Owais Metal and Mineral Processing IPO allotment: Here's how you can check status
investors for the IPO, Owais Metal and Mineral Processing is likely to finalise the share allotment process today. Investors can check the status of Owais Metal and Mineral Processing IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.
Follow the step by step process mentioned below to check the status of allotment.
Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)
Step 2: Select IPO from the dropdown
Step 3: Put Application number and enter captcha and 'Submit'.
Owais Metal and Mineral Processing GMP
In the unlisted market, the company's shares are trading with a premium of Rs 120. If the trends sustain, the company's shares are expected to more than double on listing day, which is March 4.
Also Read: Mukka Proteins raises Rs 67 from anchor investors ahead of IPO
The company has priced the IPO at Rs 87 at the upper end.
The Rs 43 crore SME IPO of Owais Metal was subscribed 220 times at close, driven by robust demand across categories. The IPO was entirely a fresh equity issue of 49.07 lakh shares.
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.
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.
For the period ended December 2023,
