Om Metallogic Ltd - IPO

Om Metallogic Ltd IPO Details

Initial public offer of up to 25,98,400 equity shares of face value of Rs. 10/- each (Equity Shares) of Om Metallogic Limited (the Company or the Issuer) for cash at a price of Rs. 86.00/- per equity share including a share premium of Rs. 76.00/- per equity share (the Issue Price) aggregating to Rs. 22.35 crores (the Issue) of which up to 1,31,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 86.00/- per equity share including a share premium of Rs. 76.00/- per equity share aggregating to Rs. 1.13 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e net issue of 24,67,200 equity shares of face value of Rs. 10/- each at a price of Rs. 86.00/- per equity share including a share premium of Rs. 76.00/- per equity share aggregating to Rs. 21.22 crores (the Net Issue). The issue and the net issue will constitute up to 33.05% and 31.38% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 86/- for equity share of face value of Rs. 10 each.The floor price is 8.60 times times the face value times of the face value of the equity shares.Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

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/pre-payment, in full or in part, of certain borrowings availed by the Company.. To meet General corporate purposes.

Om Metallogic Ltd Contact Details

Om Metallogic Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@ommetallogic.in

Website - www.ommetallogic.in