Om Galaxy
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 3.11×
- Big non-institutionalbNII · above ₹10 lakh
- 0.58×
- Small non-institutionalsNII · ₹2–10 lakh
- 0.04×
- Retail individualRII · up to ₹2 lakh
- 0.09×
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 7 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 13 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 12 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 11 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 10 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 09 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 08 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
| 07 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹90 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 10 Sept 2026 – 15 Sept 2026
- Listing date
- 18 Sept 2026
- Face value
- ₹5 per share
- Price band
- ₹85 – ₹90
- Lot size
- 1,600 shares
- Sale type
- Fresh capital
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹105 Cr
- Fresh issue
- ₹99.75 Cr 1,10,83,200 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹305 Cr
- Promoter holding
- 100.00% → 65.56% pre-issue → post-issue
- ISIN
- INE2D0Q01027
- CIN
- U33127MH2008PLC187382
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Indorient Financial Services Ltd.
- Registered office
- 4/5/6 Blue Chip No 5, Industrial Estate, Sativali Road, Village Valiv, Vasai, Thane, Maharashtra-401208, India
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 22,16,000 | 28.55% | 26.55% |
| Anchor investor · within QIB | 33,21,600 | — | 39.80% |
| NII (HNI) | 16,64,000 | 21.44% | 19.94% |
| bNII > ₹10L · within NII | 11,08,800 | — | 13.29% |
| sNII < ₹10L · within NII | 5,55,200 | — | 6.65% |
| Retail (RII) | 38,81,600 | 50.01% | 46.51% |
| Employee | 0 | — | 0.00% |
| Market maker | 5,84,000 | — | 7.00% |
| Total issue | 83,45,600 | — | 100.00% |
Net offer to the public of 77,61,600 shares, out of a total issue of 83,45,600. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 1,600 shares per lot, in multiples, at ₹90
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,44,000 |
| S-HNI (min) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (max) | 6 | 9,600 | ₹8,64,000 |
| B-HNI (min) | 7 | 11,200 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹90 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.49 | 4.91 |
| P/E (×) | 12.02 | 18.33 |
| Price to book (×) | 2.50 | — |
| Market cap | — | ₹305 Cr |
Key performance indicators
Latest reported period, consolidated
- Return on net worth
- 22.13%
- ROCE
- 24.00%
- Debt / equity
- 0.45
- PAT margin
- 13.42%
- EBITDA margin
- 26.33%
- NAV per share
- ₹35.94
- Price to book
- 2.50
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Consolidated ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 124.68 | 113.13 | 105.12 |
| Revenue from operations | 124 | 112.66 | 104.56 |
| Other income | 0.68 | 0.47 | 0.56 |
| Total expenses | 91.86 | 83.77 | 80.52 |
| Operating profit | 32.82 | 29.36 | 24.6 |
| Operating margin | 26.32% | 25.95% | 23.40% |
| Profit before tax | 22.34 | 21.64 | 16.01 |
| Profit after tax | 16.64 | 15.92 | 12.04 |
| PAT margin | 13.35% | 14.07% | 11.45% |
| Balance sheet | |||
| Total assets | 175.31 | 142.81 | 117.49 |
| Current assets | 83.96 | 88.3 | 75.06 |
| Current liabilities | 70.15 | 61.72 | 50.51 |
| Total liabilities | 92.07 | 76.33 | 67.31 |
| Net worth | 83.24 | 66.48 | 50.19 |
| Current ratio | 1.20× | 1.43× | 1.49× |
| Return on equity | 19.99% | 23.95% | 23.99% |
| Cash flow | |||
| Operating cash flow | 35.03 | 26.77 | 3.43 |
| Investing cash flow | -44.33 | -18.08 | -5.28 |
| Financing cash flow | 10.16 | -8.47 | 2.13 |
| Net cash flow | 0.86 | 0.23 | 0.28 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 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 Cr
The company proposes to set up a New Manufacturing Unit to consolidate operations from four existing manufacturing units into a single location and expand production capacity. This includes land acquisition, construction of factory building, and purchase of machinery and equipment to enhance manufacturing capabilities and operational efficiency.
2 Pre-payment/re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company ₹14 Cr
The company intends to utilize funds towards repayment and/or pre-payment of certain existing borrowings to reduce overall indebtedness, strengthen financial position, result in savings in interest costs, improve debt-equity ratio, and enhance cash flow management.
3 General Corporate Purposes —
The company proposes to utilize funds for meeting business requirements and contingencies, including funding short-term working capital requirements, meeting operating and administrative expenses, payment of statutory dues, servicing of borrowings, and marketing initiatives.
1 of 3 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Om Galaxy
Om Galaxy Limited is engaged in the design, development and manufacturing of pipe fitting moulds and industrial moulds catering to building materials (primarily pipes, fittings, sanitaryware) and plastic & polymer processing industry for the past 17 years. The company also manufactures automotive moulds through its subsidiary OMG Auto Mould Private Limited for the past 6 years, Hot Runner Systems through subsidiary Infuse HRS Private Limited for the past 4 years, and cleaning products used in households and commercial establishments under the brand name 'WONDRA'. The company specializes in moulds utilized for injection moulding and blow moulding processes, operating from seven manufacturing units across Vasai, District Palghar, Maharashtra and Pune, Maharashtra with around 630 employees.
Management
Opindersingh Bachattarsingh Baddhan
MD
Jyothish Rajamohanan Nambiar
CEO
Sathyapalan Ayadathil Poyil
COO
Gagandeep Opinder Singh Baddhan
CTO
Bhakti Chirag Bagadia
Director
Bhavin Deepak Bhuta
Director
Dinesh Kumar Sharma
Director
Umesh Ramkumar Pareek
Director
Dipti Ganesh Choudhary
CFO
Priya Ashwini Gupta
VP of Marketing
Khalid Ahmed Khan
Director of Operations
Mahesh Chenaram Solanki
VP of Sales
Mohan Sadananda Bhandary
Director of Operations
Pavithra H Salian
Director of HR
Sheikh Saber Shakur
Director
Shiv Prasad Yadav
Director
Manoharan Kumaran
Director of Operations
Strengths
As stated in the offer document
Experienced Promoters, Directors and senior management team
The company is led by experienced promoters with 37, 30+ and 14+ years of experience in mould manufacturing. The collective management expertise in industry dynamics, customer requirements, and operational execution has contributed to business development and growth.
Diversified Product Portfolio encompassing moulds, HRS and cleaning product supported by in-house design and manufacturing capabilities
The company has expanded from manufacturing moulds of 400-600 mm dimensions to intricate, large-scale moulds of up to 64 cavities weighing up to 6-7 tons. The company manufactures moulds for multiple industries and has diversified into automotive (2019), HRS (2021), and cleaning products under 'WONDRA' brand (Fiscal 2025).
Long standing relationships with established clientele leading to recurring business
The company maintains strong customer relationships with 75.60% revenue from repeat customers in Fiscal 2026. The company has 114 repeat customers out of 211 total customers, demonstrating customer loyalty and recurring business generation.
Integrated Product Offering through In-house Hot Runner Systems Capability
The company offers integrated moulding solutions through subsidiary Infuse HRS, which manufactures hot runner systems. Hot runners cut cycle time up to 20-25% and reduce scrap, improving ROI and enabling the company to provide complete tooling solutions from a single vendor.
Unique positioning in the moulds manufacturing industry
The company is positioned as a Forward-integrated MSME Dies and Moulds Manufacturer with HRS manufacturing capabilities. Among 5000+ manufacturers in India, only 500+ can produce large-size moulds, and the company has in-house hot runner manufacturing capabilities through subsidiary Infuse HRS Private Ltd.
Risk factors
As stated in the offer document
Customer Concentration Risk
The company is substantially dependent on its top 10 customers, who represented 73%, 84%, and 84% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The company does not have long-term binding agreements with all customers, making it vulnerable to order reductions or customer loss.
Supplier Concentration and Raw Material Dependency
The company depends on a limited number of suppliers for key raw materials, with top 10 suppliers representing 49%, 69% and 59% of total purchases in Fiscals 2026, 2025 and 2024, respectively. The company has no definitive agreements with suppliers, creating supply chain vulnerability.
Manufacturing Unit Consolidation and Expansion Risk
The company proposes to set up a New Manufacturing Unit requiring substantial capital outlay and involves execution and relocation risks. Any delays in implementation, stabilization or obtaining approvals may adversely affect business continuity and operations.
Manufacturing Capacity Under-utilization Risk
The company faces risks of under-utilization of manufacturing capacities and inability to effectively utilize expanded manufacturing capacities. Current capacity utilization levels depend on demand, raw material availability, and operational efficiency.
Raw Material Price and Availability Risk
An increase in cost or shortfall in availability of raw materials could materially affect the company's business. Cost of materials consumed represents 39.75%, 43.86%, and 43.55% of revenue from operations in recent fiscals, and the company may not be able to pass on cost increases to customers.
Geographic Concentration Risk
All existing and new manufacturing units are concentrated in Maharashtra, India. Any significant social, political, economic disruption, natural calamities or civil disruptions in Maharashtra could adversely affect the company's business and operations.
Statutory Auditor Qualification on MSMED Act Compliance
The company's Statutory Auditor has included a qualification regarding non-provision of interest payable on delayed payments to suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006. The impact could not be quantified by auditors.
Secretarial Records and Compliance Issues
The company is unable to trace some secretarial records and has had instances of discrepancies, delayed filings and statutory non-compliances in the past. Adjudication applications are pending which may result in fines or penalties.
Key Personnel Dependency Risk
The company's business is dependent on experience and expertise of Promoters, Directors, Key Managerial Personnel and Senior Management. The company does not maintain key man insurance policies and faces challenges in attracting and retaining qualified personnel in a competitive industry.
New Business Segment Risk - WONDRA Brand
The company's entry into B2C segment through 'WONDRA' branded cleaning products exposes it to risks in a new business line with limited experience. The segment reported negative EBITDA of ₹70.46 Lakhs for Fiscal 2026, impacting consolidated financial performance.