Om Galaxy IPO
ListedSMEPlastic products
2.07×
Subscribed
Price band
₹90 – ₹90
Lot size
1,600
1 lot = ₹1,44,000
Issue size
₹105 Cr
Open – close
10 Sept 2026
to 15 Sept 2026
Listing
18 Sept 2026
Listing gain
+0.22%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed5 of 7 dimensions read
A mixed but reasonable offering — 2 positive against 1 negative signals
Strength60/100
- Undemanding valuation12.5× earnings at the upper band, with no peer set published to compare against
- Slow revenue growthRevenue compounding at only 8.9%
- Adequate return on equityROE of 19.8%
- Conservative balance sheetDebt/equity of 0.47×
- Institutional book coveredQIB portion subscribed 5.37×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens10 Sept 2026
- Closes15 Sept 2026
- Allotment16 Sept 2026
- Listing18 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB5.37x
Non-institutionalNII / HNI1.07x
Big NIIabove ₹10L1.16x
Small NII₹2L – ₹10L0.88x
Retail individualRII0.62x
953 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 15 Sept 2026.
Chance of allotment
Retail0.62× subscribed
Full allotment
Minimum 2 lots · 3,200 shares · ₹2,88,000 blocked
The retail portion is under-subscribed at 0.62×, so every valid application should receive a full allotment.
HNI / NII1.07× subscribed
~1 in 1.1
Minimum 1 lot · 1,600 shares · ₹1,44,000 blocked
HNI is 1.07× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.1 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹90 – ₹90
Face value₹5
Lot size1,600shares
Minimum application₹1,44,000at cut-off
Total issue size₹105 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
P/E at upper band12.50×
EPS₹6.79pre-issue
Return on equity19.77%
Debt / equity0.47×
ROCE20.39%
RoNW22.13%
PAT Margin13.42%
EBITDA Margin26.33%
NAV35.94
Price to Book Value2.50
ISININE2D0Q01027
RegistrarBigshare Services Pvt Ltd
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 55,37,600 | 47.46% |
| Anchor Investor | 33,21,600 | 28.47% |
| QIB (Ex. Anchor) | 22,16,000 | 18.99% |
| NII (HNI) | 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 issue 1,16,67,200 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,88,0002 lots · 3,200 sh
Individual investors (IND) (Max)₹2,88,0002 lots · 3,200 sh
S-HNI (Min)₹4,32,0003 lots · 4,800 sh
S-HNI (Max)₹8,64,0006 lots · 9,600 sh
B-HNI (Min)₹10,08,0007 lots · 11,200 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted33,21,600
Anchor portion₹29.89 Cr
Bid date09 Sept 2026
Lock-in ends (50%)16 Oct 2026
Lock-in ends (rest)15 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Capital 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
- 02Pre-payment/ re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company₹14 Cr
- 03General Corporate Purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 104.557 | 24.599 | 11.794 | 49.129 | 32.066 |
| 2025 | 112.661 | 29.357 | 15.276 | 64.779 | 25.131 |
| 2026 | 124.001 | 32.821 | 15.997 | 80.902 | 37.789 |
Revenue CAGR 8.9%PAT CAGR 16.5%
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumA substantial portion of our Revenue from Operations is dependent on our top 10 customers, representing 73%, 84%, and 84% of revenue from operations in Fiscals 2026, 2025, and 2024, respectively. We generally do not have long-term or exclusive arrangements with most of our customers, and any reducti
mediumWe depend on a limited number of suppliers for procurement of key raw materials, with purchases from our top 10 suppliers representing 49%, 69%, and 59% of total purchases in Fiscals 2026, 2025, and 2024, respectively. As we do not have definitive agreements with our suppliers, any interruption in t
mediumOur continued engagement with major customers depends on our ability to maintain our relationships and remain a preferred supplier. Any reduction in orders from, or loss of, any of our major customers due to factors such as changes in their business strategies, financial position, supply chain diver
Positives the filing discloses (2)
Low leverage
Debt-to-equity of 0.47x.
Healthy return on equity
ROE of 19.8%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-1.0%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Green Asia Impexsame segment
1.0× sub+0.0%
Himalayan Solarsame segment
1.2× sub-17.5%
Bench Mark Infotechsame segment
96.0× sub+0.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Om Galaxy
Om Galaxy Limited designs, develops, and manufactures moulds, hot runner systems (HRS), and cleaning products. The company manufactures pipe fittings and industrial moulds for the building materials and plastics and polymer processing industries. Through its subsidiary OMG Auto Mould Private Limited, it manufactures automotive moulds for the automotive and auto components industry. In contrast, its subsidiary Infuse HRS Private Limited manufactures hot runner systems used in injection moulding processes. The company also manufactures cleaning products under the WONDRA brand, including mops, brushes, scrubbers, wipers, and brooms. Its products cater to industries such as building materials, plastics and polymer processing, automotive and auto components, and industrial and engineering applications. Om Galaxy, along with its subsidiaries, operates seven manufacturing units with a total area of 88,652.16 sq. ft. across Vasai in Palghar district and Pune, Maharashtra.
Founded 2008MD Mr Opindersingh Bachattarsingh BaddhanSector Plastic products
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Om Galaxy IPO subscribed?
Om Galaxy is subscribed 2.07× overall (QIB 5.37×, NII 1.07×, retail 0.62×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Bigshare Services Pvt Ltd.
What is the minimum investment in the Om Galaxy IPO?
One lot is 1,600 shares, so a retail application at the ₹90 cut-off price blocks ₹1,44,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
When is the Om Galaxy IPO allotment date?
Allotment is scheduled for 2026-09-16, with listing on 2026-09-18. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Bigshare Services Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.