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SME IPO Status: Listed [26th Feb 2024 to 28th Feb 2024]
Owais Metal and Mineral Processing IPO, a SME IPO of ₹42.69 Cr was launced on 26-02-2024 to 28-02-2024 and the shares got listed on NSE SME on 04-03-2024.
The public issue of Owais Metal and Mineral Processing IPO (OWAIS) was offered at ₹87.00 per share and the ipo was listed at ₹250.00. It has delivered listing gain of 187.36%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 260800 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Feb 2024 |
| SME IPO Issue Closing Date: | 28th Feb 2024 |
| SME IPO Issue Price: | ₹83.00-87.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹42.69 Cr |
| Fresh Issue: | ₹42.69 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.01% |
| Allotment Status: | Allotment Status |
| NSE Code: | OWAIS |
Get important updates regarding Owais Metal and Mineral Processing SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 29th Feb 2024 |
| Refunds Initiation* | 1st Mar 2024 |
| Credit of Shares to Demat* | 1st Mar 2024 |
| SME IPO Listing Date* | 4th Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹83.00-87.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹139200 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-03-2024 | 87.00 | 100 | 121600 | ₹187 (114.94%) | 4-Mar-2024 9:28 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Owais Metal and Mineral Processing Limited was incorporated in December 2022. "Owais” is an efficient and effective producer and processor of various metals and minerals. The company is uniquely diversified across the spectrum of natural resources with its primary interest in the production and processing of metals and minerals. The company is active in the production and processing of the following products.
Its products, such as manganese oxide, are used in the fertiliser industry and in manganese sulphate plants. Manganese ore is used for the production of ferromanganese, silico-manganese, manganese oxide, batteries and other ferro products and can also be sold directly on the market. MC ferromanganese is used in the steel and foundry industries as it helps to remove sulphur from the steel and improve properties such as durability, machinability and formability. It can deoxidize molten metal. Their charcoal is used in furnaces in industries that require high heat for their manufacturing process, such as the steel industry.
The company has recently added new products to its portfolio, namely charcoal and processed quartz. The company has a charcoal production facility in Rajasthan and Meghnagar. The processing of quartz is done at the plant in Meghnagar.
| Incorporation | Sector | IPO Issue Size | Website |
| 2022 | Ferro & Silica Manganese | ₹42.69 Cr | http://www.ommpl.com/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 912,000 (28.54%) | 684,800 (21.43%) | 1,598,400 (50.03%) | 3,195,200 | |
| 1 | 26th Feb 2024 19:32 | 0.01x | 6.09x | 10.04x | 6.33x |
| 2 | 27th Feb 2024 19:32 | 0.71x | 37.30x | 79.55x | 47.99x |
| 3 | 28th Feb 2024 18:23 | 92.06x | 329.36x | 248.50x | 221.18x |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 5,164.23 | 379.62 |
| Revenue | 3,977.54 | |
| Profit After Tax | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves and Surplus | 795.25 | 44.28 |
| Total Borrowing | 1,350.59 | 321.29 |
| Amount in ₹ Lakhs | ||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Owais Metal and Mineral Processing Limited | 16.21 | 36.06 | ||||
| Impex Ferro Tech Ltd. | -3.82 | -31.65 | Standalone | |||
| Indian Metals & Ferro Alloys Ltd. | 41.84 | 344.33 | 15.18 | 12.14 | Standalone |
Last Updated on 08-Mar-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Owais Metal and Mineral Processing SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Owais Metal and Mineral Processing SME IPO with Zerodha.
Alternate approch to apply in Owais Metal and Mineral Processing SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Owais Metal and Mineral Processing SME IPO Review and Important Updates
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To subscribe or apply in Owais Metal and Mineral Processing SME IPO, you can use the following methods:
| Owais Metal and Mineral Processing SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Owais Metal and Mineral Processing SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Owais Metal and Mineral Processing SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Owais Metal and Mineral Processing SME IPO. Most of the Syndicate Banks provide access to apply in Owais Metal and Mineral Processing IPO via ASBA process. You must have your net banking access, DP ID information to apply in Owais Metal and Mineral Processing SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Owais Metal and Mineral Processing SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Owais Metal and Mineral Processing SME IPO Review and Important Updates
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Owais Metal and Mineral Processing SME IPO is going to be list on 04-03-2024. NSE Code for Owais Metal and Mineral Processing is OWAIS.
Other relevant questions:
When Owais Metal and Mineral Processing SME IPO will be listing? Owais Metal and Mineral Processing SME IPO NSE listing date?Owais Metal and Mineral Processing SME IPO date of listing
Owais Metal and Mineral Processing SME IPO Allotment Date is 29-02-2024.
Other relevant questions:
Owais Metal and Mineral Processing SME IPO share allotment date?Owais Metal and Mineral Processing SME IPO allotment date?
