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IPO

IPO Synopsis
Owais Metal and Mineral Processing Ltd
Registered Office: C/o Sayyad Akhtar Ali Vahid-,Nagar Old Baipass Road NA , Ratlam - 457001 , Madhya Pradesh , India.
Phone : +91-93000 96498   Fax:
Email :  info@ommpl.com  
Website :  www.ommpl.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Feb-24 28-Feb-24 Rs87.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 39.35
Gretex Corporate Services Ltd
Project Financed through Current Offer 42.69  
Post Issue Equity Share Capital 18.18  
Issue Price Rs87.00  
 
Projects
Purchase of Equipments of Facilitate ManufacturingGeneral corporate purposes
Working Capital Requirements
Promoted By
Saiyyed Owais Ali
Sayeed Akhtar Ali
Saiyeed Murtaza Ali
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd