Owais Metal and Mineral Processing IPO - Fundamental Analysis

Owais Metal and Mineral Processing IPO

Owais Metal and Mineral Processing IPO consists of a fresh issue of 49,07,200 shares aggregating to INR 42.69 crores. The company seeks funds for equipment purchases, working capital, and general corporate needs. 

Owais Metal and Mineral Processing IPO – Important Details 

Owais Metal and Mineral Processing IPO DateFebruary 26, 2024 to February 28, 2024
Owais Metal and Mineral Processing IPO Listing DateMarch 4, 2024
Owais Metal and Mineral Processing IPO PriceINR 83-87 per share
Owais Metal and Mineral Processing IPO Lot Size1600 Shares
Owais Metal and Mineral Processing IPO Total Issue SizeINR 42.69 crores
Owais Metal and Mineral Processing IPO Basis of AllotmentFebruary 29, 2024
Owais Metal and Mineral Processing IPO Initiation of RefundsMarch 1, 2024
Owais Metal and Mineral Processing IPO Credit of Shares to DematMarch 1, 2024
Owais Metal and Mineral Processing IPO Issue TypeBook Built Issue
Owais Metal and Mineral Processing IPO Listing AtNSE SME

Owais Metal and Mineral Processing Ltd IPO  – Company Profile

Owais excels in manufacturing and processing metals and minerals, offering Manganese Oxide, MC Ferro Manganese, Wood Charcoal, Ferro Alloy Quartz, and Manganese Ore to meet various industrial needs. 

They expanded their product range to Wood Charcoal and Processed Quartz, establishing manufacturing units in Rajasthan and Meghnagar. Quartz processing is centralized at the Meghnagar plant, enhancing the company’s diverse offerings.

Owais optimizes transportation and labor costs. It is located strategically in Meghnagar, bordering Gujarat, Madhya Pradesh, and Rajasthan. Focusing on operational excellence and a semi-automatic plant, it aims for large-scale expansion, leveraging abundant local labor and ample infrastructure. 

Owais Metal and Mineral Processing Ltd IPO – Fundamental Analysis

Owais Metal and Mineral Processing Ltd’s IPO financials reveal significant revenue growth and increased profitability, countered by negative shareholder return metrics in 2023. These mixed indicators suggest a high-risk investment opportunity requiring careful consideration of