- NEGATIVE
Annual Revenue Owais Metal & Mineral Mar-2026 Annual Revenue is Rs 124 Cr which is growth of -42.1% YoY.
- NEGATIVE
Annual Net Profit Owais Metal & Mineral Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of -96.5% YoY.

Owais Metal and Mineral Processing was incorporated on December 16, 2022. The company is engaged in the manufacturing and processing of the following products: 1. Manganese Oxide (MNO) 2. MC Ferro Manganese 3. Manufacturing of Wood Charcoal 4. Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ore.
| Bidding Dates |
|---|
| 26 Feb 2024 - 28 Feb 2024 |
| Subscription |
|---|
| 206.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹132,800 | 1 | 1 | 1600 | 4.9 M | ₹83 - ₹87 | 73.01 % | ₹407.3 M - ₹426.9 M | RHP DOC |
Owais Metal & Mineral IPO SUBSCRIPTION STATUS
28 Feb '24Owais Metal & Mineral IPO overall subscription rate was 206.9 times the total available shares
Owais Metal & Mineral IPO retail subscription rate was 339.88 times in the retail segment
Owais Metal & Mineral IPO non-institutional investor subscription rate was 428.13 times in the non-institutional investor category
Owais Metal & Mineral IPO Qualified Institutional Bidder subscription rate was 47.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Feb 2024 (Day 3) | 339.88x | 428.13x | 47.45x |
27 Feb 2024 (Day 2) | 100.5x | 48.52x | 0.37x |
26 Feb 2024 (Day 1) | 12.34x | 7.7x | 0x |
Owais Metal & Mineral FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 76.5 | 395.2 | -125.2 | -214.3 | 30.3% |
| FY23 | -1.3 | - | -36.9 | -36.9 | 0.0% |
Owais Metal & Mineral IPO SUBSCRIPTION STATUS DETAILS
Owais Metal & Mineral had 4.9 M shares on offer
Owais Metal & Mineral IPO offer price was in the range ₹83 - ₹87
Owais Metal & Mineral IPO minimum Investment was ₹132800
Owais Metal & Mineral IPO issue size was ₹ 407.3 M - ₹ 426.9 M
Owais Metal & Mineral had a minimum lot size of 1600 Shares per application
Owais Metal & Mineral NUMBER OF SHARES ON OFFER
Owais Metal & Mineral IPO IMPORTANT DATES
| Issue Open Date | 26 Feb 2024 |
| Issue close Date | 28 Feb 2024 |
| Allotment Date | 29 Feb 2024 |
| Refund Date | 01 Mar 2024 |
| Demat Account Credit Date | 01 Mar 2024 |
| Listing Date | 04 Mar 2024 |
| Listing on Exchange(s) | NSE |
| Owais Metal & Mineral Allotment Status | Exchange |
Owais Metal & Mineral IPO subscription opened on 26 Feb 2024, and closed on 28 Feb 2024
IPO allotment for Owais Metal & Mineral was finalized on Thursday, 29 Feb 2024
IPO listing for Owais Metal & Mineral was on NSE on Monday, 04 Mar 2024
Owais Metal & Mineral IPO LISTING GAINS
| Issue Price (adjusted) | 87.0 |
| Listing Open Price | 250.0 |
| Listing Close Price | 262.5 |
| Listing Gain% | 187.4% |
| Current Gain% | -26.6% |
Owais Metal & Mineral Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Owais Metal and Mineral Processing Ltd. | 63.9 | 116.2 | 70.4 | -0.7 | 0.9 | 1.4 | 0.9 | 124.2 | -42.1 | 1.7 | -96.5 | 0.9 | -96.5 |
| JSW Steel Ltd. | 1348 | 329647.2 | 11.6 | 0 | 1.7 | 22.3 | 8.3 | 186718 | 10.1 | 22316 | 536.9 | 116.3 | 371.9 |
| Tata Steel Ltd. | 186.7 | 233042.6 | 20.1 | 0.3 | 0.9 | 10.6 | 3.6 | 233541.7 | 6.1 | 10793.9 | 215.6 | 9.3 | 70.4 |
| Jindal Steel Ltd. | 1157.8 | 118105.8 | 41.4 | 10.2 | 1.9 | 6.6 | 3.4 | 53553.1 | 7.3 | 3367.4 | 19.7 | 28 | 4.1 |
| Steel Authority of India (SAIL) Ltd. | 176.2 | 72779.9 | 13 | 0.1 | 0.6 | 5.6 | 2.5 | 111705 | 8.1 | 3372.8 | 42.2 | 13.6 | 119.2 |
| Jindal Stainless Ltd. | 712.6 | 58744 | 17.6 | 0.9 | 1.3 | 16.1 | 7.8 | 43306.1 | 9.4 | 3193.4 | 27.5 | 40.5 | 20.6 |
Owais Metal & Mineral annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
- | 124.2 | 214.5 | 80.4 | |||
Operating Exp. Ann. | - | 115.7 | 147.5 | 58.1 | ||
Operating Profit Ann. | - | 7.3 | 65.9 | 21.9 | ||
OPM Ann. % | - | 5.85% | 30.72% | 27.27% | - | |
968.5% | 122 | 151.2 | 59.8 | 0.1 | ||
EBITDA Ann. | - | 8.6 | 67 | 22.3 | ||
EBITDA Ann. margin % | - | 6.92% | 31.23% | 27.74% | - | |
Interest Ann. | 233.2% | 3.7 | 1.7 | 1.7 | 0.1 | |
Depr. | - | 2.6 | 2 | |||
PBT Ann. | - | 2.3 | 59.7 | 20.7 | -0.1 | |
Tax Ann. | - | 0.6 | 12.7 | 5.2 | ||
- | 1.7 | 47 | 15.5 | -0.1 | ||
Net Profit Ann. | - | 1.7 | 47 | 15.5 | -0.1 | |
NPM Ann. % | - | 1.34% | 22.03% | 19.32% | ||
EPS Adj. latest Ann. | - | 0.9 | 25.9 | 8.5 | -0.1 |
Owais Metal & Mineral INFORMATION ON IPO ISSUE
About Owais Metal & Mineral
Owais Metal and Mineral Processing was incorporated on December 16, 2022. The company is engaged in the manufacturing and processing of the following products:
1. Manganese Oxide (MNO)
2. MC Ferro Manganese
3. Manufacturing of Wood Charcoal
4. Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ore.
Object of the Issue
- Purchase of equipment to facilitate manufacturing
- Working capital requirements
- General corporate purposes
Owais Metal & Mineral - PROMOTERS
| Name |
|---|
| Saiyyed Owais Ali |
| Saiyyed Murtuza Ali |
| Sayyad Akhtar Ali |
Owais Metal & Mineral Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
Owais Metal & Mineral Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Owais Metal & Mineral Strengths
Strong client base
The company has strong existing client relationships, which generate multiple repeat orders. It believes that these existing relationships represent a competitive advantage in gaining new clients and increasing business
Fully integrated manufacturing facility
The company maintains the requisite infrastructure and undertakes technological upgrades for the smooth running of the manufacturing process, as well as to cope with the changing market demand situation
Cordial relationship with customers
The company maintains cordial relationships with its customers and institutional clients by strategically aligning its offerings with their requirements. The delivery of quality products and the company's established technical expertise have helped in strengthening relationships with its customers and gaining increased business from them
Owais Metal & Mineral Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the Company, its Promoters, and Directors. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations, and financial condition
Dependent on few customers
The company derives a substantial portion of its revenues from a few customers, with whom it does not have any firm commitments. Loss of key customers or a significant reduction in demand from them may materially and adversely affect its business and financial performance
Quality control systems
Any failure to maintain quality control systems for the company's goods could have a material adverse effect on its business, reputation, results of operations, and financial condition
IPO FAQs
The promoters of the company are Saiyyed Owais Ali, Saiyyed Murtuza Ali and Sayyad Akhtar Ali.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 83.0 - 87.0.
The IPO application opens on Feb 26, 2024 and closes on Feb 28, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 132,800.0, the maximum value for this IPO is Rs 139,200.0.
This IPO will be allotted on Feb 29, 2024.
The refund will be credited to your account on Mar 01, 2024.
The allotted shares will be credited to your demat on Mar 01, 2024.
Owais Metal and Mineral Processing Ltd.’s shares listed on the stock exchanges on Mar 04, 2024.
