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Business News/ Markets / Stock Markets/  Owais Metal and Mineral IPO: GMP, subscription status, issue details, all you need to know
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Owais Metal and Mineral IPO: GMP, subscription status, issue details, all you need to know

Owais Metal and Mineral IPO: The issue opened for subscription on February 26, 2024 and closes on February 28, 2024. The issue was was subscribed 6.15 time by 5.15 PM on February 26 (day 1)

Owais Metal and Mineral Processing IPO opened for subscription today ( February 26, 2024) and closes on February 28, 2024. Premium
Owais Metal and Mineral Processing IPO opened for subscription today ( February 26, 2024) and closes on February 28, 2024.

Owais Metal and Mineral Processing IPO opened for subscription today ( February 26, 2024) and closes on February 28, 2024. The IPO price band is set at 83 to 87 per share.

Owais Metal and Mineral Processing ltd main interest is in metal and minerals mining and processing. It engages in the manufacturing and processing of minerals including Manganese Oxide, MC Ferro Manganese, Wood Charcoal, Ferro Alloy, Quartz, and Manganese Ore

IPO subscription Status:

Owais Metal and Mineral Processing IPO was subscribed 6.15 times by February 26, 2024 5:15:00 PM as per chittorgarh.com data. The public issue subscribed 9.70 times in the retail category, 0.01 times in QIB, and 6.02 times in the NII category.

Key things to Know-

1] Owais Metal and Mineral Processing IPO date: The public issue opened for subscription on February 26, 2024 and closes on February 28, 2024.

Also Read- Juniper Hotels IPO allotment date likely today. GMP, how to check allotment status online

2] Owais Metal and Mineral Processing IPO price: The Owais Metal and Mineral Processing IPO price band is set at 83 to 87 per share.

3] Owais Metal and Mineral Processing IPO size: The SME IPO of Owais Metal and Mineral Processing aims to raise 43 crore through the issuance of 49.07 lakh shares (Up to 49,07,200 Equity shares. The face value of Equity Shares is 10/- each. Of the total share being issues, 1,598,400 or 32.57% are being offered to the retail shareholders.

4] Owais Metal and Mineral Processing IPO Lot size: The minimum lot size for an application is 1600 Shares  and multiples thereafter. The minimum amount of investment required by retail investors is 139,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to 278,400.

5. Owais Metal and Mineral Processing IPO allotment date: Owais Metal and Mineral Processing IPO allotment is expected to be finalized on Thursday, February 29, 2024

6. Owais Metal and Mineral Processing IPO Listing date: Owais Metal and Mineral Processing IPO is likely to list on NSE SME with tentative listing date fixed as Monday, March 4, 2024.

7 Owais Metal and Mineral Processing IPO objects of the issue:

Owais Metal and Mineral Processing intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue")

a) Purchase of Equipments to Facilitate Manufacturing

b) Working Capital Requirements

c) General Corporate Purposes

8.  Owais Metal and Mineral Processing IPO registrar: Gretex Corporate Services Limited is the book running lead manager of the Owais Metal and Mineral Processing IPO, while Bigshare Services Pvt Ltd is the registrarfor the issue. The market maker for Owais Metal and Mineral Processing IPO is Gretex Share Broking.

Also Read- Mukka Proteins IPO: Price band set at 26-28 apiece, check issue size, key dates, more

9. Owais Metal and Mineral Processing IPO GMP: Shares of the company are available at a premium of 70 in grey market today. . The GMP indicates that investors are expecting listing of the shares at 157, 80.46% over the issue price of 87.

10. Owais Metal and Mineral Processing IPO Promoters. Saiyyed Owais Ali, Sayyad Akhtar Ali, and Saiyyed Murtuza Ali are the promoters of the company..

 

 

 

 

 

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Published: 26 Feb 2024, 05:28 PM IST
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