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
Overall Subscription
221.29x
Total Demand
QIB Multiplier
92.06x
Institutions & Funds
NII / HNI
329.86x
High Net-Worth
Retail (RII)
248.50x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 912,000 | 83,961,600 | 92.06x |
| NIB | 684,800 | 225,888,000 | 329.86x |
| RETAIL | 1,598,400 | 397,203,200 | 248.50x |
| Total | 3,195,200 | 707,052,800 | 221.29x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,073 | 266,641 | 248.50x |
| HNIs (10L +) | 7 | 2,309 | 329.86x |
| HNIs (2-10L) | 33 | 10,885 | 329.86x |
| Total Applications | 1,113 | 279,835 | 251.42x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Owais Metal and Mineral Processing Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Owais Metal and Mineral Processing Limited IPO is ₹100 per equity share. Based on the upper price band of ₹83 to ₹87 per equity share, the estimated listing price is ₹187 (+114.9% expected listing gain).
What is the expected profit per lot for Owais Metal and Mineral Processing Limited IPO?
With a lot size of 1600 shares and current GMP of ₹100, the expected profit per application lot is approx ₹1,60,000 (+114.9% gain). Minimum application cost is approx ₹1,39,200.
What is the issue size and price band for Owais Metal and Mineral Processing Limited IPO?
The Owais Metal and Mineral Processing Limited IPO aggregate issue size is ₹42.69 Crores with an equity price band set at ₹83 to ₹87 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,39,200.
How can I check Owais Metal and Mineral Processing Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 221.29x (Retail: 248.50x, QIB: 92.06x, NII: 329.86x). You can track live multiples directly on our dedicated subscription page.
Where and when will Owais Metal and Mineral Processing Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-02-29. Investors can verify status using PAN card or application number.
When is the listing date for Owais Metal and Mineral Processing Limited IPO?
Owais Metal and Mineral Processing Limited shares are scheduled to list on NSE on 2024-03-04.