Incorporated in 2023, Owais Metal and Mineral Processing Limited is a manufacturer and processor of various metals and minerals. Uniquely diversified across the broad spectrum of natural resources with main interests in manufacturing and processing metal and minerals.
The company is engaged in the manufacturing and processing of the following products: (1) Manganese Oxide (MNO), (2) MC Ferro Manganese, (3) Manufacturing of Wood Charcoal and (4) Processing of Minerals such as Ferro Alloy, Quartz and Manganese Ore.
When it comes to steel and alumina production and conversion costs, India has a little advantage. Due to its advantageous position, it can take advantage of rapidly increasing Asian markets and export potential. By 2026, imports of manganese into India are expected to total approximately 75 million kilogrammes, expanding at an average annual rate of 3.6%. By 2026, manganese exports from India are projected to increase at an average annual rate of 3.3% to 570,600 kilogrammes.
Owais Metal and Mineral Processing Limited IPO Details
Owais Metal and Mineral Processing Limited IPO Date
Owais Metal IPO is a 100% fresh issue of 49,07,200 shares. Owais Metal and Mineral Processing Limited’s IPO will be listed on the NSE Emerge. It is a book-built issue IPO.
Owais Metal and Mineral Processing Limited IPO Price Band
The price range of the IPO has been decided at ₹83 to ₹87 per share.
Owais Metal and Mineral Processing Limited IPO Lot Size
The lot size of the IPO is 1,600 shares.
Owais Metal and Mineral Processing Limited IPO Objectives
The objectives of Owais Metal IPO are listed below:
- Purchase of equipment to facilitate manufacturing.
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, the company has 2 listed peers mentioned below:
- Impex Ferro Tech Limited
- Indian Metals & Ferro Alloys Ltd
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Contact Details of Owais Metal and Mineral Processing Limited
Registered office: C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA Ratlam Madhya Pradesh-457001 India
Phone: +91-9300096498
E-mail:info@ommpl.com
Company Financial Performance
| Particulars ( in ₹ lakh) | Period Ended on December 31, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Income | 3,977.54 | 3,973.47 | 2,832.71 |
| Profit After Tax (PAT) | 765.47 | 541.07 | 48.63 |
| Assets | 5,164.23 | 2,763.67 | 1,825.39 |
Know before investing
Strengths
2The company has developed and implemented a wide range of networking channels throughout the industry and society to strengthen the scope of identifying the core customer base and designing the right marketing strategies for procurement and liaising projects to deliver customised solutions for clients.
As a part of its growth strategy, the company is focused on increasing sales volume through expansion, diversification and spread in geographical outreach.
Risks
2The company and its promoters and directors are facing outstanding legal proceedings. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
The company earns a substantial portion of its revenues from a few of its customers. Any loss of its key customers or a significant reduction in demand from its significant customers may materially and adversely affect its business and financial performance.
