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Owais Metal and Mineral Processing IPO vs Zenith Drugs IPO

Comparision between Owais Metal and Mineral Processing IPO and Zenith Drugs IPO.

IPO Details

Owais Metal and Mineral Processing IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
Logo Owais Metal and Mineral Processing IPO Logo Zenith Drugs IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Gretex Corporate Services Limited Gretex Corporate Services Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Gretex Share Broking Private Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Owais Metal and Mineral Processing IPO is up to ₹42.69 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Owais Metal and Mineral Processing IPO is ₹87.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹83.00 per share ₹75.00 per share
Issue Price (Upper) ₹87.00 per share ₹79.00 per share
Issue Price (Final) ₹87.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 49,07,200 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹42.69 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,07,200 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹42.69 Cr up to ₹40.68 Cr

IPO Timetable

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Owais Metal and Mineral Processing IPO and Zenith Drugs IPO is Feb 28, 2024, and Feb 22, 2024, respectively.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
Anchor Bid Date Feb 23, 2024 Feb 16, 2024
Issue Open Feb 26, 2024 Feb 19, 2024
Issue Close Feb 28, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Feb 29, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Mar 01, 2024 Feb 26, 2024
Credit of Share (Tentative) Mar 01, 2024 Feb 26, 2024
Listing date (Tentative) Mar 04, 2024 Feb 27, 2024
Anchor Lockin End date 1 Mar 30, 2024 Mar 24, 2024
Anchor Lockin End date 2 May 29, 2024 May 23, 2024

Financials

Owais Metal and Mineral Processing IPO P/E ratio is 21.35, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
Financial

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended31 Dec 202331 Mar 2023
Assets5,164.23379.62
Revenue3,977.54
Profit After Tax765.47-12.72
Net Worth2,122.7757.28
Reserves and Surplus795.2544.28
Total Borrowing1,350.59321.29
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets11,249.049,793.836,858.47
Revenue6,948.4311,569.659,266.63
Profit After Tax539.38515.29312.86
Net Worth2,264.961,724.421,209.09
Reserves and Surplus1,064.961,684.421,169.09
Total Borrowing2,902.812,605.031,880.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73.01% 69.98%
P/E Ratio 21.35 18.4
Market Cap ₹158.19 Cr. ₹135.48 Cr.
ROE -5.35%% 35.13%%
ROCE 37.29%%
Debt/Equity 5.61 1.51
EPS ₹4.08 ₹4.29
RoNW -22.22%% 29.88%%

Shares Offered

In the Owais Metal and Mineral Processing IPO retail investors (RII) are offered 15,98,400 shares while in Zenith Drugs IPO retail investors are offered 15,98,400 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Owais Metal and Mineral Processing IPO and 8,59,200 shares in Zenith Drugs IPO.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
Anchor Investor Reserveration 13,68,000 shares 12,88,000 shares
Market Maker Reserveration 3,44,000 shares 8,52,800 shares
QIB 9,12,000 shares 8,59,200 shares
NII 6,84,800 shares 6,44,800 shares
RII 15,98,400 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 31,95,200 shares 30,08,000 shares

Bids Received (Subscription)

Owais Metal and Mineral Processing IPO subscribed 221.18x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  Owais Metal and Mineral Processing IPO Zenith Drugs IPO
QIB (times) 92.06x 106.72x
NII (times) 329.36x 368.77x
Big NII (times)
Small NII (times)
RII (times) 248.50x 139.28x
Employee (times)
Other (times)
Total (times) 221.18x 179.18x

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