Owais Metal and Mineral Processing IPO: Check issue size, price band, GMP and other details
investors need to know about the public offer before subscribing to the issue.
1) About Owais Metal and Mineral Processing
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-107996349»>The company is engaged in the manufacturing and processing of Manganese Oxide, MC Ferro Manganese, Wood Charcoal as well as minerals such as Ferro Alloy, Quartz and Manganese Ore.
2) Industry overview
The production level of important minerals in February 2023 were — Coal: 86.1 million tonnes, Lignite: 4.1 million tonnes, Iron Ore: 24.5 million tonnes, Manganese Ore: 2.7 lakh tonnes etc.,. In FY22, mineral production was estimated at Rs 1.9 lakh crore.
3) Owais Metal and Mineral Processing IPO issue size
The IPO is entirely a fresh equity issue of 49.07 lakh shares and through the issue, the company aims to raise Rs 43 crore.
4) Owais Metal and Mineral Processing IPO price band
The company is offering its shares at Rs 83-87 apiece, and investors can bid for 1,600 shares in 1 lot.
5) Owais Metal and Mineral Processing IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 39.77 crore and net profit of Rs 7.65 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for purchase of plant and machinery for manufacturing, working capital requirements and general corporate purposes.
7) Lead managers and Registrar
Gretex Corporate Services is acting as the lead manager to the issue and Bigshare Services is the registrar.
8) Issue structure
About 50% of the offer is reserved for QIBs, 15% for NII investors and 35%
