Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Owais Metal and Mineral Processing IPO
Owais Metal and Mineral Processing Limited
₹1,32,800 /1600 sharesMinimum Investment
Owais Metal and Mineral Processing IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Feb ‘24 - 28 Feb ‘24 | ₹1,32,800 | 1,600 | ₹83 - ₹87 |
| Issue Size | IPO Doc |
|---|---|
| 42.69Cr | RHP PDF |
About Owais Metal and Mineral Processing
Founded in
2022
Managing director
Mr. Saiyyed Owais Ali
Parent organisation
Owais Metal and Mineral Processing Limited
Strengths & Financials of Owais Metal and Mineral Processing
Strengths
Risks
As per the company, its promoters have maintained a long-standing relationship with its client base.
The company has established a networking infrastructure to identify its core customer base, design marketing strategies, and facilitate project procurement.
As per the company, it analyzes its existing operations policies to identify bottlenecks and make corrections.
The company was previously known as Owais Ali Overseas (Proprietorship). Under this entity, it reported revenue from operations was Rs. 20.88 cr, Rs. 27.98 cr and Rs. 39.18 cr in FY 2021, 2022, and 2023 respectively. For the same time periods, it reported Profit after Tax of Rs. 0.24 cr, Rs. 0.49 cr, and Rs. 5.41 cr. Under the entity name Owais Metal And Mineral Processing Limited, the company reported revenue from operations of Rs. 39.52 cr and Profit after Tax of Rs. 7.65 cr.
The company, along with its promoters and directors, is involved in certain outstanding legal proceedings, and any adverse decisions in these proceedings could significantly impact its business, results of operations, and financial condition.
The company is formed with the sole objective of acquiring the business of M/s Owais Ali Overseas (a proprietorship firm of our promoter), resulting in a limited operating history. This factor may pose challenges for investors in assessing both historical performance and future prospects.
A significant portion of the company's revenues is reliant on a small number of customers, without any firm commitments. Any loss of key customers or a substantial decline in demand from these significant customers could have a material and adverse impact on the business and financial performance. Notably, the top 10 customers contributed approximately 95.99% of the revenue from operations in the period ending on December 31, 2023.
The company generally conducts business with its customers on a purchase-order basis and generally does not engage in long-term contracts with the majority of them.
The company usually does not enter into agreements with its raw material suppliers or traded goods suppliers. Consequently, any disruption in supplies from these sources could have an adverse impact on the production process.
Owais Metal and Mineral Processing Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Owais Metal and Mineral Processing IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹83 - 87 | ₹2 - 5 Lakh |
| High Networth Individual | ₹83 - 87 | ₹2 - 5 Lakh |
For Owais Metal and Mineral Processing IPO, eligible investors can apply as Regular.