Om Metallogic Limited sets Rs 21 rights price at Rs 16.51 crore

Om Metallogic Limited has fixed a fully paid 1:1 rights issue at Rs 21 a share, seeking up to Rs 16.51 crore and potentially increasing its outstanding shares from 78.62 lakh to 157.25 lakh on full subscription. The board approved the detailed terms on November 14, 2026, after BSE Limited's in-principle approval.

What are Om Metallogic's rights issue terms?

Om Metallogic will offer up to 78.62 lakh fully paid equity shares of Rs 10 face value at Rs 21 each, for an issue of up to Rs 16.51 crore assuming full subscription. Applicants must pay the entire Rs 21 issue price for every rights share when submitting their application, with no later call payment specified in the filing.

The Rs 21 price comprises the Rs 10 face value and an implied Rs 11 premium per share. The board had approved the draft letter of offer on August 10, 2026, while BSE Limited issued its in-principle approval letter dated October 23, 2026 before the final terms were approved on November 14.

The proposed securities are fully paid equity shares, rather than partly paid shares or another instrument. Om Metallogic has also approved the letter of offer and authorised its Rights Issue Committee to decide further matters, including any required update to the letter of offer.

How could Om Metallogic's rights issue change its equity base?

Om Metallogic's outstanding shares could increase by 78.62 lakh, from 78.62 lakh before the issue to 157.25 lakh after it, if the offer is fully subscribed. Because the number of proposed shares matches the pre-issue share count, the 1:1 structure would double the equity share count.

The company reported paid-up equity share capital of Rs 7.86 crore at September 30, 2026, based on Rs 10-face-value shares. On a full-subscription basis, the 78.62 lakh new shares would add Rs 7.86 crore to share capital, while the remaining amount in the maximum Rs 16.51 crore issue value represents the premium component.

The stated Rs 16.51 crore is a maximum amount, not a confirmed fundraise, because the filing expressly assumes full subscription. The post-issue outstanding-share figure of 157.25 lakh is similarly presented as the outcome after the issue, rather than an already completed allotment.

Who is eligible for Om Metallogic's 1:1 rights entitlement?

Om Metallogic shareholders holding shares on Friday, November 20, 2026 will be entitled to one rights share for every one fully paid equity share held on that record date. The 1:1 ratio means a holder of 100 shares would receive rights entitlements for 100 additional shares, subject to the application process and payment of Rs 21 a share.

Rights entitlements will be credited before the issue opens into eligible shareholders' demat accounts under the RE-ISIN. Om Metallogic said it has made arrangements with National Securities Depository Limited and Central Depository Services (India) Limited to credit these entitlements.

Receiving a rights entitlement does not itself result in allotment. A holder who receives an entitlement, or acquires one from another holder, must apply for the rights shares and pay the full application amount by the issue closing date to receive an allotment.

What are Om Metallogic's rights issue dates and lapse rules?

Om Metallogic has set November 20, 2026 as the record date, December 23, 2026 as the last date for on-market renunciation and December 30, 2026 as the issue closing date. The supplied filing identifies the opening period as December 2026, but its displayed opening-date day is not reliably legible.

Eligible holders can renounce their rights entitlements in full or in part through the stock exchange's secondary-market platform, known as on-market renunciation, or through an off-market transfer. The December 23 deadline specifically applies to on-market renunciation, while off-market transfers are subject to the timelines in the letter of offer.

Rights entitlements will lapse if no application is made on or before the December 30, 2026 closing date. Om Metallogic states that no rights shares will be allotted against lapsed entitlements, making an application with the full Rs 21 per share necessary even where the entitlement has already been credited to a demat account.

How did Om Metallogic's latest half-year results compare?

Om Metallogic reported revenue from operations of Rs 85.35 crore for the half year ended September 30, 2026, compared with Rs 22.06 crore for the half year ended September 30, 2025. Profit before tax increased to Rs 4.10 crore from Rs 1.27 crore, while net profit after tax rose to Rs 3.02 crore from Rs 94.14 lakh.

Basic and diluted earnings per share were Rs 3.84 for the September 2026 half year, versus Rs 2.32 a year earlier. The company reported one operating segment, manufacturing of aluminium alloys ingot, and therefore did not provide separate segment reporting.

Materials consumed rose to Rs 77.54 crore in the September 2026 half year from Rs 19.26 crore in the comparable prior-year half year, alongside the revenue increase. At September 30, 2026, inventories stood at Rs 39.45 crore versus Rs 33.05 crore at March 31, 2026, and trade receivables were Rs 10.70 crore versus Rs 10.00 crore.

Conclusion

Om Metallogic has set the commercial terms for a Rs 16.51 crore maximum rights issue that offers existing shareholders one new share for each share held on November 20, 2026. Full subscription would add 78.62 lakh shares and take the outstanding equity base to 157.25 lakh shares, while the company reported higher revenue and profit for the half year ended September 30, 2026.

The next disclosed milestones are the November 20 record date, the December 23 deadline for on-market renunciation and the December 30 issue close. Shareholders will need the letter of offer for the legible opening date, details on fractional and zero entitlements, and any changes that Om Metallogic's Rights Issue Committee may approve.