Owais Metal and Mineral Processing IPO vs Zenith Drugs IPO

Comparision between Owais Metal and Mineral Processing IPO and Zenith Drugs IPO.

IPO Details

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

	Owais Metal and Mineral Processing IPO	Zenith Drugs 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	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Gretex Share Broking 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 Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Owais Metal and Mineral Processing IPO is ₹87.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

	Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹83.00 per share	₹75.00 per share
Issue Price (Upper)	₹87.00 per share	₹79.00 per share
Issue Price (Final)	₹87.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	49,07,200 shares	51,48,800 shares
Fresh Issue Size (Amount)	up to ₹42.69 Cr	up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,07,200 shares	51,48,800 shares
Issue Size Total (Amount)	up to ₹42.69 Cr	up to ₹40.68 Cr

IPO Timetable

Owais Metal and Mineral Processing IPO opens on Feb 26, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Owais Metal and Mineral Processing IPO and Zenith Drugs IPO is Feb 28, 2024, and Feb 22, 2024, respectively.

	Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
Anchor Bid Date	Feb 23, 2024	Feb 16, 2024
Issue Open	Feb 26, 2024	Feb 19, 2024
Issue Close	Feb 28, 2024	Feb 22, 2024
Basis Of Allotment (Tentative)	Feb 29, 2024	Feb 23, 2024
Initiation of Refunds (Tentative)	Mar 01, 2024	Feb 26, 2024
Credit of Share (Tentative)	Mar 01, 2024	Feb 26, 2024
Listing date (Tentative)	Mar 04, 2024	Feb 27, 2024
Anchor Lockin End date 1	Mar 30, 2024	Mar 24, 2024
Anchor Lockin End date 2	May 29, 2024	May 23, 2024

Financials

Owais Metal and Mineral Processing IPO P/E ratio is 21.35, as compared to Zenith Drugs IPO P/E ratio of 18.4.

Owais Metal and Mineral Processing IPO

Zenith Drugs 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

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	11,249.04	9,793.83	6,858.47
Revenue	6,948.43	11,569.65	9,266.63
Profit After Tax	539.38	515.29	312.86
Net Worth	2,264.96	1,724.42	1,209.09
Reserves and Surplus	1,064.96	1,684.42	1,169.09
Total Borrowing	2,902.81	2,605.03	1,880.86
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.01%

69.98%

P/E Ratio

21.35

18.4

Market Cap

₹158.19 Cr.

₹135.48 Cr.

ROE

-5.35%%

35.13%%

ROCE

37.29%%

Debt/Equity

5.61

1.51

EPS

₹4.08

₹4.29

RoNW

-22.22%%

29.88%%

Shares Offered

In the Owais Metal and Mineral Processing IPO retail investors (RII) are offered 15,98,400 shares while in Zenith Drugs 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 8,59,200 shares in Zenith Drugs IPO.

	Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
Anchor Investor Reserveration	13,68,000 shares	12,88,000 shares
Market Maker Reserveration	3,44,000 shares	8,52,800 shares
QIB	9,12,000 shares	8,59,200 shares
NII	6,84,800 shares	6,44,800 shares
RII	15,98,400 shares	15,04,000 shares
Employee	0 shares	0 shares
Others
Total	31,95,200 shares	30,08,000 shares

Bids Received (Subscription)

Owais Metal and Mineral Processing IPO subscribed 221.18x in total, whereas Zenith Drugs IPO subscribed 179.18x.

	Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
QIB (times)	92.06x	106.72x
NII (times)	329.36x	368.77x
Big NII (times)
Small NII (times)
RII (times)	248.50x	139.28x
Employee (times)
Other (times)
Total (times)	221.18x	179.18x

Compare with others

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

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