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IPO Note | Closed

Owais Metal and Mineral Processing Ltd

Minimum Investment

1,39,200

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

26-Feb-24
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Close Date

28-Feb-24
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Application Timing

IPO Details

  • Min Order Quantity
    1600
  • Price Range
    87-0
  • Issue Size
    42.69
  • Face Value
    10
  • Listing at
    NSE - SME
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Gretex Corporate Services Ltd

About Company

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    Parent Organization
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    Founded
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    Managing Director
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    Website
    www.ommpl.com
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    Registered Office
    C/o Sayyad Akhtar Ali Vahid-,Nagar Old Baipass Road NA,
    Ratlam,457001,Madhya Pradesh

IPO Schedule

Offer Start

26-Feb-24

Offer End

28-Feb-24

Allotment Finalization

Refund initiation

Demat transfer

Listing

Key Objective

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.

Financial Snapshot (Standalone)

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
Mar 2024 80.05 15.47 8.51
Mar 2023 0 -0.13 -97.85
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

First time bidding for an IPO? This is all you need to know.

Bidding online is one of the most efficient ways to subscribe to an IPO.

  • If you are an Arihant Customer, simply login using your client code and OTP.
  • Not an Arihant customer? No worries, apply using your PAN number.
  • Enter the bid quantity and approve the UPI payment mandate.
  • Your bid is complete!

When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

To apply for an IPO,

  • It is necessary to have a demat account and a UPI ID.
  • Don’t have a demat account yet? Click here.
  • Your mobile number should be linked to your bank account.

Applying for an IPO using UPI is super quick.

Haven’t started using UPI yet? Open one using your bank or UPI applications like Google Pay, BHIM, PhonePe etc.

Click here to learn how to create your UPI

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