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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Owais Metal and Mineral Processing Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 1600 Shares |
| Total Issue Size | 4,907,200 shares (aggregating up to ₹42.69 Cr) |
| Fresh Issue | 4,907,200 shares (aggregating up to ₹42.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,275,198 |
| Share holding post issue | 18,182,398 |
| Market Maker portion | 344,000 shares Gretex Share Broking |
Owais Metal and Mineral Processing Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Owais Metal and Mineral Processing Limited 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 Processing Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.01% |
Competitive Strength:
- -
Owais Metal and Mineral Processing Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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) | ||
| P/E (x) |
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.
DRHP:
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Frequently Asked Questions (FAQs)
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What Is The Size Of The Owais Metal And Mineral Processing IPO?
Owais Metal and Mineral Processing IPO consists of a fresh issue of 49,07,200 shares. The company seeks funds for equipment purchases, working capital, and general corporate needs.
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What Is The Price Band Of Owais Metal And Mineral Processing IPO?
The price brand of the company is INR 83-87 per share.
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What is Owais Metal and Mineral Processing Limited’s IPO?
Owais Metal and Mineral Processing Limited IPO is a 100% fresh issue, which will open from February 26, 2024, to February 28, 2024.
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When will Owais Metal IPO be allotted?
The Basis of Allotment will be on February 29, 2024.
