Owais Metal and Mineral Processing IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 26 to Feb 28, 2024
Price Band
₹83-87
Current GMP
₹250 (187.35%)
Subscription
218.97 times
IPO Details
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | Monday, 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 |
IPO Date
February 26, 2024 to February 28, 2024
Listing Date
Monday, 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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 92.06 |
| Non-Institutional Buyers* | 329.18 |
| Retail Investors | 244.15 |
| Total ** | 218.97 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
92.06
Non-Institutional Buyers*
329.18
Retail Investors
244.15
Total **
218.97
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 26, 2024 | 0.01 | 6.09 | 10.04 | 6.33 |
| Day 2 Feb 27, 2024 | 0.71 | 37.30 | 79.55 | 47.99 |
| Day 3 Feb 28, 2024 | 92.06 | 329.18 | 244.15 | 218.97 |
DayDay 1
Feb 26, 2024
QIB0.01
NII*6.09
Retail10.04
Total6.33
DayDay 2
Feb 27, 2024
QIB0.71
NII*37.30
Retail79.55
Total47.99
DayDay 3
Feb 28, 2024
QIB92.06
NII*329.18
Retail244.15
Total218.97
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-03-2024 | 87.00 | 143 (164.37%) | 230 |
| 03-03-2024 | 87.00 | 143 (164.37%) | 230 |
| 02-03-2024 | 87.00 | 143 (164.37%) | 230 |
| 01-03-2024 | 87.00 | 126 (144.83%) | 213 |
| 29-02-2024 | 87.00 | 125 (143.68%) | 212 |
| 28-02-2024 | 87.00 | 125 (143.68%) | 212 |
| 27-02-2024 | 87.00 | 120 (137.93%) | 207 |
| 26-02-2024 | 87.00 | 110 (126.44%) | 197 |
| 25-02-2024 | 87.00 | 17 (19.54%) | 104 |
| 24-02-2024 | 87.00 | 17 (19.54%) | 104 |
| 23-02-2024 | 87.00 | 17 (19.54%) | 104 |
| 22-02-2024 | 87.00 | 0 (0%) | 87 |
| 21-02-2024 | 87.00 | 0 (0%) | 87 |
Date04-03-2024
Price87.00
GMP143 (164.37%)
Estimate List Price230
Date03-03-2024
Price87.00
GMP143 (164.37%)
Estimate List Price230
Date02-03-2024
Price87.00
GMP143 (164.37%)
Estimate List Price230
Date01-03-2024
Price87.00
GMP126 (144.83%)
Estimate List Price213
Date29-02-2024
Price87.00
GMP125 (143.68%)
Estimate List Price212
Date28-02-2024
Price87.00
GMP125 (143.68%)
Estimate List Price212
Date27-02-2024
Price87.00
GMP120 (137.93%)
Estimate List Price207
Date26-02-2024
Price87.00
GMP110 (126.44%)
Estimate List Price197
Date25-02-2024
Price87.00
GMP17 (19.54%)
Estimate List Price104
Date24-02-2024
Price87.00
GMP17 (19.54%)
Estimate List Price104
Date23-02-2024
Price87.00
GMP17 (19.54%)
Estimate List Price104
Date22-02-2024
Price87.00
GMP0 (0%)
Estimate List Price87
Date21-02-2024
Price87.00
GMP0 (0%)
Estimate List Price87
IPO Important Dates
| 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 |
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
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 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹139,200
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹139,200
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹278,400
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 5,164.23 | 379.62 |
| Revenue | 3,977.54 | |
| Profit After Tax | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves and Surplus | 795.25 | 44.28 |
| Total Borrowing | 1,350.59 | 321.29 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
Period EndedAssets
31 Dec 20235,164.23
31 Mar 2023379.62
Period EndedRevenue
31 Dec 20233,977.54
31 Mar 2023
Period EndedProfit After Tax
31 Dec 2023765.47
31 Mar 2023-12.72
Period EndedNet Worth
31 Dec 20232,122.77
31 Mar 202357.28
Period EndedReserves and Surplus
31 Dec 2023795.25
31 Mar 202344.28
Period EndedTotal Borrowing
31 Dec 20231,350.59
31 Mar 2023321.29
Key Performance Indicator
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| P/BV | 5.37 |
| EPS (Rs) | 4.08 |
ROE
-5.35%
Debt/Equity
5.61
RoNW
-22.22%
P/BV
5.37
EPS (Rs)
4.08
IPO Reservation
| Anchor Investor Shares Offered | 1,368,000 (27.88%) |
| Market Maker Shares Offered | 344,000 (7.01%) |
| QIB Shares Offered | 912,000 (18.58%) |
| NII (HNI) Shares Offered | 684,800 (13.96%) |
| Retail Shares Offered | 1,598,400 (32.57%) |
| Total Shares Offered | 4,907,200 (100%) |
Anchor Investor Shares Offered
1,368,000 (27.88%)
Market Maker Shares Offered
344,000 (7.01%)
QIB Shares Offered
912,000 (18.58%)
NII (HNI) Shares Offered
684,800 (13.96%)
Retail Shares Offered
1,598,400 (32.57%)
Total Shares Offered
4,907,200 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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