Owais Metal & Mineral Processing Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Feb 2024

Close Date

28 Feb 2024

Allotment

29 Feb 2024

Listing Date

04 Mar 2024

Exchange

NSE SME

Price Band

₹87

Listing Price

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Allotment Status

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Price Band

₹87

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

49,07,200 shares (aggregating up to ₹42.69 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹139,200

1 lot

Pre-IPO Holding

1,32,75,198 shares

Promoters

Post-IPO Holding

1,81,82,398 shares

Promoters

P/E (Pre)

21.35x

P/E (Post)

29.24x

EPS (Pre)

₹4.08

EPS (Post)

₹2.98

UPI Deadline

2024-02-28

Mandate

Anchor AllotmentSun, 25 Feb 2024

Basis of AllotmentThu, 29 Feb 2024

Refund InitiationFri, 01 Mar 2024

Demat CreditFri, 01 Mar 2024

Listing DayMon, 04 Mar 2024

UPI Mandate Deadline2024-02-28

Sale TypeFresh Capital

Net Offer to Public45,63,200 shares (aggregating up to ₹39.70 Cr)

Market Maker Quota3,44,000 shares (aggregating up to ₹2.99 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Owais Metal & Mineral Processing Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Feb 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	344,000	—	₹2.99
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,907,200	100%	₹42.69

IPO Shares Offered

Owais Metal & Mineral Processing Ltd IPO total issue size: ₹42.69 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	344,000	₹2.99	7.01%
Total	4,907,200	₹42.69	100.00%

* Based on upper price band ₹87 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹87.00

Upper Band

Min Investment

₹139,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹278,400
Retail (Max — 13 Lots)	13	20,800	₹1,809,600
S-HNI (Min — 14 Lots)	14	22,400	₹1,948,800
B-HNI (Min — 68 Lots)	68	108,800	₹9,465,600

* Issue Price ₹87 × Lot Size 1,600 shares

IPO Schedule

Anchor

25 Feb 2024

✓ Done

IPO Open

26 Feb 2024

✓ Done

IPO Close

28 Feb 2024

✓ Done

Allotment

29 Feb 2024

✓ Done

Refunds

01 Mar 2024

✓ Done

Demat Credit

01 Mar 2024

✓ Done

Listing Day

04 Mar 2024

✓ Done

₹87.00

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Issue ₹87.00 Live Price

About Owais Metal & Mineral Processing Ltd

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 productsManganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plantsMC Ferro Manganese: used in the steel and casting industryCharcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industryProcessing 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.

Objects of the Issue

Purchase of Equipment to Facilitate Manufacturing

Working Capital Requirements

General Corporate Purposes.

Owais Metal & Mineral Processing Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

N/A

31 Mar 2023

₹3,977.5

31 Dec 2023

Profit After Tax (PAT)

N/A

FY 2022-23

-₹12.7

31 Mar 2023

₹765.5

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	FY 2022-23
Revenue from Operations	3977.54	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	765.47	-12.72	N/A
Net Worth	2122.77	57.28	N/A
Total Assets	5164.23	379.62	N/A
Reserves & Surplus	795.25	44.28	N/A
Borrowings	1350.59	321.29	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

5.37

RoE

-5.35%

RoNW

-22.22%

Debt/Equity

5.61

Issue Structure & Shareholding

Total Shares Offered49,07,200 (100.00%)

Net Offer to Public45,63,200 shares (aggregating up to ₹39.70 Cr)

Reserved for Market Maker3,44,000 shares (aggregating up to ₹2.99 Cr)

Pre-Issue Promoter Holding1,32,75,198 shares

Post-Issue Promoter Holding1,81,82,398 shares

P/BV Ratio5.37

RoE-5.35%

RoCEN/A

Debt / Equity5.61

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Gretex Corporate Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Owais Metal & Mineral Processing Ltd IPO subscribed? ▲

Owais Metal & Mineral Processing Ltd IPO is subscribed 1.00 times by Feb 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Owais Metal & Mineral Processing Ltd IPO retail subscription status? ▼

The Owais Metal & Mineral Processing Ltd IPO retail category is subscribed 1.00 times as of 28 Feb 2024. The retail portion is oversubscribed.

How to subscribe Owais Metal & Mineral Processing Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Feb 2024 and closes 28 Feb 2024. Min investment: ₹139,200 (1 lot = 1,600 shares). UPI mandate: 2024-02-28.

How many times Owais Metal & Mineral Processing Ltd IPO subscribed? ▼

The Owais Metal & Mineral Processing Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Owais Metal & Mineral Processing Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Feb 2024. Refunds: on 01 Mar 2024.

When Owais Metal & Mineral Processing Ltd IPO will be listed? ▼

The Owais Metal & Mineral Processing Ltd IPO listing date is 04 Mar 2024, Monday. Listed on: NSE SME. Issue price: ₹87. Estimated listing: ₹87. GMP: NIL.

When Owais Metal & Mineral Processing Ltd IPO close? ▼

The Owais Metal & Mineral Processing Ltd IPO closes on 28 Feb 2024, Wednesday. UPI mandate: 2024-02-28. Allotment: 29 Feb 2024. Listing: 04 Mar 2024.

Quick Actions

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Live Price LIVE

Last Price₹87.00

Change—

Issue Price₹87.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹87

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹139,200

GMPNIL

Est. Listing₹87

Subscribed1.00x

Open Date26 Feb 2024

Close Date28 Feb 2024

Allotment29 Feb 2024

Listing Date04 Mar 2024

ExchangeNSE SME

UPI Deadline2024-02-28