Owais Metal and Mineral Processing Limited IPO Message Board (Page 1)

Added more today for long term✅

On fire today🔥

20% UC today
60% up in last 4 days🔥

05-Mar-2024      OWAIS      Owais Metal      

MANSI SHARE AND STOCK ADVISORS PVT LTD       BUY      81,600       249.40      -

MANSI SHARE AND STOCK ADVISORS PVT LTD       SELL      1,68,000       272.15      -

SHREE HANUMAN WIND INFRA PRIVATE LIMITED       BUY      1,04,000       274.72

Added more today

LC to UC🔥

Added more today for long term!

🔥 🌧️ Aag par barish hone wali hai.

Owais Metal BULK TODAY

      MANSI SHARE AND STOCK ADVISORS PVT LTD       BUY       2,36,800       250.00      -

SELVAMURTHY AKILANDESWARI       BUY      1,21,600       249.30      -

SHREE HANUMAN WIND INFRA PRIVATE LIMITED      BUY      1,50,400       254.06      -

🔥

Added 1 more owais today

BIKANER ka rate CG / Mumbai/ Rajkot se thoda alag chalta hai.
So stop blaming game

Dear Whomsoever

I made profit with my 2 lots. I don't care if it goes up or down.

If you know CHINTAN PARIKH, he was also negative on it, SO ?

You know his reputation.

So, Please SHUT UP and MOVE ON

​@BLUE WHALE Now 262 ? 120 me buyyer nahi mil rahe the but now money 202.% return, kahe sabka mind diverte Kiya ?

Sold at 250 pre-open
Decent returns

sold @ 262.5

​@PLAZA 

You got every SME IPO ?

what a joke ?

​@rahulkrjain Dear jain sb . It is very simple rule just book profit what we want and wish for others who brought from us ...always positive for all .....
​@SaurabhJogi Yes I think so but after today will not analys as sold 100% .

Txs

Congratulations to the allotees.

Sold one lot in pre open and kept one lot for long term.

Those who got only one lot should sell and book profit as this is a high risk journey here onwards.

Congratulations once again for bumper profit.

Bumper listing,
Confused after few suggestions to sell.
Any final suggestion

Its your call.
If you have conviction that the business is good then hold otherwise sell it.
I personally believe that for such a small company this value is too good so it's better to book profit.

Sold....

250
1 lot sold😍

Sell order is getting rejected in Zerodha (Limit Price 87). Rejected twice. Any suggestion seniors?

Now it is working
put a sell limit order at 190

Thanks. It worked after 9:33 AM.
Zerodha is giving panic attacks.

jump in GMP got me interested to dig deeper. here is my analysis. i dont think this one worth the risk to buy.
#Owais #SME #
      • Activity:
            ○ The company is engaged in the manufacturing 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.
      • Manganese Oxide is used in fertilizer industry; Manganese Ore is used in manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries and other Ferro products. Processed Quartz is being used hotel industry, Ferro Alloys industry, tiles & ceramic industry, glass industry and industry of interiors & furniture
      • Market & Customers
            ○ major products are been supplied to the state of Madhya Pradesh, Maharashtra and Gujrat
            ○ Our top 10 customers accounted for approximately 95.99% of our revenue from operations in period ended on December 31, 2023
            ○ As of December 31 2023, our Company’s Order Book was ₹ 16.72 Cr
            
      Promoters
      • Mr. Saiyyed Owais Ali, Mr. Saiyyed Murtuza Ali and Mr. Sayyad Akhtar Ali.
      • 4 crs+ of litigation + 4 criminal cases
            
      • Bad things
            ○ Cr Issue expenses
            ○ No EPFO entry found for Owais Metals but for Owais Ali Overseas - 11 Emp
            ○ Negative operative cashflow
            ○ 29 Cr trade recieveables against Rev
            ○ PE of 11 if we assume annualized EPS based on Dec 23 data, with GMP of 140 rs PE goes to ~30 and with a poor order book of 16.72 cr there is no upside upon listing
            ○ IMFA as a competitor look far more attractive compared to Owais
            ○ One of the key customer is their own firm SMO Ferro Alloys
            ○ Sector is of commodity one with none of the customer a listed entity
            ○ Cap utilization of existing facility seems enough to handle order book so not able to under IPO proceeds towards new facility
            
      • Good things
            ○ Promoter seems well connected and rich
            ○ Margin in Dec 31 seems decent if it can be sustained

GMP is going strong at 145 and stock will hit UC for couple of days after listing. Whoever got allotment can sell after couple of days as govt has been increasing focus on Metals and Minerals processing sector. Lot of projects are going to be awarded in future.

May be at a price of 270/280 stock can be sold.

Nowadays most of the SME companies after listing are trading continuous UC for couple of days irrespective of valuation and I think Owais Metal will be one among them due to strong growth prospects and increasing order book.

What % of circuit limits are on the Listing day. Plz tell

5% of listing price.

Suppose stock lists at 230 then LC will be 218.5 and UC will be 241.5.

About the OWAIS SME IPO.
There has been no pre-IPO in Owais till now.
The percentage of promoters holding 100%
News has been circulating on the street since the IPO announcement that one big investor is holding shares and is involved. Even that person's name is not in the Anchor Book either. Only one can expect that there may be chances that he might have applied for HNI Catogary and may buy on Listing day. As far as I know, he won't be buying at this much premium.

I Suggest those who got allotment can Book profit and exit positions. If we miss one IPO, nothing will happen. There are a lot of Good Companies coming and we have a lot of opportunities to make 💰 money.
I didn't got allotment and iam not buying tomorrow.

Current GMP 141 +/- 2 @ 10:00pm # 03 March.

⏺️Off topic ​@KING VINOD  Pls guide for purv flexicap also

weak LC, may open today

Alloted shares are not yet credited in my dmate account.
Has anybody got credited. Plz confirm