February 26, 2024 - February 28, 2024

Owais Metal and Mineral Processing IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Owais Metal and Mineral Processing IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Owais Metal and Mineral Processing IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Owais Metal and Mineral Processing IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is in the manufacturing and processing of minerals and metals. It marked jump in its bottom lines from FY23 onwards that not only raise eyebrows but also concern over its sustainability going forward. Based on its FY24 annualized super earnings, the issue appears fully priced. There is no harm is skipping this “High Risk/Low Return” bet. Read detail review...

Owais Metal and Mineral Processing IPO Peer Comparison

Owais Metal and Mineral Processing Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Owais Metal and Mineral Processing Limited		16.21		36.06	5.37
Impex Ferro Tech Ltd.	-3.82	-31.65			-0.18	Standalone
Indian Metals & Ferro Alloys Ltd.	41.84	344.33	15.18	12.14	1.84	Standalone

Notes:

The figures of Owais Metal and Minerals Processing Limited are based on financial statements as restated as on December 31, 2023.
Considering the nature and size of business of the Company, the peers are not strictly comparable. However same have been included for broad comparison.
Current Market Price (CMP) is the closing price of peer group scrips as on February 19, 2024.
The figures for the peer group are based on the standalone audited financials for the year ended March 31, 2023.
Return on Net Worth is calculated as at December 31, 2023.

Owais Metal and Mineral Processing IPO Review by Members

Owais Metal and Mineral Processing IPO Reviews, analysis and views by popular members. Read Owais Metal and Mineral Processing Limited IPO reviews by retail investors to find recommended ipo to buy.

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Owais Metal and Mineral Processing IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	3	0	1	1
%	60.00	0.00	20.00	20.00

Member	Review
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes)	Apply for Listing Gain at Upper Price Band GM में भाव तगड़ा है! 2 February 27, 2024 12:43:28 PM
Mani Kasi	Neutral Avg P/E ratio February 26, 2024 9:58:03 AM
Sapna Panchal	Apply for Long Term at Upper Price Band I am consumer of medium carbon ferro manganese, and the grade is very good . February 22, 2024 7:38:19 PM
Varshali	Apply for Long Term at Upper Price Band In my opinion, joining OMMPL's IPO is a good idea. OMMPL makes important things like manganese oxide, ferroalloys, wood charcoal, and quartz. India has become the 2nd largest crude steel maker in the last five years, and OMMPL plays a big part in it. This helps with costs, creates local jobs, and fits with what the government wants. OMMPL is also getting new machines for making things like MC Manganese. Joining the IPO can help OMMPL grow more, make more money, and be part of India's progress. February 22, 2024 10:30:51 PM
VISHAKHA RAWAL	Avoid OMMPL is a well established company with a diverse range of interests , specializing in the production of crucial resources such as manganese oxide , ferro alloys , wood charcoal , and quartz. . February 23, 2024 12:26:26 PM

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