OM Metallogic Limited Acquires Aluminium Processing Equipment Using IPO Proceeds
OM Metallogic Limited has purchased specialized aluminium processing equipment using IPO proceeds, including 4 sets of 600 kg capacity melting furnaces, a 240 mould casting machine, and supporting systems. The acquisition aligns with the company's expansion plans disclosed in IPO documents and enhances its manufacturing capabilities across melting, casting, and processing operations. Managing Director Manish Sharma confirmed this strategic deployment of IPO funds to BSE Limited on January 20, 2026.
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OM Metallogic Limited has announced the acquisition of specialized aluminium processing equipment using proceeds from its Initial Public Offering (IPO). The company informed BSE Limited on January 20, 2026, about this strategic equipment purchase as part of its expansion plans.
Equipment Acquisition Details
The company has purchased a comprehensive set of aluminium processing equipment to enhance its manufacturing capabilities. The acquisition includes multiple specialized machines designed for different stages of aluminium processing and production.
| Equipment Type | Specifications |
|---|---|
| Aluminium Melting Crucible Furnace | 4 sets, 600 kg capacity each |
| Ingot Casting Machine | 240 Mould capacity |
| Pulverizer | 42-inch size |
| Launder System | Complete system |
| Bag House | 64 bags capacity |
IPO Proceeds Utilization
This equipment purchase represents the utilization of funds raised through the company's Initial Public Offering, demonstrating the company's commitment to deploying IPO proceeds as outlined in its offer documents. The acquisition aligns with the stated objects of the IPO issue and supports the company's strategic expansion initiatives.
The equipment purchase forms part of OM Metallogic's broader expansion strategy, which was disclosed to investors in the IPO offer documents. This systematic approach to capacity enhancement reflects the company's focus on scaling its aluminium processing operations.
Manufacturing Capability Enhancement
The newly acquired equipment will significantly enhance OM Metallogic's aluminium processing capabilities across multiple operational areas:
- Melting Operations: Four high-capacity crucible furnaces will increase melting capacity to 2,400 kg total
- Casting Capabilities: The 240 mould ingot casting machine will streamline production processes
- Processing Efficiency: The 42-inch pulverizer will enhance material processing capabilities
- Environmental Compliance: The 64-bag bag house system will support environmental standards
Corporate Communication
Managing Director Manish Sharma (DIN: 02494864) signed the official communication to BSE Limited, confirming the equipment purchase and its alignment with the company's expansion objectives. The communication was digitally signed and submitted on January 20, 2026.
This development represents a concrete step in OM Metallogic's growth strategy, utilizing IPO proceeds to enhance operational capacity and strengthen its position in the aluminium processing sector. The company operates from its registered office in Ballabgarh, Haryana, with corporate offices in Faridabad.
Historical Stock Returns for Om Metallogic
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.30% | -0.40% | -4.76% | -70.59% | -70.59% | -70.59% |
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