Owais Metal and Mineral Processing Limited IPO Closed
| IPO date | 26 Feb 2024 – 28 Feb 2024 |
| Listing date | 04 Mar 2024 |
| Price range | 83 – 87 |
| Minimum order quantity | 1600 | (D)RHP | View |
Owais Metal and Mineral Processing Limited is launching its IPO. The IPO opens for subscription on 26th February 2024 and will close on 28th February 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Owais Metal and Mineral Processing Limited do?
Incorporated in 2003, Owais Metal and Mineral Processing Limited is a manufacturer and processor of various metals and minerals across the broad spectrum of natural resources with main interests in manufacturing and processing metals and minerals.
The company is engaged in the manufacturing and processing of the following products:
- Manganese Oxide (MNO)
- MC Ferro Manganese
- Manufacturing of Wood Charcoal
- Processing Minerals such as Ferro Alloy, Quartz, and Manganese Ore.
Its products like Manganese Oxide are used in the fertilizer industry and are also used by Manganese Sulphate Plants. Manganese ore is used in the manufacturing of Ferro Manganese, Silico Manganese, Manganese Oxide, Batteries, and other Ferro products also it can be directly sellable in the market. MC Ferro Manganese is used in steel and casting industries, as it assists in removing sulphur from steel and improving properties, like durability, machinability, and malleability. It can deoxidize molten metal. Wood Charcoal is used in furnaces of industries that require high heat for their manufacturing process such as the Steel industry.
Schedule/Timeline of Owais Metal and Mineral Processing Limited IPO
| Issue Period | 26th February to 28th February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 29, 2024 |
| Initiation of Refunds | March 01, 2024 |
| Credit of Shares | March 01, 2024 |
| Date of Listing | March 04, 2024 |
| Mandate end date | March 14, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 30, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 30, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Owais Metal and Mineral Processing Limited IPO?
You can apply for the Owais Metal and Mineral Processing Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Owais Metal and Mineral Processing Limited IPO?
You can check the allotment status for the Owais Metal and Mineral Processing Limited IPO on the website of the Registrar and Transfer agent.