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Owais Metal IPO IPO

SME26 Feb 202428 Feb 2024
Open
26 Feb 2024
Close
28 Feb 2024
3
Allotment
Listing
Mon, Mar 4, 2024
Price Band
₹83 to ₹87
Issue Size
49,07,200 shares (agg. up to ₹43 Cr)
Lot Size
1,600 Shares
Listing Date
Mon, Mar 4, 2024
Latest GMP
₹100
Est. Gain
114.94%
✦ AI Insight

GMP Trend

04-03-2024100Est. ₹187+114.94%
03-03-2024143Est. ₹230+164.37%
02-03-2024143Est. ₹230+164.37%

Live Subscription

CategorySubscription (times)
Total158.80x

Restated Financials (₹ Cr.)

Period Ended31 Dec 202331 Mar 2023
Assets51.643.80
Total Income39.78
Profit After Tax7.65-0.13
NET Worth21.230.57
Reserves and Surplus7.950.44
Total Borrowing13.513.21
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Purchase of Equipments to Facilitate Manufacturing19.77
2Working Capital Requirements18.00
3General Corporate Purposes1.59

About Owais Metal IPO

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.+ Read More

Contact Details

Owais Metal & Mineral Processing Ltd. AddressC/o Sayyad Akhtar Ali Vahid NagarOld Baipass Road NARatlam, Madhya Pradesh, 457001+91-9300096498info@ommpl.comVisit Website