Owais Metal and Mineral Processing IPO Review

 
Owais Metal and Mineral Processing IPO Review

IPO Open Date: February 26, 2024

IPO Close Date: February 28, 2024

IPO Price: ₹83 to ₹87 per share

Lot Size: 1600 Shares

Listing: March 4, 2024

Owais Metal and Mineral Processing is scheduled to hit the market on February 26, 2024 and close on February 28, 2024. Owais Metal and Mineral Processing plans to raise around ₹42.69 Cr through an IPO with a sale of up to 4,907,200 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Owais Metal and Mineral Processing Limited, established in 2022, specializes in the production and processing of metals and minerals. Prior to its incorporation, the business operated under the name of M/s Owais Ali Overseas, a sole proprietorship owned by Mr. Saiyyed Owais Ali. The company's manufacturing activities include the production of Manganese oxide (MNO) for the fertilizer industry, MC Ferro Manganese for the steel and casting industry, and charcoal for furnaces in high-heat manufacturing processes like steel production. Additionally, Owais Metal and Mineral Processing Limited processes minerals such as ferroalloys, quartz, and manganese ore for various industries including hotels, ceramics, glass, interior design, and furniture.

Based in Meghnagar, Madhya Pradesh, the company serves clients in states like Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. As of December 31, 2023, Owais Metal and Mineral Processing Limited employed 25 permanent staff members to support its operations and ensure the quality production of metals and minerals for its diverse clientele across different industries.

Owais Metal and Mineral Processing


Owais Metal and Mineral Processing IPO Details

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, and closes on Feb 28, 2024. The Listing date for Owais Metal and Mineral Processing IPO is on Mar 4, 2024. The price band for IPO is ₹83 to ₹87 per share and lot size of 1600 Shares.

IPO DateFeb 26, 2024 to Feb 28, 2024
Listing DateMar 04, 2024
Price₹83 to ₹87 per share
Lot Size1600 Shares
Issue Size₹42.69 Cr
Face Value₹10 per share

Owais Metal and Mineral Processing IPO Tentative Timetable

Owais Metal and Mineral Processing opening date is February 26, 2024 and close date is February 28, 2024. The IPO allotment date is Feb 29, 2024. The refund initiation of IPO is on March 01, 2024. The credit of shares in demat account is on March 01, 2024. The listing date is on March 04, 2024.

EventDate
IPO OpeningFeb 26, 2024
IPO ClosingFeb 28, 2024
IPO Allotment DateFeb 29, 2024
Refund InitiationMar 01, 2024
Shares Credit to DematMar 01, 2024
Lisiting DateMar 04, 2024

Owais Metal and Mineral Processing IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹139,200).

CategoryLotsSharesAmount
Retail(Minimum)11600₹139,200
Retail(Maximum)11600₹139,200
HNI (Minimum)23200₹278,400

Owais Metal and Mineral Processing IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.01%

Owais Metal and Mineral Processing IPO Review

Owais Metal and Mineral Processing Limited's recent IPO launch with a market capitalization of Rs 158.19 Cr has garnered attention from investors seeking opportunities in the metal and mineral processing industry. The company's financial performance reflects a notable increase in Assets, Revenue, and Profit After Tax compared to the previous quarter. However, challenges are evident with a negative Return on Equity (ROE) at -5.35%, indicating inefficiencies in utilizing shareholder investments. The Debt/Equity ratio of 5.61 raises concerns about the company's reliance on borrowed funds, which could impact its financial stability in the long run.

Post-IPO, Owais Metal and Mineral Processing's earnings per share (EPS) have decreased to 2.98 from 4.08, while the Price to Earnings (P/E) ratio has risen to 29.24 from 21.35. This shift suggests a potential overvaluation of the company's stock post-issue, prompting investors to carefully analyze the risk-return profile before making investment decisions. The IPO's objectives include acquiring manufacturing equipment, meeting working capital requirements, and addressing general corporate needs, signaling the company's intention to enhance operational capabilities and drive growth.

Investors considering Owais Metal and Mineral Processing IPO must weigh the growth potential against inherent risks associated with the company's financial performance and market positioning. While the IPO presents an opportunity for diversification in the metal and mineral processing sector, informed decision-making is crucial. Conducting comprehensive research, seeking expert advice, and evaluating the company's strategic objectives are essential steps for investors navigating the complexities of the stock market. Overall, Owais Metal and Mineral Processing Limited's IPO offers a platform for growth, but caution and diligence are advised to mitigate investment risks effectively.

Owais Metal and Mineral Processing IPO Subscription Status (Bidding Details)

Table not found

Owais Metal and Mineral Processing IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Owais Metal and Mineral Processing IPO FAQs

What is Owais Metal and Mineral Processing IPO?

Owais Metal and Mineral Processing is issuing 4,907,200 equity shares with a face value of ₹10 each, totaling up to ₹42.69 Cr. The shares are being offered at a price of ₹83 to ₹87 each, with a minimum order quantity of 1600 shares.

 Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Owais Metal and Mineral Processing IPO will open?

Owais Metal and Mineral Processing will open on February 26, 2024 for QIB, NII, and Retail Investors.

When Owais Metal and Mineral Processing IPO will end?

Owais Metal and Mineral Processing will end on February 28, 2024.

What is Owais Metal and Mineral Processing IPO Size?

Owais Metal and Mineral Processing IPO size is 42.69 Cr.

What is Owais Metal and Mineral Processing IPO Price Band?

Owais Metal and Mineral Processing price band is 83 to ₹87 per share.

What is the Owais Metal and Mineral Processing IPO Allotment Date?

Owais Metal and Mineral Processing allotment date is February 29, 2024.

What is the Owais Metal and Mineral Processing IPO Listing Date?

Owais Metal and Mineral Processing listing date is March 04, 2024. The IPO is to be listed on BSE and NSE.

How to Owais Metal and Mineral Processing IPO through Zerodha?

To apply for the IPO “Owais Metal and Mineral Processing” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Owais Metal and Mineral Processing IPO through Upstox?

To apply for the IPO “Owais Metal and Mineral Processing” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Owais Metal and Mineral Processing IPO Allotment Status?

For Owais Metal and Mineral Processing IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Owais Metal and Mineral Processing IPO GMP?

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment