Owais Metal and Mineral Processing Limited

Company Profile
Company Name Owais Metal and Mineral Processing Limited
Open Date 26-02-2024
Close Date 28-02-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹83 to ₹87 per share
Issue Size 49,07,200 shares
Application Amount ₹1,39,200
Recommendation Avoid
Owais Metal and Mineral Processing Limited was originally incorporated in the year 2022 and has its registered office in Ratlam, Madhya Pradesh, India. The company is a manufacturer and processor of various metals and minerals. The company is engaged in the manufacturing and processing of Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing of Wood Charcoal, Processing of Minerals such as Ferro Alloy, Quartz and Manganese Ore. As of December 31st, 2023, the Company had 25 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,815.76 1,825.39 2,763.67 5,164.23
Net Assets 257.38 418.54 1,301.79 2,122.77
Total Borrowings 876.79 894.60 905.67 1,350.59
Total Revenue 2,108.75 2,832.71 3,973.47 3,977.54
Profit After Tax 24.42 48.63 541.07 765.47

Tentative Timeline

Opening Date 26-02-2024
Closing Date 28-02-2024
Basis of Allotment 29-02-2024
Initiation of Refunds 01-03-2024
Credit of Shares to Demat 01-03-2024
Listing Date 04-03-2024

Objects of the Issue

Purchase of Equipment to Facilitate Manufacturing.
Working Capital Requirement.
General corporate purposes.

Contact Information

Registered Office Owais Metal and Mineral Processing Limited C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam - 457001
Phone +91-9300096498
Email info@ommpl.com
Website http://www.ommpl.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered 1,368,000 (27.88%)
Market Maker Shares Offered 344,000 (7.01%)
QIB Shares Offered 912,000 (18.58%)
NII (HNI) Shares Offered 684,800 (13.96%)
Retail Shares Offered 1,598,400 (32.57%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.01%

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