Issue Price
₹87
Per Share
GMP
NIL
Grey Market
Est. Listing
₹87
Expected Price
Min. Application
₹278,400
2 lots × 1600 shares
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 productsManganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plantsMC Ferro Manganese: used in the steel and casting industryCharcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industryProcessing 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.
Owais Metal & Mineral Processing Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 344,000 | — | ₹2.99 Cr | — |
| TOTAL | 4,907,200 | 100.00% | ₹42.69 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹139,200 |
| Retail (Max) | 13 | 20,800 | ₹1,809,600 |
| sNII (Min) | 14 | 22,400 | ₹1,948,800 |
| bNII (Min) | 68 | 108,800 | ₹9,465,600 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | FY 2022-23 |
|---|---|---|---|
| Revenue from Operations | 3977.54 | N/A | N/A |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 765.47 | -12.72 | N/A |
| Net Worth | 2122.77 | 57.28 | N/A |
| Total Assets | 5164.23 | 379.62 | N/A |
| Reserves & Surplus | 795.25 | 44.28 | N/A |
| Total Borrowings | 1350.59 | 321.29 | N/A |