Owais Metal and Mineral Processing Limited

Company Name	Owais Metal and Mineral Processing Limited
Open Date	26-02-2024
Close Date	28-02-2024
Exchange	NSE SME
Lot Size	1600 Shares
Issue Price	₹83 to ₹87 per share
Issue Size	49,07,200 shares
Application Amount	₹1,39,200
Recommendation	Avoid

Owais Metal and Mineral Processing Limited was originally incorporated in the year 2022 and has its registered office in Ratlam, Madhya Pradesh, India. The company is a manufacturer and processor of various metals and minerals. The company is engaged in the manufacturing and processing of Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing of Wood Charcoal, Processing of Minerals such as Ferro Alloy, Quartz and Manganese Ore. As of December 31st, 2023, the Company had 25 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Dec-23
Total Assets	1,815.76	1,825.39	2,763.67	5,164.23
Net Assets	257.38	418.54	1,301.79	2,122.77
Total Borrowings	876.79	894.60	905.67	1,350.59
Total Revenue	2,108.75	2,832.71	3,973.47	3,977.54
Profit After Tax	24.42	48.63	541.07	765.47

Tentative Timeline

Opening Date	26-02-2024
Closing Date	28-02-2024
Basis of Allotment	29-02-2024
Initiation of Refunds	01-03-2024
Credit of Shares to Demat	01-03-2024
Listing Date	04-03-2024

Objects of the Issue

Purchase of Equipment to Facilitate Manufacturing.

Working Capital Requirement.

General corporate purposes.

Contact Information

Registered Office	Owais Metal and Mineral Processing Limited C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam - 457001
Phone	+91-9300096498
Email	info@ommpl.com
Website	http://www.ommpl.com/

Offer Documents

Owais Metal and Mineral Processing IPO DRHP

Owais Metal and Mineral Processing IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered	1,368,000 (27.88%)
Market Maker Shares Offered	344,000 (7.01%)
QIB Shares Offered	912,000 (18.58%)
NII (HNI) Shares Offered	684,800 (13.96%)
Retail Shares Offered	1,598,400 (32.57%)

Shareholding Pattern

Share Holding Pre Issue (Promoters)	100.00%
Share Holding Post Issue (Promoters)	73.01%