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Om Galaxy IPO

Published: 7 September 2026 | 6.00 AM
Last Updated: 8 September 2026 | 6.00 AM

IPO Snapshot

Particulars Details
Chanakya View 🟡 Selective Apply
Overall Rating ⭐⭐⭐☆☆ (3.5/5)
GMP Today Updated Daily
Issue Size Rs. 105.00 Crore
Price Band Rs. 85 – Rs. 90
Lot Size 1,600 Shares
Minimum Individual Investment Rs. 2,88,000 for 3,200 shares
IPO Opens 10 September 2026
IPO Closes 15 September 2026
Allotment 16 September 2026
Listing 18 September 2026
Exchange BSE SME
Lead Manager Indorient Financial Services Ltd.
Registrar Bigshare Services Pvt. Ltd.

Investor Decision Box

Question Chanakya View
Suitable for Listing Gain? 🟡 Yes, if GMP and subscription remain healthy
Suitable for Long-Term? 🟡 Selective
Risk Level Medium to High
Business Quality ⭐⭐⭐⭐☆
Financial Strength ⭐⭐⭐⭐☆
Balance Sheet ⭐⭐⭐☆☆

👉 | IPO GMP|IPO Reviews |IPO Subscription|IPO Allotment

Chanakya View

Om Galaxy Limited is an engineering company engaged in designing and manufacturing industrial moulds, pipe-fitting moulds, automotive moulds, hot runner systems and cleaning products. Its products, in-house design capabilities, manufacturing units and exports to North America, Asia and Africa support operations. An order book of Rs. 94.42 crore as of 30 June 2026 provides revenue visibility.

The company has delivered financial growth. Total income increased from Rs. 105.12 crore in FY 2024 to Rs. 124.68 crore in FY 2026, while profit after tax rose from Rs. 12.04 crore to Rs. 16.64 crore. FY 2026 EBITDA margin of 26.33% and PAT margin of 13.42% are sound. ROCE stood at 20.39%, and RoNW was 22.13%.

However, FY 2026 revenue grew 10%, while PAT increased just 5%, indicating moderation in earnings momentum. Borrowings also rose from Rs. 25.13 crore to Rs. 37.79 crore. At the upper price, the post-issue P/E of 18.33 times appears acceptable.

The fresh issue will fund a new manufacturing unit and debt repayment. Investors should monitor execution, GMP and subscription demand before applying.

Chanakya Recommendation: 🟡 Selective Apply

About the Company

Incorporated in 2008, Om Galaxy Limited designs, develops and manufactures moulds, hot runner systems and cleaning products. Its products serve building materials, plastics and polymer processing and automotive components.

The company and its subsidiaries operate seven manufacturing units in Vasai and Pune, Maharashtra. It offers 77 cleaning-product SKUs under the “WONDRA” brand. Integrated in-house design, manufacturing and hot runner system capabilities allow the company to provide customised solutions and maintain control over product development.

Om Galaxy serves customers and has recurring relationships with clients. Its plan to consolidate units into a new manufacturing facility is intended to expand capacity and improve operating efficiency.

Why This IPO Stands Out

✅ Established engineering business with operations since 2008.

✅ Diversified exposure across moulds, automotive, plastics and cleaning products.

✅ Order book of Rs. 94.42 crore offers business visibility.

✅ Healthy FY 2026 EBITDA margin of 26.33%.

✅ Entire IPO is a fresh issue, with no offer for sale.

✅ Proceeds will support capacity expansion and borrowing reduction.

Key Risks

⚠ FY 2026 profit growth slowed to 5%, despite a 10% revenue increase.

⚠ Borrowings increased during FY 2026.

⚠ Setting up and consolidating operations into a new facility involve execution risks.

⚠ Demand is linked to cyclical automotive, plastics, construction and engineering industries.

⚠ Export operations expose the company to currency and overseas-market risks.

⚠ SME shares may experience limited liquidity and post-listing volatility.

Financial Snapshot (Rs. Crore)

ParticularsFY26FY25FY24
Total Income124.68113.13105.12
EBITDA32.8229.3624.60
Profit After Tax16.6415.9212.04
Net Worth80.9066.0149.89
Total Borrowings37.7925.1332.07

Issue Structure

The Rs. 105 crore IPO is entirely a fresh issue of 1,16,67,200 shares. There is no offer for sale, meaning the issue proceeds will flow to the company, subject to issue expenses.

Objects of the Issue

PurposeAmount
New manufacturing unit and capacity expansionRs. 74.66 Crore
Repayment or prepayment of borrowingsRs. 14.00 Crore
General corporate purposesBalance amount

Valuation Analysis

At Rs. 90, Om Galaxy is valued at a pre-issue P/E of 12.02 times and post-issue P/E of 18.33 times. Post-issue EPS is Rs. 4.91, while market capitalisation is Rs. 304.90 crore. The price-to-book ratio is 2.50 times. Valuation appears acceptable, provided earnings growth accelerates after expansion.

Shareholding

Promoter holding will decline from 100% before the IPO to 65.56% afterward. Public shareholders will hold 34.44%. The company has five promoters, including Opindersingh Bachattarsingh Baddhan and Jyothish Rajamohanan Nambiar.

Company Address and Issue Intermediaries

Om Galaxy Limited, 4/5/6 Blue Chip No. 5, Industrial Estate, Sativali Road, Village Valiv, Vasai, Thane, Maharashtra – 401208. Email: cs@omgalaxymould.com; Phone: +91 7770017943.

Lead Manager: Indorient Financial Services Ltd.

Registrar: Bigshare Services Pvt. Ltd.; Email: ipo@bigshareonline.com; Phone: 8657578989.

Market Maker: Aikyam Capital Pvt. Ltd.

Final Verdict

Om Galaxy IPO offers a diversified engineering business, healthy margins, an established operating history and expansion-focused use of proceeds. However, slower profit growth, rising debt, project-execution risk and SME liquidity warrant caution. Investors may apply selectively after checking GMP, subscription quality and market sentiment.

Om Galaxy IPO FAQs

What is the Om Galaxy IPO price band?

The price band is Rs. 85–Rs. 90 per share.

What is the minimum Om Galaxy IPO investment?

Individual investors must apply for 3,200 shares, requiring Rs. 2,88,000 at the upper price.

When will Om Galaxy IPO list?

The shares are tentatively scheduled to list on BSE SME on 18 September 2026.

Who is the Om Galaxy IPO registrar?

Bigshare Services Pvt. Ltd. is the registrar.

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