Owais Metal and Mineral Processing Ltd Share Price

(OWAIS)

Owais Metal and Mineral Processing Ltd was originally incorporated on December 16 2022 as Owais Ali Overseas Private Limited with the Registrar of Companies Central Registration Centre. Subsequently the name of Company was changed to Owais Metal and Mineral Processing Private Limited through a fresh Certificate of Incorporation pursuant to change of name on June 16 2023. Later Company converted to a Public Limited and the name of Company was changed to Owais Metal and Mineral Processing Limited. A fresh Certificate of Incorporation on change of name was granted to Company on September 14 2023 by the Registrar of Companies Gwalior.Owais are an efficient and effective manufacturer and processor of various metals and minerals. The Company is engaged in the manufacturing of the product like Manganese Oxide MNO MC Ferro Manganese Manufacturing of Wood Charcoal and Processing of Minerals such as Ferro Alloy Quartz and Manganese Ore. The product like Manganese Oxide is used in fertilizer industry and is used by the Manganese Sulphate Plants. Manganese Ore is used in 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 improve properties like durability machinability and malleability. It can deoxidize molten metal. Wood Charcoal is used in furnaces of industries which requires high heat for their manufacturing process such as Steel industry. Processed Quartz is used into the hotel industry Ferro Alloys industry tiles ceramic industry glass industry and industry of interiors furniture. Besides these major products are supplied to the State of Madhya Pradesh Maharashtra Gujarat Punjab and Delhi.The Company recently added new products to its portfolio including Wood Charcoal and Processed Quartz. It has a manufacturing unit for wood charcoal at Rajasthan and Meghnagar. Processing of Quartz has been done through Meghnagar plant. Thereafter the Company subsequently acquired the entire running business on a going concern basis with the Assets and Liabilities of M/s Owais Ali Overseas Sole Proprietorship Concern of Mr. Owais Ali vide Business Transfer Agreement dated June 15 2023. The Company propose a Public Issue of 5179200 Equity Shares through Fresh Issue..

Revenue: ₹40.53Cr as on March 2024 (Q1 24)
Net Profit: ₹7.81Cr as on March 2024 (Q1 24)
Listing date: 04 Mar, 2024