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(25/09/2025 18:40)

Om Metallogic announces launch of initial public offering

Om Metallogic Ltd. has announced public offering of 2598400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 76.00 per share. The gross proceeds of the issue are expected to be Rs 2,234.62 lakhs.

The company's initial public offer (IPO) will open on 29 September 2025 and is expected to close on 01 October 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 2598400 Equity Shares of the Company at an price of Rs 86.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Om Metallogic Ltd. anticipates using the proceeds of the issue for To finance the Capital expenditure requirements for the purchase of Equipment/Machineries for existing manufacturing facility To part finance the requirement of Working Capital Repayment/prepayment, in full or in part, of certain borrowings availed by the Company To meet General corporate purposes.

Corporate Makers Capital Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.
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