Bookbuilding IPO | ₹43 Cr | Listed at NSE SME | Mon, Feb 26, 2024 - Wed, Feb 28, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,39,200 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Feb 26, 2024
IPO Close
Wed, Feb 28, 2024
Issue Price
₹87 per share
Market Cap (Pre-IPO)
₹158.19 Cr
| IPO Date | 26 to 28 Feb, 2024 |
| Listed on | Mon, Mar 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹87 |
| Issue Price | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,07,200 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 3,44,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 45,63,200 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 45,63,200 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,32,75,198 shares |
| Share Holding Post Issue | 1,81,82,398 shares |
| NSE Symbol | OWAIS |
| ISIN | INE0R8M01017 |
Owais Metal IPO comprises a total issue size of 49,07,200 shares. The net offer to the public is 45,63,200 shares, after excluding 3,44,000 shares allotted on a firm basis. Of the Net offer 22,80,000 (49.96%) are allocated to QIB, 6,84,800 (15.01%) allocated to NII 15,98,400 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,80,000 | 49.96% | 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 | 15.01% | 13.96% |
| Retail Shares Offered | 15,98,400 | 35.03% | 32.57% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,44,000 | 7.01% | |
| Total Shares Offered | 49,07,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Owais Metal IPO raises ₹11.90 crore from anchor investors. Owais Metal IPO Anchor bid date is February 23, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 23, 2024 |
| Shares Offered | 13,68,000 |
| Anchor Portion (₹ Cr.) | 11.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 29, 2024 |
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 | 51.64 | 3.80 |
| Total Income | 39.78 | |
| Profit After Tax | 7.65 | -0.13 |
| NET Worth | 21.23 | 0.57 |
| Reserves and Surplus | 7.95 | 0.44 |
| Total Borrowing | 13.51 | 3.21 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Equipments to Facilitate Manufacturing | 19.77 |
| 2 | Working Capital Requirements | 18.00 |
| 3 | General Corporate Purposes | 1.59 |
| KPI | |
|---|---|
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| PAT Margin | 0.00% |
| Price to Book Value | 5.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.08 | 2.98 |
| P/E (x) | 21.35 | 29.24 |
| Promoter Holding | 100.00% | 73.01% |
| Market Cap | ₹158.19 Cr. |
The Owais Metal and Mineral Processing IPO is subscribed 221.18 times on February 28, 2024 6:21:00 PM (Day 3). The public issue subscribed 248.5 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 92.06 | 9,12,000 | 8,39,61,600 |
| NII* | 329.36 | 6,84,800 | 22,55,44,000 |
| Retail | 248.5 | 15,98,400 | 39,72,08,000 |
| Total | 221.18 | 31,95,200 | 70,67,13,600 |
Total Application : 2,48,255
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.90 |
| 2 | Underwriting Fees | 1.00 |
| 3 | Market Making Fees | 0.11 |
| 4 | Fees payable to Registrar to Issue | 0.03 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.05 |
| 7 | Fees payable to Regulators including Stock Exchange & Depositories | 0.10 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.02 |
| 10 | Payment to Sponsor Bank | 0.02 |
| 11 | Statutory & Other Reports | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹250.00 |
| Low | ₹241.00 |
| High | ₹262.50 |
| Last Trade | ₹262.50 |
Lead Manager Reports
Owais Metal IPO is a SME IPO of 49,07,200 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Feb 26, 2024, and closes on Wed, Feb 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 Mon, Feb 26, 2024 and closes on Wed, Feb 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 Fri, Mar 1, 2024. Check the Owais Metal IPO allotment status.
The Owais Metal IPO listing date is on Mon, Mar 4, 2024.
