Owais Metal & Mineral Processing Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,280,000 (46%) | — | ₹1,984 Cr |
| NII (HNI) | — | 684,800 (14%) | — | ₹596 Cr |
| Retail | — | 1,598,400 (33%) | — | ₹1,391 Cr |
| Market Maker | — | 344,000 (7%) | — | ₹30 Cr |
| Σ Total | — | 4,907,200 (100%) | — | ₹42,693 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹139,200 |
| Retail (Max) | 13 | 20,800 | ₹1,809,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,948,800 |
| B-HNI (Min) | 67 | 107,200 | ₹9,326,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Revenue | 3,978 | — |
| Profit After Tax | 765 | -13 |
| Net Worth | 2,123 | 57 |
| Total Assets | 5,164 | 380 |
| Reserves & Surplus | 795 | 44 |
| Total Borrowing | 1,351 | 321 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of Equipment to Facilitate Manufacturing –
- Working Capital Requirements –
- General Corporate Purposes. –
Company Overview
Owais Metal and Mineral Processing Limited was established in 2022 and is engaged in the production and processing of metals and minerals. Prior to the incorporation of the company, the business of the company was carried on under the name of M/s Owais Ali Overseas, a sole proprietorship firm of the promoter Mr. Saiyyed Owais Ali.
The company is engaged in the manufacturing and processing of the following products
- Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants
- MC Ferro Manganese: used in the steel and casting industry
- Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry
- Processing of minerals such as ferroalloys, quartz, and manganese ore: used in the hotel industry, the tile and ceramics industry, the glass industry, and the interior design and furniture industry.
The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujrat.
The company's manufacturing facility is located in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company had 25 permanent employees.