Owais Metal and Mineral Processing debuts with 187% premium over IPO price

Owais Metal debuted on NSE SME with a 187.4% premium. The IPO received over 200 times subscription. The company manufactures minerals like Manganese Oxide, Ferro Manganese, and Silico Manganese. It will use the IPO proceeds for manufacturing, working capital, and furnace automation. Its products are used in steel and casting industries, and Manganese Sulphate Plants.

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