Owais Metal and Mineral Processing Limited IPO
- IPO Date26 Feb, 2024 to 28 Feb, 2024
- Listing Date04 Mar, 2024
- Face Value₹10 per share
- Issue Price₹83 to ₹87 per share
- Lot Size1600 Shares
- Minimum Investment₹1,39,200
- Listing AtNSE SME
- Total Issue Size49,07,200 Shares
(aggregating up to ₹42.69 Cr) - Fresh Issue49,07,200 Shares
(aggregating up to ₹42.69 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,32,75,198
- Shareholding post issue1,81,82,398
IPO Dates
Closing Date
28 Feb, 2024
Initiation of Refunds
01 Mar, 2024
Listing Date
04 Mar, 2024
26 Feb, 2024
Opening Date
29 Feb, 2024
Basis of Allotment
01 Mar, 2024
Credit of Shares
Owais Metal and Mineral Processing Limited 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 | ₹1,39,200 |
| HNI (Min) | 2 | 3200 | ₹2,78,400 |
| Retail (Max) | 1 | 1600 | ₹1,39,200 |
Owais Metal and Mineral Processing Limited Promoter Holding
Mr. Saiyyed Owais Ali, Mr. Sayyad Akhtar Ali, and Mr. Saiyyed Murtuza Ali are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.01% |
Owais Metal and Mineral Processing Limited COMPANY INFORMATION
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 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.
FAQs About Owais Metal And Mineral Processing Limited Ipo
Owais Metal and Mineral Processing Limited IPO will open on 26 Feb, 2024 and close on 28 Feb, 2024. Investors must apply within this period to participate.
The Owais Metal and Mineral Processing Limited IPO price band is set between ₹83.00 and ₹87.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹139200.00.
The Owais Metal and Mineral Processing Limited IPO shares are expected to be listed on 04 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Owais Metal and Mineral Processing Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Owais Metal and Mineral Processing Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.