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Owais Metal and IPO
Price Band
₹83.0–87.0
Issue Size
₹42.69 Cr
Lot Size
1,600 shares
Min Investment
₹139,200
GMP
+₹100.0 (114.94%)
Issue Price
₹87.0
Subject to Sauda
₹121600
Paid only if allotted
Owais Metal and IPO AI Summary
- Owais Metal and IPO is listed on NSE SME in the Ferro & Silica Manganese sector.
- Price band: ₹83.0–₹87.0 per share, lot size 1,600 shares (min. investment ₹139,200).
- Subscription window: 26 Feb–28 Feb 2024, listing on 04 Mar 2024.
- Current GMP is +₹100.0 (114.94%), an estimated listing price of ₹187 — unofficial and can change daily.
Owais Metal and Mineral Processing Limited is an emerging player in the ferro and silica manganese sector, with a focus on manufacturing essential products for various industries. The company has shown a positive trend in profit for the latest period, and it aims to utilize the proceeds from its IPO for equipment purchases and working capital. Investors should consider the associated risks and their investment strategy before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Owais Metal and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Owais Metal and IPO Grey Market Premium (GMP) Today
GMP
+₹100.0
GMP %
+114.94%
Est. Listing
₹187.0
Updated: 25 Jul 2026 14:07
About the Company
Owais Metal and Mineral Processing Limited was established in 2022 and is engaged in the production and processing of metals and minerals. Prior to the incorporation of the company, the business of the company was carried on under the name of M/s Owais Ali Overseas, a sole proprietorship firm of the promoter Mr. Saiyyed Owais Ali. The company is engaged in the manufacturing and processing of the following products Manganese oxide (MNO): It is used in the fertilizer industry and manganese sulphate plants MC Ferro Manganese: used in the steel and casting industry Charcoal production: used in furnaces in industries that require high heat for their manufacturing process, e.g. the steel industry Processing of minerals such as ferroalloys, quartz, and manganese ore: used in the hotel industry, the tile and ceramics industry, the glass industry, and the interior design and furniture industry.The company supplies its products to the states of Madhya Pradesh, Maharashtra, Punjab, Delhi and Gujrat. The company's manufacturing facility is located in Meghnagar, Madhya Pradesh. As of December 31, 2023, the company had 25 permanent employees.
Company Financials (₹ Cr)
As of 2023-03-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 51.64 | 3.80 |
| Total Income | 39.78 | |
| Profit After Tax | 7.65 | -0.13 |
| NET Worth | 21.23 | 0.57 |
| Reserves and Surplus | 7.95 | 0.44 |
| Total Borrowing | 13.51 | 3.21 |
Key Ratios
EPS
₹4.08
NAV
₹192.46
ROE
-5.35%
RoNW
-22.22%
P/B Value
5.37
P/E Ratio
21.35
Market Cap
₹158.19 Cr
PAT Margin
0.00%
Debt/Equity
5.61
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Indian Metals & Ferro Alloys Ltd. | 344.33 | 12.14% | 15.18 | 41.84 |
| Impex Ferro Tech Ltd. | -31.65 | — | — | -3.82 |
| Owais Metal and Mineral Processing Limited This IPO | 16.21 | 36.06% | — | — |
Promoters
Saiyyed Owais Ali, Sayyad Akhtar Ali and Saiyyed Murtuza Ali
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Equipments to Facilitate Manufacturing 19.77 2 Working Capital Requirements 18.00 3 General Corporate Purposes 1.59
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹39.78 Cr for the period ending 31 Dec 2023. However, there is no comparable figure for the previous period ending 31 Mar 2023, as it is not provided.
Profit Trend
Profit After Tax was ₹7.65 Cr for the period ending 31 Dec 2023, compared to a loss of ₹0.13 Cr for the period ending 31 Mar 2023.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indication of the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the IPO may list at a premium to its issue price, while a negative GMP indicates a potential discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a niche market and has only recently been established.
IPO Timeline, Explained
The IPO opens for subscription on February 26, 2024, and closes on February 28, 2024. Allotment of shares will be done on February 29, 2024, and the shares are expected to list on March 4, 2024.
Listing Gains — The Risk
While many investors look for listing-day gains, it's essential to remember that these can be unpredictable. Factors such as market conditions, investor sentiment, and company performance can all influence the stock's price on the listing day.
This evaluation is generated from Owais Metal and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Owais Metal and IPO GMP today?
Owais Metal and IPO GMP today is +₹100.0 (114.94%), indicating an estimated listing price of ₹187. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Owais Metal and IPO?
The price band of Owais Metal and IPO is ₹83.0–₹87.0 per share.
When does Owais Metal and IPO open and close?
Owais Metal and IPO opens on 26 February 2024 and closes on 28 February 2024.
When does Owais Metal and IPO list on the stock exchange?
Owais Metal and IPO listed on 04 March 2024 at ₹187.0.
What is the lot size for Owais Metal and IPO?
The lot size for Owais Metal and IPO is 1600 shares, requiring a minimum investment of ₹139,200.
What is the lot size for this IPO?
The lot size for Owais Metal and Mineral Processing Limited's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹139,200.
What is the price band for the IPO?
The price band for the IPO is ₹83.0 to ₹87.0.
When is the listing date for the IPO?
The listing date for the IPO is March 4, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Feb 2024
Close
28 Feb 2024
Allotment
29 Feb 2024
Listing
04 Mar 2024
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