Mumbai (Maharashtra) [India], September 9: Om Galaxy Limited, a precision mould design, development and manufacturing company catering to the building materials, primarily pipes, fittings and sanitaryware, and the plastics and polymer processing industries, has announced the opening of its Initial Public Offering (IPO) on Thursday, September 10, 2026. The Equity Shares are proposed to be listed on the BSE SME platform.
The issue comprises 1,16,67,200 Equity Shares with a face value of ₹5 each. The price band has been fixed at ₹85 to ₹90 per Equity Share. At the upper price band, the issue size is ₹105 crore.
IPO Details
Issue Opening Date: Thursday, September 10, 2026
Issue Closing Date: Tuesday, September 15, 2026
Price Band: ₹85 to ₹90 per Equity Share
Face Value: ₹5 per Equity Share
Issue Size: 1,16,67,200 Equity Shares
Proposed Listing: BSE SME
Anchor Bidding Date: Wednesday, September 9, 2026
Equity Share Allocation
Anchor Investor Portion: 33,21,600 Equity Shares
Net Qualified Institutional Buyer: 22,16,000 Equity Shares
Non-Institutional Investors: 16,64,000 Equity Shares
Individual Investors: 38,81,600 Equity Shares
Market Maker: 5,84,000 Equity Shares
The net proceeds from the IPO are proposed to be utilised towards part of the capital expenditure for setting up a new manufacturing unit for consolidation of the Company’s existing manufacturing units and expansion of its production capacities, pre-payment/re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company, and general corporate purposes.
The anchor bidding is scheduled for Wednesday, September 9, 2026. The issue will open on Thursday, September 10, 2026 and will close on Tuesday, September 15, 2026.
Indorient Financial Services Limited is the Book Running Lead Manager to the Issue, and Bigshare Services Private Limited is the Registrar to the Issue.
About Om Galaxy Limited
Om Galaxy Limited is engaged in the business of design, development and manufacturing of pipe fitting moulds and industrial moulds catering to building materials, primarily pipes, fittings and sanitaryware, and the plastic and polymer processing industry.
The Company also manufactures automotive moulds through its subsidiary, OMG Auto Mould Private Limited, and Hot Runner Systems through its subsidiary, Infuse HRS Private Limited.
The Company has expanded its capabilities to manufacture intricate, large-scale moulds with up to 64 cavities weighing up to 6-7 tons. The Company, along with its subsidiaries, operates seven manufacturing units in Maharashtra and caters to customers across building materials, plastics and polymer processing, automotive and auto components, and industrial engineering industries.
The Company has also diversified into the cleaning products segment under the brand name WONDRA, manufacturing products such as mops, brushes, scrubbers, wipers and brooms. As of June 30, 2026, the Company had 77 SKUs under WONDRA.
In FY26, the Company achieved revenue of ₹12,400.14 lakhs, EBITDA of ₹3,282.14 lakhs and PAT of ₹1,663.58 lakhs.
Disclaimer: This article is strictly for informational purposes. The publisher is not a SEBI-registered investment adviser. Readers should consult a qualified financial advisor and read the official Red Herring Prospectus (RHP) and other offer documents before making any investment decisions. Investment in securities is subject to market risks. Readers should carefully consider the risk factors disclosed in the RHP before investing. The information contained herein is based on the information provided in the applicable offer documents and is subject to the terms and disclosures contained therein.
Disclaimer: The information provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Readers should not rely on this content to make investment decisions. We strongly recommend consulting with a licensed financial advisor or conducting your own due diligence before making any financial commitments.
1 September 2026
Get the latest issue of Outlook Business
