Owais Metal and Mineral Processing IPO will open for subscription from 26 February 2024. The company aims for an issue size of ₹42.69 Cr through this IPO.
Company Overview
| Full name | Owais Metal and Mineral Processing Limited |
| Sector | Ferro Manganese |
| Industry | Ferro & Silica Manganese |
| Company Website | https://www.ommpl.com/ |
About Company
The company is into manufacturing and processing of metals and minerals of Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing of Wood Charcoal, and Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ore. Manganese Oxide is used in the fertilizer industry and Manganese Sulphate Plants. Manganese Ore is used in the manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries, and other Ferro products. MC Ferro Manganese is used in steel and casting industries, as it assists in removing sulphur from steel and improves properties, like durability, machinability, and malleability. It can deoxidize molten metal. Wood Charcoal is used in furnaces of industries that require high heat for their manufacturing process such as the Steel industry.
The company’s factory is situated in Meghnagar on the border of Gujarat, Madhya Pradesh and Rajasthan. Gujarat, Madhya Pradesh, and Rajasthan are the three major consumers of Manganese oxide and MC Ferro Manganese. Therefore, this location helps the company in minimizing its transportation and labor costs.
The Objectives of the Issue
- Purchase of Equipment to Facilitate Manufacturing
- Working Capital Requirements
- General Corporate Purposes.
IPO Timetable
| IPO Opening date | 26 February 2024 |
| IPO Closing | 28 February 2024 |
| Basis of Allotment | 29 February 2024 |
| Initiation Refund | 01 March 2024 |
| Credit to Demat Account | 01 March 2024 |
| Listing Date | 04 March 2024 |
Owais Metal and Mineral Processing IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹42.69 Cr – 4,907,200 shares |
| Fresh Issue | ₹42.69 Cr – 4,907,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹83 to ₹87 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 344,000 shares |
| Shareholding pre-issue | 13,275,198 |
| Shareholding post-issue | 18,182,398 |
| Listing Exchange | NSE SME |
Owais Metal and Mineral Processing IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |
Owais Metal and Mineral IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,368,000 (27.88%) |
| Market Maker Shares Offered | 344,000 (7.01%) |
| QIB Shares Offered | 912,000 (18.58%) |
| NII (HNI) Shares Offered | 684,800 (13.96%) |
| Retail Shares Offered | 1,598,400 (32.57%) |
| Total Shares Offered | 4,907,200 (100%) |
Owais Metal and Mineral`s Financial Performance
| FY 2023 | 9M FY 2024 | |
| Revenue | – | 39.52 |
| Expenses | 0.13 | 29.55 |
| Net income | (0.13) | 7.65 |
Owais Metal and Mineral`s Valuations & Margins
| FY 2023 | |
| EPS | (0.10) |
| PE ratio | – |
| RONW (%) | (22.22) |
| NAV | 0.46 |
| EBITDA (%) | 0.00 |
| Debt/Equity | 5.61 |
Company Promoters
- Mr. Saiyyed Owais Ali
- Mr. Sayyad Akhtar Ali
- Mr. Saiyyed Murtuza Ali
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.01% |
Owais Metal and Mineral Processing IPO Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Owais Metal and Mineral Processing Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Owais Metal and Mineral Processing Contact Details
OWAIS METAL AND MINERAL PROCESSING LIMITED
C/o Sayyad Akhtar Ali Vahid Nagar,
Old Baipass Road Ratlam Madhya Pradesh-457001
Phone: +91-9300096498
E-mail: info@ommpl.com
Website: www.ommpl.com
Allotment Status
Owais Metal and Mineral IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Owais Metal and Mineral Processing IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
