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Owais Metal and Mineral Processing Limited IPO (Owais Metal and Mineral Processing IPO) Detail

February 26, 2024 - February 28, 2024

Owais Metal and Mineral Processing IPO is a book built issue of Rs 42.69 crores. The issue is entirely a fresh issue of 49.07 lakh shares.

Owais Metal and Mineral Processing IPO bidding started from February 26, 2024 and ended on February 28, 2024. The allotment for Owais Metal and Mineral Processing IPO was finalized on Thursday, February 29, 2024. The shares got listed on NSE SME on March 4, 2024.

Owais Metal and Mineral Processing IPO price band is set at ₹83 to ₹87 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹278,400.

Gretex Corporate Services Limited is the book running lead manager of the Owais Metal and Mineral Processing IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Owais Metal and Mineral Processing IPO is Gretex Share Broking.

Refer to Owais Metal and Mineral Processing IPO RHP for detailed information.

Owais Metal and Mineral Processing IPO Details

IPO Date February 26, 2024 to February 28, 2024
Listing Date March 4, 2024
Face Value ₹10 per share
Price Band ₹83 to ₹87 per share
Lot Size 1600 Shares
Total Issue Size4,907,200 shares
(aggregating up to ₹42.69 Cr)
Fresh Issue4,907,200 shares
(aggregating up to ₹42.69 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue13,275,198
Share holding post issue18,182,398
Market Maker portion344,000 shares
Gretex Share Broking

Owais Metal and Mineral Processing IPO Reservation

Owais Metal and Mineral Processing IPO offers 4,907,200 shares. 912,000 (18.58%) to QIB, 684,800 (13.96%) to NII, 1,598,400 (32.57%) to RII and 1,368,000 (27.88%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,368,000 (27.88%)
Market Maker Shares Offered344,000 (7.01%)
QIB Shares Offered912,000 (18.58%)
NII (HNI) Shares Offered684,800 (13.96%)
Retail Shares Offered1,598,400 (32.57%)
Total Shares Offered4,907,200 (100%)

Owais Metal and Mineral Processing IPO Anchor Investors Details

Owais Metal and Mineral Processing IPO raises Rs 11.90 crore from anchor investors. Owais Metal and Mineral Processing IPO Anchor bid date is February 23, 2024. Owais Metal and Mineral Processing IPO Anchor Investors list

Bid Date February 23, 2024
Shares Offered 1,368,000
Anchor Portion Size (In Cr.) 11.90
Anchor lock-in period end date for 50% shares (30 Days) March 30, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 29, 2024

Owais Metal and Mineral Processing IPO Timeline (Tentative Schedule)

Owais Metal and Mineral Processing IPO opens on February 26, 2024, and closes 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

Owais Metal and Mineral Processing IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹139,200
Retail (Max) 1 1600 ₹139,200
HNI (Min) 2 3,200 ₹278,400
Lot Size Calculator

Owais Metal and Mineral Processing IPO Promoter Holding

Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali are the company promoters.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.01%

About Owais Metal and Mineral Processing Limited

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

  1. Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants
  2. MC Ferro Manganese: used in the steel and casting industry
  3. Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry
  4. 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.

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

Key Performance Indicator

The market capitalization of Owais Metal and Mineral Processing IPO is Rs 158.19 Cr.

KPI Values
ROE-5.35%
Debt/Equity5.61
RoNW-22.22%
P/BV5.37
Pre IPO Post IPO
EPS (Rs) 4.082.98
P/E (x) 21.3529.24
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.

Objects of the Issue (Owais Metal and Mineral Processing IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  1. Purchase of Equipment to Facilitate Manufacturing
  2. Working Capital Requirements
  3. General Corporate Purposes.

Owais Metal and Mineral Processing IPO Review (Avoid)

[Dilip Davda]  The company is in the manufacturing and processing of minerals and metals. It marked jump in its bottom lines from FY23 onwards that not only raise eyebrows but also concern over its sustainability going forward. Based on its FY24 annualized super earnings, the issue appears fully priced. There is no harm is skipping this “High Risk/Low Return” bet. Read detail review...


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

The Owais Metal and Mineral Processing IPO is subscribed 221.18 times on February 28, 2024 6:21:00 PM. The public issue subscribed 248.50 times in the retail category, 92.06 times in the QIB category, and 329.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB92.06
NII329.36
Retail248.50
Total221.18

Total Application : 248,255 (248.50 times)

Owais Metal and Mineral Processing IPO Rating

9
3.7
Rating:Rated 3.7 stars
Vote Here ...

Owais Metal and Mineral Processing IPO Listing Details

Listing Date March 4, 2024
BSE Script Code
NSE Symbol OWAIS
ISIN INE0R8M01017
Final Issue Price ₹87 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹87.00
₹250.00
₹241.00
₹262.50
₹262.50

Check IPO Performance…

Owais Metal and Mineral Processing Limited Contact Details

Owais Metal and Mineral Processing Limited
C/o Sayyad Akhtar Ali Vahid Nagar,
Old Baipass Road NA
Ratlam - 457001
Phone: +91-9300096498
Email: info@ommpl.com
Website: http://www.ommpl.com/

Owais Metal and Mineral Processing IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Owais Metal and Mineral Processing IPO - Buy or Not

Owais Metal and Mineral Processing IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 3 1 1

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Owais Metal and Mineral Processing IPO FAQs

Owais Metal and Mineral Processing IPO is a SME IPO of 4,907,200 equity shares of the face value of ₹10 aggregating up to ₹42.69 Crores. The issue is priced at ₹83 to ₹87 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 26, 2024, and closes on February 28, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Owais Metal and Mineral Processing IPO using UPI as a payment gateway. Zerodha customers can apply in Owais Metal and Mineral Processing IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Owais Metal and Mineral Processing IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Owais Metal and Mineral Processing IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Owais Metal and Mineral Processing IPO opens on February 26, 2024 and closes on February 28, 2024.

Owais Metal and Mineral Processing IPO lot size is 1600 Shares, and the minimum amount required is ₹139,200.

You can apply in Owais Metal and Mineral Processing IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Owais Metal and Mineral Processing IPO will be done on Thursday, February 29, 2024, and the allotted shares will be credited to your demat account by Friday, March 1, 2024. Check the Owais Metal and Mineral Processing IPO allotment status.

The Owais Metal and Mineral Processing IPO listing date is on March 4, 2024.
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Owais Metal and Mineral Processing IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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355 Comments

148. SaurabhJogi |   Link |  Bookmark |March 15, 2024 9:31:02 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Added more today for long term✅
148.1. SaurabhJogi |   Link |  Bookmark |March 20, 2024 2:10:51 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
On fire today🔥
148.2. SaurabhJogi |   Link |  Bookmark |March 21, 2024 4:29:03 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
20% UC today
60% up in last 4 days🔥
147. ManishDwiv |   Link |  Bookmark |March 5, 2024 5:57:26 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
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
146. SaurabhJogi |   Link |  Bookmark |March 5, 2024 11:14:24 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Added more today

146.1. SaurabhJogi |   Link |  Bookmark |March 5, 2024 1:12:55 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
LC to UC🔥
145. SaurabhJogi |   Link |  Bookmark |March 5, 2024 11:14:59 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Added more today for long term!

144. Vikajay |   Link |  Bookmark |March 4, 2024 7:26:22 PM (200+ Posts)
🔥 🌧️ Aag par barish hone wali hai.
143. ManishDwiv |   Link |  Bookmark |March 4, 2024 5:22:33 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
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      -
143.1. SaurabhJogi |   Link |  Bookmark |March 4, 2024 5:30:55 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
🔥
143.2. SaurabhJogi |   Link |  Bookmark |March 5, 2024 8:23:37 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Added 1 more owais today
142. BLUE WHALE |   Link |  Bookmark |March 4, 2024 2:00:38 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
BIKANER ka rate CG / Mumbai/ Rajkot se thoda alag chalta hai.
So stop blaming game
141. BLUE WHALE |   Link |  Bookmark |March 4, 2024 1:59:12 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
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
140. risingsun |   Link |  Bookmark |March 4, 2024 10:48:27 AM (200+ Posts)
@BLUE WHALE Now 262 ? 120 me buyyer nahi mil rahe the but now money 202.% return, kahe sabka mind diverte Kiya ?
139. Gulla |   Link |  Bookmark |March 4, 2024 10:17:46 AM
Sold at 250 pre-open
Decent returns
138. PLAZA |   Link |  Bookmark |March 4, 2024 9:01:24 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
sold @ 262.5
138.3. IPONEED |   Link |  Bookmark |March 4, 2024 9:33:38 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
@PLAZA 

You got every SME IPO ?

what a joke ?
138.4. PLAZA |   Link |  Bookmark |March 4, 2024 9:35:37 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
@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
137. M Gupta |   Link |  Bookmark |March 4, 2024 8:55:26 AM
IPO Guru IPO Guru (1000+ Posts, 3100+ Likes)
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.
136. rahulkrjain |   Link |  Bookmark |March 4, 2024 8:31:54 AM (300+ Posts)
Bumper listing,
Confused after few suggestions to sell.
Any final suggestion
136.1. Piyuush |   Link |  Bookmark |March 4, 2024 8:54:35 AM
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.
135. ARJUN'S EYE |   Link |  Bookmark |March 4, 2024 8:52:59 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Sold....
134. Piyuush |   Link |  Bookmark |March 4, 2024 8:50:10 AM
250
1 lot sold😍
133. Shakti Man |   Link |  Bookmark |March 4, 2024 8:33:13 AM
Sell order is getting rejected in Zerodha (Limit Price 87). Rejected twice. Any suggestion seniors?
133.1. Diligent IPO Learner |   Link |  Bookmark |March 4, 2024 8:39:53 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Now it is working
put a sell limit order at 190
133.2. Shakti Man |   Link |  Bookmark |March 4, 2024 8:48:07 AM
Thanks. It worked after 9:33 AM.
Zerodha is giving panic attacks.
132. chintanparikh |   Link |  Bookmark |March 3, 2024 11:31:53 PM
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

131. Lokesh Chiru |   Link |  Bookmark |March 3, 2024 10:01:20 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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.
131.1. Gulla |   Link |  Bookmark |March 3, 2024 10:49:37 PM
What % of circuit limits are on the Listing day. Plz tell
131.2. Lokesh Chiru |   Link |  Bookmark |March 3, 2024 11:05:40 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
5% of listing price.

Suppose stock lists at 230 then LC will be 218.5 and UC will be 241.5.
130. KING VINOD |   Link |  Bookmark |March 3, 2024 9:12:58 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
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.
130.3. SadhuMaharaj |   Link |  Bookmark |March 4, 2024 8:55:42 AM
⏺️Off topic ​@KING VINOD  Pls guide for purv flexicap also
130.4. SaurabhJogi |   Link |  Bookmark |March 4, 2024 10:09:21 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
weak LC, may open today
129. Gulla |   Link |  Bookmark |March 3, 2024 7:00:07 PM
Alloted shares are not yet credited in my dmate account.
Has anybody got credited. Plz confirm