Owais Metal and Mineral Processing Limited
ListedSMEEmerging SME Services · NSE
Established in 2022, Owais Metal and Mineral Processing Limited specializes in metal and mineral processing, having evolved from its prior operation as M/s Owais Ali Overseas, a sole proprietorship led by Mr. Saiyyed Owais Ali. The company's diverse product portfolio includes manganese oxide (MnO) for the fertilizer and manganese sulfate industries, MC Ferro Manganese for steel and casting, charcoal for high-heat industrial furnaces, and various mineral processing solutions involving ferroalloys, quartz, and manganese ore, serving industries such as hospitality, ceramics, glass, and furniture. With a market presence spanning Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat, the company operates a manufacturing facility in Meghnagar, Madhya Pradesh. As of December 31, 2023, Owais Metal and Mineral Processing Limited employed 25 permanent staff members, supporting its operational and market expansion efforts.
Price Band
₹83 – ₹87
Issue Size
₹42.69 Cr
Lot Size
1600 shares
GMP
₹100
+114.9%
Est. Listing
₹187
at current GMP
Subscribed
221.29x
overall
Open
26 Feb 2024
Close
28 Feb 2024
Allotment
29 Feb 2024
Refund
1 Mar 2024
Demat Credit
2 Mar 2024
Listing
4 Mar 2024
Last updated 12 days ago
Official Registrar Verification
Owais Metal and Mineral Processing Limited Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
29 Feb 2024
Basis finalization
Refunds Initiate
1 Mar 2024
Mandate release
Demat Credit
2 Mar 2024
Shares in demat
Listing Debut
4 Mar 2024
Trading begins
How to Check Owais Metal and Mineral Processing Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select Owais Metal and Mineral Processing Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Owais Metal and Mineral Processing Limited Public Issue & Market Profile
Owais Metal and Mineral Processing Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹42.69 Crores. The shares are offered at a price band of ₹83 to ₹87 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-02-28, the basis of allotment is scheduled to be finalized on 2024-02-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.