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Owais Metal and Mineral Processing Limited
Issue Size (Net)
up to Rs.38.18 Cr
Price Band
Rs.83 to Rs.87 per share
Issue Opens
February 26, 2024
Issue Closes
February 28, 2024

Company Highlights

1.Company 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
1.Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants
2.MC Ferro Manganese: used in the steel and casting industry
3.Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry
4Processing 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.

2. Objects of the Issue

General Corporate Purpose,
Meeting Public Issue Expenses.

3.Owais Metal and Mineral Processing IPO Registrar
Bigshare Services Pvt Ltd

Phone:+91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30 Dec 23
5164.23
3977.54
765.47
2122.77
795.25
1350.59
31 Mar 23
379.62
-12.72
57.28
44.28
321.29

Owais Metal and Mineral Processing IPO Details

Issue Opening Date
February 26, 2024
Issue Closing Date
February 28, 2024
Face Value
Rs.10 per share
Price
Rs.83 to Rs.87 per share
Lot Size
1600 Shares
Issue Size
4,907,200 shares (aggregating up to Rs.42.69 Cr)
Fresh Issue
4,907,200 shares (aggregating up to Rs.42.69 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME

Owais Metal and Mineral Processing IPO Reservation

Investor Category
Shares Offered
QIB Shares Offered
Not more than 50.00% of the Net offer
Retail Shares Offered
Not less than 35.00% of the Offer
NII (HNI) Shares Offered
Not less than 15.00% of the Offer

Owais Metal and Mineral Processing IPO Reservation

Event
Tentative Date
Opening Date
Monday, February 26, 2024
Closing Date
Wednesday, February 28, 2024
Basis of Allotment
Thursday, February 29, 2024
Initiation of Refunds
Friday, March 1, 2024
Credit of Shares to Demat
Friday, March 1, 2024
Listing Date
Monday, March 4, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 28, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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