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Owais Metal and Mineral Processing IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Ratlam and caters to Minerals sector. Gretex Corporate Services is the merchant banker of Owais Metal and Mineral Processing IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th September 2023.
Owais Metal and Mineral Processing IPO open date is 26th February 2024 and close date is 28th February 2024. IPO Allotment Date is 29th February 2024 and Listing date is 4th March 2024.Owais Metal and Mineral Processing IPO size is Rs 42.69 Cr. crores with IPO price of Rs 87.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Owais Metal and Mineral Processing IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Owais Metal and Mineral Processing IPO.
Owais Metal and Mineral Processing IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Persistent Growth Fund- | 849,600.00 | ₹87.00 | ₹73,915,200.00 |
| FINAVENUE CAPITAL TRUST | 288,000.00 | ₹87.00 | ₹25,056,000.00 |
| LC Radiance Fund | 115,200.00 | ₹87.00 | ₹10,022,400.00 |
| Vikasa India EIF | 115,200.00 | ₹87.00 | ₹10,022,400.00 |
Owais Metal and Mineral Processing IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Owais Metal and Mineral Processing IPO, based in Ratlam, operates in the Minerals sector with a focus on production and processing of metals and minerals. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Owais Metal and Mineral Processing IPO size is ₹ 42.69 Cr. Crores with fresh issue size of Rs 42.69 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Owais Metal and Mineral Processing IPO is expected to be 29th February 2024, after the finalization of basis of allotment. Investors can check Owais Metal and Mineral Processing IPO allotment status on the registrars website, Bigshare Services Private Limited. Owais Metal and Mineral Processing IPO refund dates are 1st March 2024.
Owais Metal and Mineral Processing IPO is expected to be listed on 4th March 2024.
The upper price band for the Owais Metal and Mineral Processing IPO is set at ₹ 87.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Owais Metal and Mineral Processing IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Owais Metal and Mineral Processing IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th February 2024. After submission, funds are blocked until the basis of allotment of Owais Metal and Mineral Processing IPO is finalised.
The merchant banker for Owais Metal and Mineral Processing IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Owais Metal and Mineral Processing IPO RHP for further details.
The registrar for Owais Metal and Mineral Processing IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Owais Metal and Mineral Processing IPO through their official website or helpline.
Owais Metal and Mineral Processing IPO was subscribed 221.18 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 42.69 Cr.
Avg IPO Size (Sector Based)
:
₹ 30.15 Cr.
Sector: Minerals
SME IPO so far:
7
Merchant Banker:
Gretex Corporate
SME IPO by BRLM so far:
47
City:
Ratlam
SME IPO so far:
7
Revenue (annualised):
₹ 52.69 cr.
PE
Ratio:
15.50x
Average Sector PE Ratio: 18.07x
Owais Metal and Mineral Processing IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Owais Metal and Mineral Processing Financial Review Page
Merchant Banker(s) of Owais Metal and Mineral Processing IPO: Gretex Corporate Services Limited
Owais Metal and Mineral Processing IPO subscription was 221.18 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Owais Metal and Mineral Processing IPO listed at a listing price of 262.50 against the offer price of 87.00.
The current market price of Owais Metal and Mineral Processing is 649.55.
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