SME
IPO ·
BSE SME
Om Galaxy Ltd
Listed
Maharashtra maker of pipe fittings, industrial and auto moulds, hot-runner systems and cleaning products.
Issue details
Price band
₹85 – ₹90
Face value
₹5
Lot size
1,600 shares
Minimum investment
₹2,88,000
Issue size
₹105 Cr
Fresh issue
₹105 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
10 Sep 2026
Closes
15 Sep 2026
UPI mandate cut-off
5:00 PM on 15 Sep 2026
Allotment
16 Sep 2026
Refunds
17 Sep 2026
Shares in demat
17 Sep 2026
Listing
18 Sep 2026
Subscription and listing
Subscription
1.84x
Listing price
₹90.20
Registrar
Bigshare Services Pvt Ltd
Lead manager
Indorient Financial Services Ltd
Subscription by category
Total
1.84x
Total applications
948
Anchor investors
Amount raised
₹29.89 Cr
Bid date
9 Sep 2026
50% lock-in ends
16 Oct 2026
Rest lock-in ends
15 Dec 2026
Listing day
Issue price
₹90
Open
₹90.20
High
₹92.00
Low
₹85.75
Day close
₹90.77
Listing gain at open
+0.22%
Issue structure
Shares reserved per category and share of the total issue
QIB
55,37,600
47.46%
Anchor Investor
33,21,600
28.47%
QIB (Ex. Anchor)
22,16,000
18.99%
NII
16,64,000
14.26%
bNII > ₹10L
11,08,800
9.50%
sNII < ₹10L
5,55,200
4.76%
Retail
38,81,600
33.27%
Market Maker
5,84,000
5.01%
Total
1,16,67,200
100.00%
Finaccle’s quick read
Apply for long term
ROE of 22.13%, D/E of 0.45 and a 13.4% PAT margin, with an entirely fresh issue. PAT grew only 5% in FY26, which makes the post-issue P/E of 18.33 look full.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Om Galaxy designs and makes pipe fittings, industrial and automotive moulds, and hot runner systems, and sells cleaning products under the WONDRA brand. It runs seven units in Vasai and Pune, Maharashtra, and sells in India and to North America, Asia and Africa. It reported an order book of about ₹94 Cr and FY26 income of about ₹125 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
22.13%
ROCE
20.39%
Debt / equity
0.45
PAT margin
13.42%
P/E post issue
18.33
Market cap
₹304.90 Cr
Use of IPO money
Capex for new manufacturing unit
₹74.66 Cr
Prepayment/repayment of borrowings
₹14.00 Cr
General corporate purposes
₹6.33 Cr
Issue expenses
₹10.01 Cr
Strengths
✓
In-house hot runner and mould design capability
✓
High EBITDA margin of about 26%
✓
Exports to North America, Asia and Africa
✓
Debt/equity of 0.45 and ROE of 22%
✓
Entirely fresh issue funding a new unit
Risks to watch
!
PAT grew only about 5% in FY26
!
Post-issue P/E of 18.33 is full given slow growth
!
Most proceeds go to a new unit that is not yet built
!
All seven plants are in Maharashtra
!
Weak 1.84x subscription
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.