Owais Metal IPO Subscription Details

Bookbuilding IPO | ₹43 Cr | Listed at NSE SME | Mon, Feb 26, 2024 - Wed, Feb 28, 2024

Basis of Allotment - Owais Metal IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)9,12,00013,68,00022,80,0006,84,80015,98,40045,63,200
Allotment price (Rs.)878787878787
No.of applications5545914,8632,58,5592,73,481
No.of shares applied8,31,98,40016,14,8008,48,13,20022,61,26,40041,36,94,40072,46,34,000
Amount collected (Rs.cr.)723.83 14.05 737.87 1,967.30 3,599.14 6,304.32
No.of times subscribed91.231.1837.20330.21258.82158.80
No.of shares allotted9,12,00013,68,00022,80,0006,84,80015,98,40045,63,200
Amount (Rs.cr.)7.93 11.90 19.84 5.96 13.91 39.70
No.of allottees554590059

IPO Shares Offered

Owais Metal IPO is a public issue of 0.46 Cr equity shares. The issue offers 0.16 Cr shares to retail investors, 0.23 Cr shares to qualified institutional buyers, and 0.07 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker3,44,0002.99 7.01%
QIB 22,80,00019.84 46.46%
    Anchor 13,68,000 11.90 27.88%
    QIB (Ex Anchor) 9,12,000 7.93 18.58%
NII* 6,84,8005.96 13.96%
Retail15,98,40013.91 32.57%
Total49,07,20042.69 100%

Owais Metal IPO Anchor Investor Allocation

A total of 13,68,000 shares at a price of Rs 87 per share will be allotted to the anchor investors.

Anchor investors bid opening dateFeb 23, 2024
Anchor investor price₹87.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days6,84,000
No. of shares locked-in for 90 days6,84,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 PERSISTENT GROWTH FUND PERSISTENT 8,49,600 7.39 62.11 17.31
2 VIKASA CAPITAL INC. VIKASA 1,15,200 1.00 8.42 2.35
3 FINAVENUE GROWTH FUND FINAVENUE 2,88,000 2.51 21.05 5.87
4 LC RADIANCE FUND VCC LC RADIANCE 1,15,200 1.00 8.42 2.35
13,68,00011.9010027.88

IPO Subscription FAQs

The Owais Metal IPO is subscribed 221.18 times by Feb 28, 2024 18:21.

Owais Metal IPO Subscription

Investor Category Subscription (times)
Qualified Institutional92.06
Non Institutional329.36
Retail Individual248.5
Total Subscription221.18

Retail category of Owais Metal IPO subscribed 248.5 times as of date Feb 28, 2024 18:21. The public issue closes on Wed, Feb 28, 2024 for bidding.

An investor can apply in Owais Metal IPO online via bank (using ASBA) or the broker (using UPI). The Owais Metal IPO shares are offered online only.

The Owais Metal IPO is subscribed 221.18 times by Feb 28, 2024 18:21.

The Owais Metal IPO allotment status is expected on or around Thursday, February 29, 2024. Visit Owais Metal IPO allotment status to check.

The Owais Metal IPO listing date is March 4, 2024. The equity share of Owais Metal IPO will list on NSE SME.

Visit Owais Metal IPO subscription status page for real-time bidding information about Owais Metal IPO.

Owais Metal IPO Timetable

IPO opens OnMonday, February 26, 2024
IPO Closes OnWednesday, February 28, 2024
Finalisation of Basis of AllotmentThursday, February 29, 2024
Initiation of RefundsFriday, March 1, 2024
Credit of Shares to Demat AccountFriday, March 1, 2024
IPO Listing DateMonday, March 4, 2024
Open an Instant Account with Zerodha