The issue will close on October 1, with allotment expected on October 3 and listing scheduled for October 7 on the BSE SME platform. Grey market activity has so far shown no premium, indicating a flat listing expectation at this stage.
Business profile
Om Metallogic is engaged in recycling aluminium-based scrap into high-quality aluminium alloys such as ingots, cubes, shots, and notch bars.These products are widely used across industries like automotive, construction, electrical transmission, and food packaging, valued for their corrosion resistance and strength-to-weight ratio.
The company operates a manufacturing facility in Ballabhgarh, Haryana, with an annual production capacity of 5,280 tonnes.
Financial strength
The company has delivered strong financial growth in recent years. Revenue rose 55% to Rs 60.41 crore in FY25 from Rs 38.91 crore in FY24, while profit after tax nearly doubled to Rs 4.12 crore from Rs 2.22 crore in the same period.
IPO proceeds
The IPO proceeds will be used for modernization and expansion of the existing manufacturing facility (Rs 2.31 crore), working capital requirements (Rs 8.50 crore), repayment of borrowings (Rs 6 crore), and general corporate purposes.
Outlook
With its focus on recycling and sustainability, Om Metallogic is well positioned in a sector aligned with India’s push toward circular economy practices. However, given the absence of a grey market premium, market participants appear cautious about near-term listing gains.
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