Owais Metal and Mineral Processing Ltd
Registered Office:
C/o Sayyad Akhtar Ali Vahid-,Nagar Old Baipass Road NA,
Ratlam
-
457001,
Phone : +91-93000 96498
Fax : NA
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.
Opens On
Closes On
Application
Allotment
26-Feb-24
28-Feb-24
87.00-0.00
0.00-0.00
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
Purchase of Equipments of Facilitate Manufacturing
Working Capital Requirements
General corporate purposes
Saiyyed Owais Ali
Sayeed Akhtar Ali
Saiyeed Murtaza Ali