Owais Metal and Mineral Processing Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | March 4, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 83 to ₹ 87 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 49,07,200 shares (aggregating up to ₹ 42.69 Cr) |
| Fresh Issue | 49,07,200 shares (aggregating up to ₹ 42.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,32,75,198 |
| Share holding post issue | 1,81,82,398 |
| Market Maker portion | 3,44,000 shares Gretex Share Broking |
About Owais Metal and Mineral Processing Limited IPO
Owais Metal and Mineral Processing Ltd. (OMMPL) is a company that is engaged in the manufacturing of Manganese Oxide (MNO), MC Manganese and Wood Charcoal as well as the processing of minerals such as quartz’s and manganese ore. Its products like Manganese Oxide are used in the fertilizer industry and are also used by Manganese Sulphate Plants. Manganese Ore is used in the manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries and other Ferro products also it can be directly sellable in the market. MC Ferro Manganese is used in steel and casting industries, as it assists in removing sulfur from steel and improving properties, like durability, machinability and malleability. It can deoxidize molten metal.
Owais Metal and Mineral Processing IPO is a book-built issue of Rs 42.69 crores. The issue is entirely a fresh issue of 49.07 lakh shares. Owais Metal and Mineral Processing IPO price band is set at ₹83 to ₹87 per share. The minimum lot size for an application is 1600 Shares. Gretex Corporate Services Limited is the book-running lead manager of the Owais Metal and Mineral Processing IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Owais Metal and Mineral Processing IPO is Gretex Share Broking.
Objectives of Owais Metal and Mineral Processing IPO
The company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
- 1. Purchase of Equipment to Facilitate Manufacturing.
- 2. Working Capital Requirements.
- 3. General Corporate Purposes.
Owais Metal and Mineral Processing IPO Review
The company is in the manufacturing and processing of minerals and metals. It marked a jump in its bottom lines from FY23 onwards that not only raised eyebrows but also concern over its sustainability going forward. Based on its FY24 annualized super earnings, the issue appears fully priced. There is no harm in skipping this “High Risk/Low Return” bet.
Owais Metal and Mineral Processing Limited IPO Financial Information
Latest Revenue
3,977.54
₹ Crore
Profit After Tax
765.47
₹ Crore
Net Worth
2,122.77
₹ Crore
Total Borrowing
1,350.59
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 5,164.23 | 3,977.54 | 765.47 | 2,122.77 | 1,350.59 | ||||
| 31 Mar 2023 | 379.62 | — | -12.72 | 57.28 | 321.29 | ||||
| Amount in ₹ Crore | |||||||||
Owais Metal and Mineral Processing Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| P/BV | 5.37 |
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Competitive Strengths
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Owais Metal and Mineral Processing Limited IPO Timeline
| IPO Open Date | Monday, February 26, 2024 |
| IPO Close Date | Wednesday, February 28, 2024 |
| Basis of Allotment | Thursday, February 29, 2024 |
| Initiation of Refunds | Friday, March 1, 2024 |
| Credit of Shares to Demat | Friday, March 1, 2024 |
| Listing Date | Monday, March 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹139,200 |
| Retail (Max) | 1 | 1600 | ₹139,200 |
| HNI (Min) | 2 | 3,200 | ₹278,400 |