Om Galaxy IPO

The Om Galaxy SME IPO runs from 10 Sept 2026 to 15 Sept 2026, offered at a price band of ₹85–90 per share, and is set to list on BSE. The company is looking to raise ₹105 crore through the offer. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,88,000.

Issue structure

The IPO is structured entirely as a fresh issue of ₹99.75 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward capital expenditure towards setting up a new manufacturing unit for consolidation of the company’s existing manufacturing units and expansion of its production capacities (₹74.66 crore), alongside pre-payment/ repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company (₹14 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Om Galaxy reported revenue of ₹124.68 crore and a net profit of ₹16.64 crore. Revenue grew from ₹105.12 crore in FY2024 to ₹124.68 crore in FY2026 (+19.0%). Net worth stood at ₹80.9 crore at the end of FY2026. At the upper band, that puts the issue at roughly 12.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 18.33× post-issue earnings and 2.5× book value, against a return on net worth of 22.13% and a debt-to-equity ratio of 0.45. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are <p>Opindersingh Bachattarsingh Baddhan, Jyothish Rajamohanan Nambiar, Sathyapalan Ayadathil Poyil, Gagandeep Opinder Singh Baddhan, Meena O Badhhan</p>. Promoter holding stands at 100% before the issue and comes down to 65.56% after listing.

Grey market premium (GMP)

In the unofficial grey market, Om Galaxy shares are quoted at a premium of ₹0 implying an expected listing around ₹90, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Om Galaxy IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Om Galaxy

Incorporated in October 2008, Om Galaxy Ltd. is engaged in the business of design, development and manufacturing of: (a) Pipe fitting and industrial mould, Hot Runner System (&ldquo; HRS&rdquo;) and Cleaning Products. The company manufactures building materials, plastics, automotive parts, and industrial engineering products. As of February 28, 2026, the company has 57 SKUs relating to products manufactured under the brand &ldquo; WONDRA &rdquo; The company, along with its subsidiaries, is operating from Vasai, District Palghar, Maharashtra and in Pune, Maharashtra. The company exports its products to North America, Asia and Africa. The company has four manufacturing units, all located in Palghar, Maharashtra. Competitive Strength: Experienced Promoters, Directors and senior management team. Diversified Product Portfolio encompassing moulds, HRS and cleaning product supported by in-house design and manufacturing capabilities. Long standing relationships with established clientele leading to recurring business Integrated Product Offering through In-house Hot Runner Systems Capability Unique positioning in the moulds manufacturing industry.