Owais Metal and Mineral Processing (NSE SME)
Feb 26, 2024 - Feb 28, 2024
| Price | ₹83 - ₹87 |
| Premium | ₹100 |
|---|---|
| Lot size | 1600 |
| Allotment | Feb 29, 2024 |
| Listing | Mar 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 139200 | 999 |
| HNI | 2 | 3200 | 278400 | 428 |
Last updated on 28-Feb-2024 17:11:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 912000 | 83961600 | 92.06 |
| NIB | 684800 | 225888000 | 329.86 |
| RETAIL | 1598400 | 397203200 | 248.5 |
| Total | 3195200 | 707052800 | 221.29 |
| Retail Apps | 248252 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹38.53 | @8% ₹44.03 | @9% ₹49.53 | @10% ₹55.04 | @11% ₹60.54 | @12% ₹66.04 |
ANCHOR DETAILS
| Name of the Anchor Investor | No. of Equity Shares allocated | % of Anchor Investor Portion |
| Persistent Growth Fund-Varsu India Growth Story Scheme 1 | 8,49,600 | 62.11 |
| Vikasa India EIF I Fund - Zodiac Global Opportunity Fund | 1,15,200 | 8.42 |
| Finavenue Capital Trust – Finavenue Growth Fund | 2,88,000 | 21.05 |
| LC Radiance Fund VCC | 1,15,200 | 8.42 |
| Total | 13,68,000 | 100.00 |
Established in 2022, Owais Metal and Mineral Processing Limited operates in the metal and mineral processing sector. Before its incorporation, the company operated under the name M/s Owais Ali Overseas as a sole proprietorship under Mr. Saiyyed Owais Ali.
The company's product portfolio includes manganese oxide (MNO), essential for the fertilizer and manganese sulphate industries; MC Ferro Manganese, utilized in steel and casting; charcoal, vital for high-heat furnaces in industries like steel; and mineral processing involving ferroalloys, quartz, and manganese ore, serving diverse industries like hospitality, ceramics, glass, and furniture.
Its market spans across Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. The manufacturing facility is situated in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company had 25 permanent employees.
Owais Metal and Mineral Processing IPO Details
| Issue Size | 4,907,200 shares (aggregating up to ₹42.69 Cr) |
| Fresh Issue | 4,907,200 shares (aggregating up to ₹42.69 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,275,198 |
| Share holding post issue | 18,182,398 |
| Market Maker portion | 344,000 shares Gretex Share Broking |
Owais Metal and Mineral Processing IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Owais Metal and Mineral Processing IPO Lead Manager(s)
- Gretex Corporate Services Limited
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -5.35% |
| Debt/Equity | 5.61 |
| RoNW | -22.22% |
| P/BV | 5.37 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.08 | 2.98 |
| P/E (x) | 21.35 | 29.24 |
Company Financials
Owais Metal and Mineral Processing Limited Financial Information (Restated)
| Period | Dec 2023 | Mar 2023 |
| Assets | 5,164.23 | 379.62 |
| Revenue | 3,977.54 | |
| Profit | 765.47 | -12.72 |
| Net Worth | 2,122.77 | 57.28 |
| Reserves | 795.25 | 44.28 |
| Borrowing | 1,350.59 | 321.29 |
| Amount in ₹ Lakhs | ||
Strength Factors
Existing Client Base: The Company benefits from a loyal and established client base, providing a stable revenue stream and potential for upselling or cross-selling opportunities.
Optimum Utilization of Resources: Efficient resource management ensures maximum productivity and cost-effectiveness, enhancing operational efficiency and profitability.
Fully Integrated Manufacturing Facility: With a fully integrated manufacturing facility, the company maintains control over the production process, ensuring quality and timely delivery of products.
Cordial Relationship with Customers: Strong, positive relationships with customers foster trust and loyalty, leading to repeat business and referrals, which are vital for sustained growth.
Well-Developed Distribution Network: A well-developed distribution network ensures broad market reach and timely product delivery, strengthening the company's competitive position and market presence.
Risk Factors
Legal Proceedings Risk: The Company faces potential risks from ongoing legal proceedings involving its stakeholders. Adverse outcomes could significantly impact business operations, financial stability, and investor confidence.
Limited Operating History Risk: Due to its formation for the acquisition of a specific business, the company has a limited operating history as a standalone entity. This lack of historical performance data may present challenges for investors in assessing the company's past performance and future prospects.
Leased Registered Office Risk: Operating from a leased registered office exposes the company to the risk of disruptions or lease terminations. Any such events could disrupt operations and have adverse effects on the company's business continuity.
Environmental Regulation Risk: Compliance with environmental regulations and permitting requirements is crucial for the company's operations. Failure to obtain necessary permits or meet regulatory standards could lead to operational disruptions and reputational damage.
Business Acquisition Risk: The Company’s formation for the purpose of acquiring another business introduces integration risks and uncertainties. Successfully integrating the acquired business into its operations may pose challenges, affecting overall business performance and growth prospects
Owais Metal and Mineral Processing IPO Lead Manager(s)
- Gretex Corporate Services Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html