Owais Metal and Mineral IPO: GMP rises, subscription status on Day-3, issue details, all you need to know
₹83 to ₹87 per share. Owais Metal and Mineral Processing ltd main interest is in metal and minerals mining and processing. It engages in the manufacturing and processing of minerals including Manganese Oxide, MC Ferro Manganese, Wood Charcoal, Ferro Alloy, Quartz, and Manganese Ore Owais Metal and Mineral Processing IPO subscribed 221.18 times by 6.20 PM on February 28, 2024 (day 3).
The public issue subscribed 92.06 time in the retail category,92.06 times in QIB, and 329.36 times in the NII category as per chottorgarh.com data. Shares of the company are available at a premium of ₹127 in grey market today has risen regularly from ₹115 at the end of Day-2 and from ₹70 per share at the end of Day-1 .The subscription status indicates that the investors are expecting stronger listing on the exchanges. Grey market premium' indicates investors' readiness to pay more than the issue price.
1] Owais Metal and Mineral Processing IPO date: The public issue opened for subscription on February 26, 2024 and closes on February 28, 2024. Also Read: Mukka Proteins IPO opens tomorrow: GMP, issue details, 10 key things to know before investing to ₹224-crore issue 2] Owais Metal and Mineral Processing IPO price: The Owais Metal and Mineral Processing IPO price band is set at ₹83 to ₹87 per share. 3] Owais Metal and Mineral Processing IPO size: The SME IPO of Owais Metal and Mineral Processing aims to raise ₹43 crore through the issuance of 49.07 lakh shares (Up to 49,07,200 Equity shares.
The face value of Equity Shares is ₹10/- each. Of the total share being issues, 1,598,400 or 32.57% are being offered to the retail shareholders. 4] Owais Metal and Mineral Processing IPO Lot size: The minimum lot size for an application is 1600 Shares and
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