Om Metallogic Ltd

Use of Proceeds

The funds raised through this IPO will be used for:

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.

*Subject to approvals and market conditions.