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Open
26 Feb 2024
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Close
28 Feb 2024
3
Allotment
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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
04-03-2024₹100Est. ₹187+114.94%
03-03-2024₹143Est. ₹230+164.37%
02-03-2024₹143Est. ₹230+164.37%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 158.80x |
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | 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 |
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