Faridabad-based Om Metallogic Limited, a key player in India’s aluminium scrap recycling industry, is launching a Rs. 22.35 crore IPO on the BSE SME platform. The company aims to use the funds for upgrading and expanding its manufacturing unit, covering part of its working capital needs, paying back some loans, and handling general business expenses.
If you’re following the latest IPO news in India, this one kicks off on September 29, 2025, and wraps up on October 1, 2025. Om Metallogic, founded in 2011, specializes in turning aluminium scrap into top-notch alloys like ingots. These ingots go to manufacturers who melt and shape them into parts for cars, trucks, and other products in the automotive sector and beyond. With cutting-edge equipment at its Faridabad facility, the company churns out up to 5,280 tons of premium aluminium ingots each year.
The numbers tell a strong growth story for this aluminium recycling company. In FY 2023, Om Metallogic reported revenue of Rs. 37.80 crore and a net profit of Rs. 1.10 crore. Things picked up in FY 2024 with revenue hitting Rs. 38.54 crore and profit rising to Rs. 2.21 crore. By FY 2025, revenue soared to Rs. 59.99 crore, while net profit jumped to Rs. 4.11 crore—showing steady year-over-year gains in the competitive metals recycling market.
For those eyeing BSE SME IPO opportunities, Om Metallogic is offering 25,98,400 shares at Rs. 86 each, with a face value of Rs. 10 per share. The minimum application is 1,600 shares (one lot), so retail investors need to bid for at least two lots, or 3,200 shares. Corporate Capital Makers Limited is leading the IPO process.
Note: This isn’t investment advice—always do your own research before jumping into any IPO. (This story is based on a press release from PNN; isn’t responsible for its content.)
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