Owais Metal and Mineral Processing Limited

About Owais Metal and Mineral Processing Limited Established in 2022, Owais Metal and Mineral Processing Limited stands out as an efficient and effective manufacturer and processor of various metals and minerals. Diversifying across a broad spectrum of natural resources, the company holds a key interest in the manufacturing and processing of essential products. Product Portfolio: Manganese Oxide (MNO): Crucial for the fertilizer industry, Manganese Oxide finds applications in Manganese Sulphate Plants, contributing significantly to agricultural processes. MC Ferro Manganese: With applications in steel and casting industries, MC Ferro Manganese plays a vital role in enhancing steel properties, including durability, machinability, and malleability. Wood Charcoal Manufacturing: Essential for industries requiring high heat, such as the steel industry, Owais Metal and Mineral Processing Limited produces Wood Charcoal to meet the demands of various manufacturing processes. Mineral Processing: The company's expertise extends to the processing of minerals, including Processed Quartz, catering to diverse industries such as hotels, Ferro Alloys, tiles & ceramics, glass, and interiors & furniture. Market Presence: Owais Metal and Mineral Processing Limited has strategically positioned itself, supplying major products to states like Madhya Pradesh, Maharashtra, Punjab, Delhi, and Gujarat. Recent additions to their product line include Wood Charcoal and Processed Quartz, with dedicated manufacturing units in Rajasthan and Meghnagar. Operational Excellence: The company focuses on achieving maximized output through operational excellence, advanced processing capabilities, and state-of-the-art infrastructure. Utilizing semi-automatic plants and machines, Owais Metal and Mineral Processing Limited strategically operates in tribal areas, benefiting from the availability of cost-effective labor. IPO Preparation and Strategic Allocation: As Owais Metal and Mineral Processing Limited gears up for its highly anticipated Initial Public Offering (IPO), the company is meticulously planning the strategic allocation of proceeds from the Fresh Issue. This approach ensures optimal utilization and sustainable growth, reaffirming their commitment to emerging as a well-known natural resource processing company in India. Owais Metal and Mineral Processing Limited's commitment to excellence, diversified product portfolio, and strategic vision position it as a promising player in the natural resource processing industry. The forthcoming IPO is expected to pave the way for the company's continued growth and success. a) Purchase of Equipments to Facilitate Manufacturing b) Working Capital Requirements c) General Corporate Purposes. proceeds will be used to fund growth initiatives and for strengthening its technology infrastructure. The company shares will be listed on the NSE and BSE. Here are key details about the Owais Metal and Mineral Processing Limited IPO: Company Name Owais Metal and Mineral Processing Limited Owais Metal and Mineral Processing Limited IPO Opening Date February 26, 2024 Company Established On 2022 Owais Metal and Mineral Processing Limited IPO Allotment Status February 29, 2024 Owais Metal and Mineral Processing Limited IPO Closing Date February 28, 2024 Owais Metal and Mineral Processing Limited IPO Listing Date March 4, 2024 Credit of Shares to the Demat Account March 1, 2024 Owais Metal and Mineral Processing Limited IPO Lot Size 1600 Shares Owais Metal and Mineral Processing Limited IPO Face Value ₹10 per share Owais Metal and Mineral Processing Limited IPO to be Listed on NSE Owais Metal and Mineral Processing Limited IPO Issue Size ₹42.69 Cr Owais Metal and Mineral Processing Limited IPO Price band ₹83 to ₹87 per share