Business Standard

Owais Metal and Mineral Processing Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

42.69 cr

Price Range (₹)

87

Lot Size

1600

Min Investment (₹)

1,39,200.00

Listing Exchange

NSE - SME

Open Date

26-Feb-2024

Close Date

28-Feb-2024

Listing Date

04-Mar-2024

Owais Metal and Mineral Processing Ltd News

    The Shares of Owais Metal and Mineral Processing Ltd have now been listed.

    Owais Metal and Mineral Processing Ltd IPO Details

    Initial public issue of 49,07,200* equity shares of face value of Rs. 10.00 each (Equity Shares) of Owais Metal and Mineral Processing Limited (the Company or the Issuer) for cash at a price of Rs. 87.00 per equity share including a share premium of Rs. 77.00 per equity share (the Issue Price) aggregating to Rs. 42.69 crores (The Issue). The issue includes a reservation of 3,44,000 equity shares aggregating to Rs. 2.99 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 45,63,200 equity shares aggregating to Rs. 39.70 crores (the Net Issue). The issue and the net issue will constitute 26.99 % and 25.10 % respectively of the post issue paid-up equity share capital of the company. The face value of equity shares is Rs. 10.00 each and the issue price is 8.7 times of the face value. Bid was made for minimum of 1,600 equity shares and the multiples of 1,600 equity shares thereafter.*Subject to finalization of the basis of allotment.

    Objective of issue

    Purchase of Equipments of Facilitate Manufacturing. Working Capital Requirements. General corporate purposes.

    Owais Metal and Mineral Processing Ltd Contact Details

    Owais Metal and Mineral Processing Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@ommpl.com

    Website - www.ommpl.com