Owais Metal and Mineral Processing IPO vs Purv Flexipack IPO

Comparision between Owais Metal and Mineral Processing IPO and Purv Flexipack IPO.

IPO Details

Owais Metal and Mineral Processing IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Purv Flexipack IPO is a SME Book Built Issue proposed to list at NSE SME.

	Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Holani Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Gretex Share Broking Private Limited	Holani Consultants Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Owais Metal and Mineral Processing IPO is up to ₹42.69 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹40.21 Cr. The final issue price of Owais Metal and Mineral Processing IPO is ₹87.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

	Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹83.00 per share	₹70.00 per share
Issue Price (Upper)	₹87.00 per share	₹71.00 per share
Issue Price (Final)	₹87.00 per share	₹71.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	49,07,200 shares	56,64,000 shares
Fresh Issue Size (Amount)	up to ₹42.69 Cr	up to ₹40.21 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,07,200 shares	56,64,000 shares
Issue Size Total (Amount)	up to ₹42.69 Cr	up to ₹40.21 Cr

IPO Timetable

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, while Purv Flexipack IPO opens on Feb 27, 2024. The closing date of Owais Metal and Mineral Processing IPO and Purv Flexipack IPO is Feb 28, 2024, and Feb 29, 2024, respectively.

	Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Anchor Bid Date	Feb 23, 2024	Feb 26, 2024
Issue Open	Feb 26, 2024	Feb 27, 2024
Issue Close	Feb 28, 2024	Feb 29, 2024
Basis Of Allotment (Tentative)	Feb 29, 2024	Mar 01, 2024
Initiation of Refunds (Tentative)	Mar 01, 2024	Mar 04, 2024
Credit of Share (Tentative)	Mar 01, 2024	Mar 04, 2024
Listing date (Tentative)	Mar 04, 2024	Mar 05, 2024
Anchor Lockin End date 1	Mar 30, 2024	Mar 31, 2024
Anchor Lockin End date 2	May 29, 2024	May 30, 2024

Financials

Owais Metal and Mineral Processing IPO P/E ratio is 21.35, as compared to Purv Flexipack IPO P/E ratio of 13.17.

Owais Metal and Mineral Processing IPO

Purv Flexipack IPO

Financial

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended	31 Dec 2023	31 Mar 2023
Assets	5,164.23	379.62
Revenue	3,977.54
Profit After Tax	765.47	-12.72
Net Worth	2,122.77	57.28
Reserves and Surplus	795.25	44.28
Total Borrowing	1,350.59	321.29
Amount in ₹ Lakhs

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

92.17%

Promoter Shareholding (Post-Issue)

73.01%

P/E Ratio

21.35

13.17

Market Cap

₹158.19 Cr.

₹148.98 Cr.

ROE

-5.35%%

11.46%%

ROCE

18.50%%

Debt/Equity

5.61

1.62

EPS

₹4.08

₹5.39

RoNW

-22.22%%

10.84%%

Shares Offered

In the Owais Metal and Mineral Processing IPO retail investors (RII) are offered 15,98,400 shares while in Purv Flexipack IPO retail investors are offered 15,98,400 shares. Qualified institutional buyers (QIB) are offered 9,12,000 shares in Owais Metal and Mineral Processing IPO and 10,52,800 shares in Purv Flexipack IPO.

	Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Anchor Investor Reserveration	13,68,000 shares	15,16,800 shares
Market Maker Reserveration	3,44,000 shares	3,48,800 shares
QIB	9,12,000 shares	10,52,800 shares
NII	6,84,800 shares	8,44,800 shares
RII	15,98,400 shares	19,00,800 shares
Employee	0 shares	0 shares
Others
Total	31,95,200 shares	37,98,400 shares

Bids Received (Subscription)

Owais Metal and Mineral Processing IPO subscribed 221.18x in total, whereas Purv Flexipack IPO subscribed 421.78x.

	Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
QIB (times)	92.06x	157.32x
NII (times)	329.36x	690.72x
Big NII (times)
Small NII (times)
RII (times)	248.50x	448.73x
Employee (times)
Other (times)
Total (times)	221.18x	421.78x

Compare with others

Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Shree Karni Fabcom IPO	V R Infraspace IPO
V R Infraspace IPO	Sona Machinery IPO
Sona Machinery IPO	Pune E-Stock Broking IPO
Pune E-Stock Broking IPO	M.V.K. Agro Food IPO
M.V.K. Agro Food IPO	Owais Metal and Mineral Processing IPO
Purv Flexipack IPO	Sadhav Shipping IPO
Sadhav Shipping IPO	Deem Roll Tech IPO
Deem Roll Tech IPO	Zenith Drugs IPO
Zenith Drugs IPO	Esconet Technologies IPO
Esconet Technologies IPO	Trust Fintech IPO

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