Om Metallogic's ₹22.35cr IPO opens today: Key details
Om Metallogic is opening its IPO on September 29, aiming to raise ₹22.35 crore by offering 25.98 lakh shares at ₹86 each.
If you're a retail investor, the minimum bid is 1,600 shares (₹2.75 lakh per lot).
The IPO closes October 1; allotment happens October 3 and listing is set for October 7 on the BSE SME platform.
What does Om Metallogic do?
Based in Ballabhgarh since 2011, Om Metallogic recycles aluminum scrap into alloys like ingots and cubes—used everywhere from cars to construction sites thanks to their strength and corrosion resistance.
Their plant can process up to 5,280 tons a year and serves key markets in Delhi, Haryana, and Uttar Pradesh.
Financials and IPO details
The company's revenue jumped 55% this year to ₹60.41 crore, with profits nearly doubling to ₹4.12 crore.
Money from the IPO will go toward upgrading their plant, boosting working capital, paying off loans, and general expenses—basically fueling their next phase of growth.