Summary
The OM Galaxy IPO is an SME book-build IPO, scheduled to open on 10 September 2026 and close on 15 September 2026.
The price band is fixed at ₹85 to ₹90 per share, with a minimum application of 2 lots (3,200 shares).
The company is listing its shares on the BSE SME, which is scheduled for 18 September 2026.
OM Galaxy IPO is an SME book-building issue through which OM Galaxy Ltd. plans to raise approximately ₹105 crore from the primary market. The IPO will open for subscription on 10 September 2026 and close on 15 September 2026, with shares proposed to be listed on the BSE SME platform on 18 September 2026. The price band has been fixed at ₹85 to ₹90 per share, and investors need to apply for a minimum of two lots, comprising 3,200 shares.
OM Galaxy IPO Key Details
The table below presents the essential details investors should know before applying for the OM Galaxy IPO.
| IPO Open Date | 10 September 2026 |
| Close Date | 15 September 2026 |
| Face value | ₹5 per share |
| Price Band | ₹85 to ₹90 per share |
| IPO Lot Size | 1,600 shares |
| Fresh issue | 1,16,67,200 shares |
| Offer for Sale | _ |
| Type of issue | Book-building SME |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | ₹105 crore approx |
| Minimum Investment | 2 lots (3,200 shares) |
OM Galaxy IPO Timeline
Below is the complete schedule of events for the OM Galaxy IPO.
| Bid Opening | 10 September 2026 |
| Bid Closing | 15 September 2026 |
| Tentative Allotment | 16 September 2026 |
| Initiation of Refunds | 17 September 2026 |
| Credit of Shares to Demat | 17 September 2026 |
| Tentative Listing Date | 18 September 2026 |
| UPI mandate closing date | 15 September 2026 |
Key Performance Indicators of OM Galaxy IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 22.13 | 26.82 | 28.26 |
| ROCE (%) | 20.39 | 25.11 | 21.57 |
| Debt Equity (in times) | 0.45 | 0.38 | 0.64 |
| RoNW (%) | 22.13 | 26.82 | 28.26 |
| PAT Margin (%) | 13.42 | 14.13 | 11.51 |
| EBITDA margin (%) | 26.33 | 25.95 | 23.40 |
| Price to book |
OM Galaxy IPO Financial Details
The Financial information of the OM Galaxy IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 124.00 | 112.66 | 104.55 |
| Total Asset | 175.31 | 142.80 | 117.49 |
| Profit | 16.63 | 15.91 | 12.03 |
OM Galaxy IPO Subscription Status
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Sep 10 (Day 1) | 1.81 | 0.40 | 0.04 | 0.62 |
OM Galaxy IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the OM Galaxy IPO shows a GMP of ₹0 with an estimated listing price of ₹90.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 10-09-2026 Open | ₹0 ─ | ₹90 (0.00%) | ₹0 | 10-Sep-2026 18:30 |
| 09-09-2026 | ₹0 ─ | ₹90 (0.00%) | ₹0 | 9-Sep-2026 23:28 |
| 08-09-2026 | ₹0 ─ | ₹90 (0.00%) | ₹0 | 8-Sep-2026 23:28 |
| 07-09-2026 | ₹0 ─ | ₹90 (0.00%) | ₹0 | 7-Sep-2026 23:37 |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
OM Galaxy IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 5,84,000 | 5.01 | |
| QIBs | 55,37,600 | 49.96 | 47.46 |
| NIIs | 16,64,000 | 15.01 | 14.26 |
| Retails | 38,81,600 | 35.02 | 33.27 |
| Total | 1,16,67,200 | 100% | 100% |
OM Galaxy IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 3,200 | 2,88,000 |
| Individual Investor IND (Max) | 2 | 3,200 | 2,88,000 |
| S-HNI (Min) | 3 | 4,800 | 4,32,000 |
| S-HNI (Max) | 6 | 9,600 | 8,64,000 |
| B-HNI (Min) | 7 | 11,200 | 10,08,000 |
OM Galaxy IPO Prospectus
Investors can access the offered prospectus for the OM Galaxy IPO mentioned below.
About OM Galaxy Ltd.
OM Galaxy Ltd., established in 2008, is engaged in the design, development, and manufacturing of precision moulds and related products. Its product portfolio includes pipe fitting and industrial moulds, automotive moulds, Hot Runner Systems (HRS), and plastic-based household and institutional cleaning products sold under the WONDRA brand. Its products serve industries, including building materials, plastics and polymer processing, automotive and auto components, and industrial engineering.
The company operates multiple manufacturing facilities in Maharashtra. It exports its products to both domestic and international markets, including across North America, Asia and Africa. As of 30 June 2026, the company had 77 SKUs under its WONDRA cleaning products business, while its diversified manufacturing operations formed the core of its business portfolio.
Promoters:
- Opindersingh Bachattarsingh Baddhan
- Jyothish Rajmohanan Nambiar
- Sathyapalan Ayadathil Poyil
- Gagandeep Opinder Singh Baddhan
- Meena O Baddhan
| Book Runner | Indorient Financial Services Ltd. |
| Issue Registrar | Bigshare Services Pvt. Ltd. |
Purpose of OM Galaxy IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| For repayment of outstanding borrowings | 14.00 |
| For investment in capital expenditure for new manufacturing unit | 74.66 |
| General corporate purposes | _ |
| Total | _ |
OM Galaxy Ltd.- Strengths and benefits
- Focus on manufacturing capabilities: OM Galaxy operates in a specialised manufacturing business where technical expertise, production capabilities and the ability to meet customer specifications can support its competitive position.
- Improving financial scale: The company reported revenue growth from ₹104.55 crore in FY24 to ₹112.66 crore in FY25 and ₹124 crore in FY26. Its profit also increased from ₹12.03 crore to ₹16.63 crore during the same period, indicating growth in the scale of operations.
- In-house Hot Runner System capability: Its HRS is in-house, which complements its mould manufacturing business. This integrated capability enables the company to provide a more complete moulding solution to customers and reduces its dependence on external suppliers for this part of the offering.
OM Galaxy Ltd- Risks and limitations
- Dependence on a limited supplier base: The top 10 suppliers accounted for 49% of total raw material purchases in FY2026, down from 69% in FY2025 and 59% in FY2024. Since the company does not have definitive agreements with all its suppliers, disruptions, shutdowns, or delays at key suppliers could affect the availability of raw materials and, consequently, production.
- Customer and competitive pressure: The company operates in a competitive manufacturing environment. Pricing pressure, changing customer requirements and competition from other manufacturers could affect margins and business growth.
- High customer concentration: Most of the company’s revenue comes from its top 10, including 73% in FY2026, down from 84% in FY2025 and FY2024. This means a significant portion of revenue is concentrated among a small group of customers.
OM Galaxy IPO Review
The OM Galaxy IPO is a book-building SME IPO issuing 1,16,67,200 fresh shares, fixed to open on September 10, 2026 and close on September 15, 2026. The shares are to be listed on the BSE SME platform, with a tentative listing date of 18 September 2026. The price band of the IPO is fixed at ₹85 to ₹90 per share with a minimum investment of 2 lots (3,200 shares).
As of September 8, 2026, the GMP status shows at ₹0, indicating no estimated premium over the upper issue price in the unofficial market. Investors should note that GMP is unofficial and can change significantly before listing. Investors may consider the company’s financial growth, expansion plans, manufacturing capabilities and the risks associated with executing a new manufacturing project before making an investment decision.
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OM Galaxy IPO FAQs
OM Galaxy IPO is an SME book-building issue through which OM Galaxy Ltd. plans to raise approximately ₹105 crore by issuing fresh shares to investors.
Investors can apply through their registered broker or bank using the ASBA or UPI-based IPO application process.
The suitability of the IPO depends on an investor’s risk appetite and investment goals. Investors should evaluate the company’s financial performance, expansion plans, valuation and business risks before applying.
The OM Galaxy IPO is scheduled to open for subscription on 10 September 2026.
The IPO lot size is 1,600 shares. The minimum application requires two lots, or 3,200 shares.
The tentative date for the allotment of OM Galaxy IPO shares is 16 September 2026.
OM Galaxy shares are tentatively scheduled to list on the BSE SME platform on 18 September 2026.
