Owais Metal and Mineral Processing IPO

Owais Metal and Mineral Processing's IPO offers 49,07,200 shares, raising INR 42.69 crores for equipment, working capital, and general corporate needs.

Important Details

Date: Feb 26 to Feb 28, 2024 Listing Date: Mar 04, 2024 Price: INR 83-87 per share Lot Size: 1600 Shares Total Issue Size: INR 42.69 crores

Fundamental Analysis

Owais Metal and Mineral Processing's IPO shows substantial revenue growth but mixed metrics in 2023, indicating a high-risk investment requiring careful consideration.

Peer Comparison

Owais Metals & Minerals boasts a 36.06% RoNW and ₹5.85 EPS, outshining competitors Impex Ferro Tech and Indian Metals & Ferro Alloys, demonstrating sector leadership.

Objective

Owais Metal and Mineral Processing aims to use IPO funds for equipment purchases, working capital, general corporate goals, and fueling growth and strategic initiatives.

Risks And Challenges

Owais Metal faces risks from legal proceedings impacting business, limited operating history complicating assessment, and revenue vulnerability due to customer concentration.

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