Owais Metal and Mineral Processing Limited

26 Feb 2024 - 28 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹265600

Price Band

₹83-₹87

Issue Size

35.39 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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26 Feb 2024

Open Date

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28 Feb 2024

Close Date

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29 Feb 2024

Allotment Date

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04 Mar 2024

Listing Date

Owais Metal and Mineral Processing Limited is coming up with its Initial Public Offering. This IPO is open for subscription from Monday, February 26, 2024 and will close on Wednesday, February 28, 2024. The price band is decided at Rs 83 to Rs 87 per share. The minimum lot size of this application for the retail category is 1600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,39,200 (87 x 1600 shares). However for HNI category the minimum investment amount is required Rs 2,78,400 (87 x 3200 shares). Owais Metal and Mineral Processing Limited IPO 2024 is a book-built issue of Rs 42.69 crores. The issue is entirely a fresh issue of 49.07 lakh equity shares. The allotment for this IPO is expected to be finalised on Thursday, February 29, 2024. OMMPL IPO will list on NSE SME and listing date fixed on Monday, March 4, 2024. The book running lead manager of Owais Metal and Mineral Processing Limited IPO is Gretex Corporate Services Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the OMMPL IPO is Gretex Share Broking.

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About Owais Metal And Mineral Processing Limited

OMMPL company was established in year 2022, is engaged in the business of production and processing of metal and minerals. Before, its incorporation Owais Metal and Mineral Processing business was sole proprietorship firm and was carried under the name of M/s Owais Ali Overseas. The company is engaged in the manufacturing and processing of Manganese oxide – used in fertiliser industry and manganese sulphate plant, MC Ferro Manganese – used in steel and casting industry. Also, in Charcoal production – used in furnaces in the industries that require high heat for their manufacturing process. OMMPL does the processing of minerals such as ferroalloys, quartz and manganese ore that is used in the hotel industry, tile and ceramics industry, glass  industry, Furniture and Interior design industry. OMMPL supplies products in the states of Madhya pradesh, Punjab, Delhi, Gujrat, Maharashtra. The manufacturing facility is located in Mahanagar, M.P.

Founded

2022

Managing Director

Parent Organization

IPO Objectives

OMMPL will use the funds raised from the IPO to purchase the equipment to facilitate manufacturing. Moreover, the proceeds will also be utilised to to fulfil the working capital requirements. Other than this general corporate purposes will also be met.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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