Owais Metal and Mineral Processing Limited
Book Built Issue IPO · NSE
- Price band
- ₹83 - ₹87
- Lot size
- 1,600 shares
- Issue amount
- ₹42.69 cr
- Total subscription
- 221.29×
- Opens
- 26 Feb 2024
- Closes
- 28 Feb 2024
- Allotment
- 29 Feb 2024
- Listing
- 4 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 49,07,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,32,800
- Fresh issue
- ₹42.69 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,39,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,32,75,198
- Shares after issue
- 1,81,82,398
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,39,200 |
| HNI | 2 | 3,200 | ₹2,78,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.93 | 730.47 |
| RETAIL | 13.91 | 3,455.67 |
| NIB | 5.96 | 1,965.23 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0 |
| ROE | -5.35 |
| ROCE | 0 |
| RONW | -22.22 |
| PRE IPO(PE) | 0 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Established in 2022, Owais Metal and Mineral Processing Limited specializes in metal and mineral processing, having evolved from its prior operation as M/s Owais Ali Overseas, a sole proprietorship led by Mr. Saiyyed Owais Ali. The company's diverse product portfolio includes manganese oxide (MnO) for the fertilizer and manganese sulfate industries, MC Ferro Manganese for steel and casting, charcoal for high-heat industrial furnaces, and various mineral processing solutions involving ferroalloys, quartz, and manganese ore, serving industries such as hospitality, ceramics, glass, and furniture. With a market presence spanning Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat, the company operates a manufacturing facility in Meghnagar, Madhya Pradesh. As of December 31, 2023, Owais Metal and Mineral Processing Limited employed 25 permanent staff members, supporting its operational and market expansion efforts.
Strengths
- Established Client Base: Provides consistent revenue, reduces customer acquisition costs, and offers expansion opportunities through upselling or cross-selling.
- Optimal Resource Utilization: Enhances efficiency, lowers costs, and maximizes profitability.
- Fully Integrated Manufacturing Facility: Ensures quality control, reduces dependency on third-party suppliers, and improves production timelines.
- Strong Customer Relationships: Boosts customer retention, builds brand trust, and generates referrals for organic growth.
- Robust Distribution Network: Ensures wider market penetration, faster delivery, and stronger brand presence.
Risk factors
- Legal Proceedings Risk: Ongoing legal issues could lead to financial liabilities, operational disruptions, and reputational damage. Proactive legal management and risk mitigation strategies are crucial.
- Limited Operating History: Investors may find it difficult to evaluate long-term performance due to the company's recent formation. Transparency and strong financial disclosures will be essential for building investor confidence.
- Leased Office Dependency: A leased registered office introduces risks of relocation or lease termination, which could disrupt operations. Exploring long-term lease agreements or potential ownership options could mitigate this risk.
- Environmental Regulation Compliance: Stringent environmental laws require the company to stay compliant. Failure to do so could lead to fines, legal actions, or operational shutdowns. Regular audits and proactive compliance measures are advisable.
- Business Acquisition Risk: Integrating an acquired business comes with operational, cultural, and financial challenges. A structured integration plan, including synergy identification and process alignment, is necessary to ensure smooth operations and growth.
Promoters
Mr. Saiyyed Owais Ali
Mr. Sayyad Akhtar Ali
Mr. Saiyyed Murtuza Ali
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ratlam - 457001
+91-9300096498
[email protected]Company website ↗Understanding OWAIS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.