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Owais Metal IPO is a book build issue of ₹42.69 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹42.69 crore.
Owais Metal IPO bidding started from Feb 26, 2024 and ended on Feb 28, 2024. The allotment for Owais Metal IPO was finalized on Feb 29, 2024. The shares got listed on NSE SME on Mar 4, 2024.
Owais Metal IPO price band is set at ₹87.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,78,400.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Owais Metal IPO RHP for detailed Information.
| IPO Date | February 26, 2024 to February 28, 2024 |
| Listing Date | March 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹83 to ₹87 per share |
| Issue Price Final | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,07,200 shares (aggregating up to ₹42.69 Cr) |
| Reserved for Market Maker | 3,44,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹2.99 Cr) |
| Net Offered to Public | 45,63,200 shares (aggregating up to ₹39.70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,32,75,198 shares |
| Share Holding Post Issue | 1,81,82,398 shares |
Owais Metal and Mineral Processing IPO offers total 49,07,200 shares. Out of which 22,80,000 (46.46%) allocated to QIB, 9,12,000 (18.58%) allocated to QIB, 6,84,800 (13.96%) allocated to NII, 15,98,400 (32.57%) allocated to RII and 13,68,000 (27.88%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,44,000 (7.01%) |
| QIB Shares Offered | 22,80,000 (46.46%) |
| − Anchor Investor Shares Offered | 13,68,000 (27.88%) |
| − QIB (Ex. Anchor) Shares Offered | 9,12,000 (18.58%) |
| NII (HNI) Shares Offered | 6,84,800 (13.96%) |
| Retail Shares Offered | 15,98,400 (32.57%) |
| Total Shares Offered | 49,07,200 (100.00%) |
Owais Metal IPO raises ₹11.90 crore from anchor investors. Owais Metal IPO Anchor bid date is February 23, 2024. Owais Metal IPO Anchor Investors list
| Bid Date | February 23, 2024 |
| Shares Offered | 13,68,000 |
| 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 IPO opens on February 26, 2024, and closes on February 28, 2024.
| IPO Open Date | Mon, Feb 26, 2024 |
| IPO Close Date | Wed, Feb 28, 2024 |
| Tentative Allotment | Thu, Feb 29, 2024 |
| Initiation of Refunds | Fri, Mar 1, 2024 |
| Credit of Shares to Demat | Fri, Mar 1, 2024 |
| Tentative Listing Date | Mon, Mar 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 28, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,39,200 |
| Retail (Max) | 1 | 1,600 | ₹1,39,200 |
| HNI (Min) | 2 | 3,200 | ₹2,78,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
The company's manufacturing facility is located in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company had 25 permanent employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 5,164.23 | 379.62 |
| Total Income | 3,977.54 | |
| Profit After Tax | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves and Surplus | 795.25 | 44.28 |
| Total Borrowing | 1,350.59 | 321.29 |
| Amount in ₹ Lakhs | ||
The market capitalization of Owais Metal IPO is ₹158.19 Cr.
| KPI | Values |
|---|---|
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| Price to Book Value | 5.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.08 | 2.98 |
| P/E (x) | 21.35 | 29.24 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
[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...
| Listing Date | March 4, 2024 |
| BSE Script Code | |
| NSE Symbol | OWAIS |
| ISIN | INE0R8M01017 |
| Final Issue Price | ₹87 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹250.00 |
| Low | ₹241.00 |
| High | ₹262.50 |
| Last Trade | ₹262.50 |
Owais Metal & Mineral Processing Ltd.
C/o Sayyad Akhtar Ali Vahid Nagar,
Old Baipass Road NA
Ratlam, Madhya Pradesh, 457001
Phone: +91-9300096498
Email: info@ommpl.com
Website: http://www.ommpl.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Owais Metal IPO is a SME IPO of 49,07,200 equity shares of the face value of ₹10 aggregating up to ₹42.69 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
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 IPO using UPI as a payment gateway. Zerodha customers can apply in Owais Metal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Owais Metal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Owais Metal IPO opens on February 26, 2024 and closes on February 28, 2024.
Owais Metal IPO lot size is 1600, and the minimum amount required for application is ₹1,39,200.
You can apply in Owais Metal IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Owais Metal 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 IPO allotment status.
The Owais Metal IPO listing date is on Monday, March 4, 2024.
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