IPO Details
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IPO Size
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Schedule of Om Metallogic IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About OM Metallogic IPO
The IPO of OM Metallogic Ltd comprises a fresh issue of up to 26,00,000 equity shares. There’s no offer for sale in this fixed-price IPO. The lot size and price range are TBA.
The listing date of the shares are yet to be announced. The credit of shares to the demat account will take place on TBA. The basis of allotment will take place on TBA. The initiation of refunds will take place on TBA.
Objectives of OM Metallogic IPO
- To finance the modernisation and expansion of existing manufacturing unit
- To part finance the requirement of working capital
- To meet general corporate purposes
OM Metallogic IPO Valuation
Industry Outlook
India’s aluminium market is expected to have greater scope in coming years. Increasing infrastructural development and automotive production are the key factors driving the market growth. India is the fourth largest producer of aluminium in the world with a share of around 5.3% of the global aluminium output. It has nearly 10% of the world’s bauxite reserves and a growing aluminium sector that leverages this.
Aluminium consumption in India at 2.7 kg per capita is much below the global average of 11 kg per capita. Demand for the metal is expected to pick up as the scenario improves for user industries, like power, infrastructure and transportation.
Company Information
Incorporated in 2011, OM Metallogic Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots. It’s a customer centric company, constantly striving to create value for its customers through products offered and committed deliveries.
Strengths of OM Metallogic IPO
In-house Manufacturing Facility Supported by Technology Driven Process
OM Metallogic Ltd presently carries all its manufacturing operations through its production facility located at Kila No. 17, Haryana. It has 5280 tons per annum installed capacity for processing aluminium scrap. It believes that it has been able to set up an efficient, technology driven manufacturing process that has helped it to manufacture its products in accordance with the requirements and specifications of its customers in a cost-effective manner.
Diversified Client Base and Long-standing Relationship with Customers
The company serves a diversified client base ranging from steel manufacturers to automotive ancillaries’ units and other units engaged in manufacturing or distribution of aluminium products. It generally doesn’t enter into long term agreements with its customers. However, it has developed long-standing relationships with these customers.
Focus on Quality and Innovation
OM Metallogic believes that quality and innovation are bedrock of successful strategy. It stresses on and constantly strives to maintain and improve its quality. Its focus on quality and innovation helps it to compete in the segment it deals in. Intensive care is taken to determine the standard of every material/ product dispatched.
Risks of OM Metallogic IPO
- Not Own Registered and Corporate Office :
The company's registered office has been taken on lease from Mr. Bhupender Singh for lease period of 6 years w.e.f. 15th November, 2022 to 15th November, 2028 on monthly rent of ₹60,000 per month. Also, its corporate office has taken from Mrs. Sweta Kaushik for a current lease period of 11 months commencing from 1st August 2024 to 30th June, 2025 on monthly rent of ₹22,000 per month. The company cannot assure that it will be able to continue the above arrangement on commercially acceptable / favourable terms in future.
- Dependence on Few Customers for Revenues :
For the period ended March 31, 2022, March 31, 2023 and March 31, 2024, the company’s revenue from operations from its top 10 customers contributed to 92.36%, 95.79% and 99.33% respectively of its revenues from operations as per its restated financial statements. Its reliance on a limited number of customers for its business exposes it to risks that may include, but are not limited to, reductions, delays or cancellation of orders from its significant customers.
- Volatility in Supply and Pricing of Raw Materials :
Volatility in the supply and pricing of its raw materials, or failure by suppliers to meet its obligations, may have an adverse effect on its business, cash flows, financial condition and results of operations. Raw material supply and pricing can be volatile due to a number of factors beyond the company’s control.
This includes global demand and supply, general economic and political conditions, tariff disputes, transportation and labour costs, labour unrest, natural disasters, competition, import duties, the outbreak of infectious diseases such as COVID-19, tariffs and currency exchange rates.
OM Metallogic IPO Financials
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Peer Comparison
| Company Name | Revenue from Operations (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
OM Metallogic Ltd | 38.54 | 4.30 | 28.92 | 14.56 |
Bihati Recycling Industries Ltd | 429.34 | 6.94 | 17.30 | 40.15 |
IPO Registrar and Book Running Lead Manager
- IPO Registrar : Skyline Financial Services Pvt Ltd
- Book Running Lead Manager : Navigant Corporate Advisors Ltd
Business Model
OM Metallogic Ltd is primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots. The company’s infrastructure in the manufacturing facility gives it the flexibility to process various types of metal scrap, and manufacture alloys in line with the required composition and also enables it to process and utilise various types of scrap.
Company Growth Trajectory
The PAT margin of OM Metallogic Ltd grew from 0.38% in FY 22 to 5.69% in FY 24, while EBITDA margin increased from 2.40% in FY 22 to 9.84% in FY 24. In-house manufacturing facility and a diversified client base have played a vital role in the growth of the company over the years.
Market Position
Currently, OM Metallogic Ltd has a presence in the state of Delhi, Haryana, Uttar Pradesh and it plans to deepen its presence in the existing market and expand its reach and penetrate into the large available market by giving scale down low-price solutions and grab major market share.
OM Metallogic IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 38.91 | 37.83 | 41.28 |
Profit Before Tax (in ₹ crores) | 2.96 | 1.47 | 0.21 |
Profit After Tax (in ₹ crores) | 2.21 | 1.10 | 0.15 |
EPS in ₹ | 4.30 | 2.17 | 0.31 |
OM Metallogic IPO Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 2.96 | 1.47 | 0.21 |
Net Cash Flow from/ (used in) Operating Activities (in ₹ crores) | 1.46 | 0.63 | 0.03 |
Net Cash Flow from/ (used in) Investing Activities (in ₹ crores) | -0.24 | -0.01 | -0.37 |
Net Cash Flow from/ (used in) Financing Activities (in ₹ crores) | -0.94 | -0.62 | 0.34 |
Cash & Cash Equivalents as At End of the Year (in ₹ crores) | 0.30 | 0.02 | 0.02 |
How to Apply for the OM Metallogic IPO?
Visit the Registrar’s Website
- Visit the official website of Skyline Financial Services Pvt Ltd
- Click on ‘Public Issue’ from ‘Investors’ dropdown
- Choose ‘Company Name’
- Enter DPID/Client ID or Application Number or PAN Number
- Click on ‘Search’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for the OM Metallogic IPO?
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Om Metallogic IPO FAQs
Where can I read more about Om Metallogic business?
You can read more about Om Metallogic and its IPO from the company’s red herring prospectus (RHP) [here](https://www.bsesme.com/download/344643/DP- OML_compressed_20240930171018.pdf).
What is the OM Metallogic IPO?
The OM Metallogic Ltd IPO comprises a fresh issue of up to 26,00,000 equity shares. There’s no offer for sale in this IPO.
When will the IPO of OM Metallogic IPO go live?
The exact dates of the IPO are not known.
