Owais Metal and Mineral Processing Ltd. logo

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 InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹132,8001116004.9 M₹83 - ₹8773.01 %₹407.3 M - ₹426.9 MRHP DOC

Owais Metal & Mineral IPO SUBSCRIPTION STATUS

28 Feb '24
Total206.9x
Retail Individual Investor339.88x
HNI (NII) Investors428.13x
Qualified Institutional Buyers47.45x

Owais 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

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
28 Feb 2024
(Day 3)
339.88x428.13x47.45x
27 Feb 2024
(Day 2)
100.5x48.52x0.37x
26 Feb 2024
(Day 1)
12.34x7.7x0x

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

Total4.9 M
Fresh Issue4.9 M
Offer for Sale0
Post Issue Promoter Holding %73.01 %

Owais Metal & Mineral IPO IMPORTANT DATES

Issue Open Date26 Feb 2024
Issue close Date28 Feb 2024
Allotment Date29 Feb 2024
Refund Date01 Mar 2024
Demat Account Credit Date01 Mar 2024
Listing Date04 Mar 2024
Listing on Exchange(s)NSE
Owais Metal & Mineral Allotment StatusExchange

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 Price250.0
Listing Close Price262.5
Listing Gain%187.4%
Current Gain%-26.6%

Owais Metal & Mineral Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Owais Metal and Mineral Processing Ltd.63.9116.270.4-0.70.91.40.9124.2-42.11.7-96.50.9-96.5
JSW Steel Ltd.1348329647.211.601.722.38.318671810.122316536.9116.3371.9
Tata Steel Ltd.186.7233042.620.10.30.910.63.6233541.76.110793.9215.69.370.4
Jindal Steel Ltd.1157.8118105.841.410.21.96.63.453553.17.33367.419.7284.1
Steel Authority of India (SAIL) Ltd.176.272779.9130.10.65.62.51117058.13372.842.213.6119.2
Jindal Stainless Ltd.712.65874417.60.91.316.17.843306.19.43193.427.540.520.6

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

  1.  Purchase of equipment to facilitate manufacturing
  2.  Working capital requirements
  3.  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

Strength

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

Strength

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

Strength

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

Risk

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

Risk

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

Risk

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.