Owais Metal and Mineral Processing Limited is engaged in the production and processing of metals and minerals.
The company is engaged in the manufacturing and processing of the following products:
- Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants.
- MC Ferro Manganese: Used in the steel and casting industry.
- Charcoal production: Used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry.
- Processing of minerals such as ferroalloys, quartz, and manganese ore: Used in the hotel industry, the tile and ceramics industry, the glass industry, and the interior design and furniture industry.
The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujarat.
The company’s manufacturing facility is located in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company had 25 permanent employees.
Owais Metal and Mineral Processing IPO – Details
| IPO Opening Date | 26 February 2024 |
| IPO Closing Date | 28 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 49,07,200 Shares Worth ₹42.69 Crore Fresh Issue: 49,07,200 Shares Worth ₹42.69 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹83 – ₹87 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Owais Metal and Mineral Processing IPO – Date Schedule
| IPO Open Date | 26 February 2024 |
| IPO Close Date | 28 February 2024 |
| Basis of Allotment | 29 February 2024 |
| Initiation of Refund | 01 March 2024 |
| Credit of Shares to Demat Account | 01 March 2024 |
| IPO Listing Date | 04 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 28, 2024 |
Owais Metal and Mineral Processing IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,39,200 |
| Retail (Maximum) | 1 | 1600 | ₹1,39,200 |
| HNI (Minimum) | 2 | 3200 | ₹2,78,400 |
Competitive Strengths
- Existing Client Base.
- Optimum Utilization of Resources.
- Fully Integrated Manufacturing Facility.
- Cordial Relationship with there Customers.
- Well Developed Distribution Network.
Company Promoters
- Mr. Saiyyed Owais Ali
- Mr. Sayyad Akhtar Ali
- Mr. Saiyyed Murtuza Ali
Object Of The Issue
- Purchase of Equipment to Facilitate Manufacturing.
- Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | – | 0.12 | -0.12 | 3.21 |
| 31 December 2023 | 39.77 | 29.54 | 7.65 | 13.50 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| P/BV | 5.37 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.08 | 2.98 |
| P/E (x) | 21.35 | 29.24 |
Owais Metal and Mineral Processing IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.01% |
Owais Metal and Mineral Processing IPO Prospectus
Company 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 Registrar
| 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(s)
| 1. Gretex Corporate Services Limited |
Owais Metal and Mineral Processing IPO FAQs
| What is Owais Metal and Mineral Processing IPO? Owais Metal and Mineral Processing IPO is a SME IPO. The issue is priced at ₹83 – ₹87 per equity share. The IPO is to be listed on NSE SME. |
| When Owais Metal and Mineral Processing IPO will open? The IPO is to open on 26 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Owais Metal and Mineral Processing IPO? You can apply Owais Metal and Mineral Processing IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Owais Metal and Mineral Processing IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Owais Metal and Mineral Processing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Owais Metal and Mineral Processing IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Owais Metal and Mineral Processing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Owais Metal and Mineral Processing IPO Size? Owais Metal and Mineral Processing IPO size is ₹42.69 crores. |
| What is Owais Metal and Mineral Processing IPO Price Band? Owais Metal and Mineral Processing IPO Price Band is ₹83 – ₹87. |
| What is Owais Metal and Mineral Processing IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,39,200 amount while the maximum bid is 1600 shares with ₹1,39,200. |
| What is the Owais Metal and Mineral Processing IPO Allotment Date? Owais Metal and Mineral Processing IPO allotment date is 29 February 2024. |
| What is the Owais Metal and Mineral Processing IPO Listing Date? Owais Metal and Mineral Processing IPO listing date is 04 March 2024. The IPO is to list on NSE SME. |
