

Owais Metal and Mineral Processing Ltd IPO Prospectus

Owais Metal and Mineral Processing Ltd IPO Listing Date

Listing Date4 March 2024
BSE Script 92292
NSE SymbolOWAIS
Listing In NSE - SME
ISININE0R8M01017
IPO Price87
Face Value10

Company Contact Information

Owais Metal and Mineral Processing Ltd
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

Phone:+91 - 22 - 6263 8200;
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Owais Metal and Mineral Processing Ltd IPO Lead Manager(s)

  1. Gretex Corporate Services Ltd

FAQ

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

Owais Metal and Mineral Processing Ltd IPO, which opens for subscription from to 28 February 2024 has an issue size of ₹42.69 crore. The issue type is book building issue.

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.

What are the open and close dates for Owais Metal and Mineral Processing Ltd IPO?

Owais Metal and Mineral Processing Ltd IPO Opens for subscription from 26 February 2024 to 28 February 2024

What is the lot size and minimum order quantity of the Owais Metal and Mineral Processing Ltd IPO?

The lot size of Owais Metal and Mineral Processing Ltd is 1,600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,39,200 and ₹1,39,200 respectively.

What are the allotment dates for the Owais Metal and Mineral Processing Ltd IPO?

Allotment date for Owais Metal and Mineral Processing Ltd is 29 February 2024 and refund of application amount (in case allotment is not received) will begin from 1 March 2024. If your allotment goes through, then shares will be credited in your Demat account by 1 March 2024.

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

The registrar for Owais Metal and Mineral Processing Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Owais Metal and Mineral Processing Ltd IPO getting listed?

The shares of Owais Metal and Mineral Processing Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)