GMP IPO Watch
Om Galaxy Limited is coming up with an SME IPO to raise around ₹105 crore through a fresh issue. The company operates in the mould manufacturing and industrial products space, serving industries such as building materials, plastics and polymers, automotive and industrial engineering.
The IPO is scheduled to open on September 10, 2026 and close on September 15, 2026. The shares are proposed to list on the BSE SME platform on September 18, 2026.
| Particular | Details |
|---|---|
| IPO Name | Om Galaxy IPO |
| IPO Date | 10–15 Sep 2026 |
| Listing Date | 18 Sep 2026 |
| IPO Type | Book Built Issue |
| IPO Size | ₹105 Cr |
| Price Band | ₹85–₹90 |
| Lot Size | 1,600 Shares |
| Min. Investment | ₹2,88,000 |
| Face Value | ₹5 |
| Issue Type | Fresh Issue |
| Listing | BSE SME |
| Registrar | Bigshare Services |
| Lead Manager | Indorient Financial Services |
Om Galaxy IPO GMP Today
As of the latest available update, Om Galaxy IPO GMP is ₹0. At the upper price band of ₹90, this indicates an estimated listing price of around ₹90 based purely on the current grey-market indication.
GMP is an unofficial and unregulated market indicator, so investors should not treat it as a guaranteed listing price. The premium can change during the IPO period depending on market sentiment and demand.
| Particular | GMP |
|---|---|
| IPO Price | ₹90 |
| Current GMP | ₹0 |
| Estimated Listing | ₹90 |
| Estimated Gain | ₹0 |
| GMP Status | Flat |
Om Galaxy IPO Dates and Timeline
Investors can apply for the Om Galaxy IPO between September 10 and September 15. The basis of allotment is expected on September 16, followed by refunds and demat credit on September 17. The shares are scheduled to begin trading on September 18, 2026.
| Event | Date |
|---|---|
| IPO Opens | 10 Sep 2026 |
| IPO Closes | 15 Sep 2026 |
| Allotment | 16 Sep 2026 |
| Refund | 17 Sep 2026 |
| Demat Credit | 17 Sep 2026 |
| Listing | 18 Sep 2026 |
Om Galaxy IPO Lot Size and Investment
The IPO lot size is 1,600 shares. At the upper price of ₹90, one lot requires ₹1,44,000. However, the minimum retail application is reported as two lots, or 3,200 shares, taking the minimum retail investment to ₹2,88,000.
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,88,000 |
| 1 Lot Value | 1 | 1,600 | ₹1,44,000 |
| HNI Minimum | 3 | 4,800 | ₹4,32,000 |
Om Galaxy Company Business
Om Galaxy Limited was incorporated in 2008 and is engaged in the design, development and manufacturing of pipe fitting moulds, industrial moulds, automotive moulds and Hot Runner Systems. It also operates a cleaning-products business under its WONDRA brand.
The company's products are used across building materials, including pipes, fittings and sanitaryware, as well as plastics and polymer processing, automotive and auto components, and industrial and engineering applications. As of June 30, 2026, the company had 77 SKUs under the WONDRA brand.
The company operates manufacturing facilities in Maharashtra, with its operations spread across locations including Vasai and Pune. It also serves customers in international markets including North America, Asia and Africa.
Om Galaxy IPO Financial Performance
Om Galaxy has reported steady growth in revenue and profit over the last three financial years. Revenue increased from ₹105.12 crore in FY2024 to ₹113.13 crore in FY2025 and further to ₹124.68 crore in FY2026.
Profit after tax also improved from ₹12.04 crore in FY2024 to ₹15.92 crore in FY2025 and ₹16.64 crore in FY2026. The company's net worth increased to ₹80.90 crore in FY2026.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹105.12 Cr | ₹12.04 Cr |
| FY2025 | ₹113.13 Cr | ₹15.92 Cr |
| FY2026 | ₹124.68 Cr | ₹16.64 Cr |
FY2026 EBITDA was reported at ₹32.82 crore, compared with ₹29.36 crore in FY2025. Total borrowings stood at ₹37.79 crore at the end of FY2026.
Om Galaxy IPO Subscription Status
The IPO has attracted institutional interest, although retail participation has remained comparatively lower in the early subscription period. On the second day, Moneycontrol reported overall subscription of around 0.95x, with QIB bids considerably stronger than retail demand.
Subscription figures can change significantly on the final day, so investors should check the latest exchange or registrar data before making a decision.
Om Galaxy IPO Objects of the Issue
The company plans to use the IPO proceeds mainly for expanding and consolidating its manufacturing capabilities. A major portion is planned for setting up a new manufacturing unit and increasing production capacity.
Another portion will be used for repayment or prepayment of certain outstanding borrowings, while the remaining funds are intended for general corporate purposes.
| Use of Funds | Amount |
|---|---|
| New Manufacturing Unit & Capacity Expansion | ₹74.66 Cr |
| Debt Repayment / Prepayment | ₹14 Cr |
| General Corporate Purposes | Balance |
Om Galaxy IPO Strengths
Om Galaxy has several factors that may attract investors. The company has an established operating history, a diversified product portfolio and exposure to multiple industrial sectors.
Its WONDRA brand provides an additional product segment, while the proposed manufacturing expansion could improve capacity and operational scale. The company has also demonstrated consistent revenue and profit growth over the recent financial years.
Om Galaxy IPO Risks
The company operates in manufacturing segments where raw-material costs, industrial demand and competition can affect profitability. Its business is also dependent on customers across specific industrial applications, making order flow an important factor.
Investors should also consider the relatively high minimum investment required for an SME IPO. SME shares can experience lower liquidity after listing compared with mainboard companies, and the current GMP of ₹0 does not provide a positive grey-market signal.
Om Galaxy IPO Valuation
At the upper price band of ₹90, Om Galaxy's reported IPO valuation is approximately ₹305 crore, while the IPO price implies a P/E of roughly 18.3x based on available figures. The company reported FY2026 PAT of ₹16.64 crore.
The valuation should therefore be assessed alongside the company's earnings growth, manufacturing expansion plans, debt position and the performance of comparable SME companies rather than relying only on the GMP.
Om Galaxy IPO Review
Om Galaxy IPO Review: Neutral
Om Galaxy presents a business with an established manufacturing background, multiple industrial applications and improving financial performance. The proposed investment in a new manufacturing facility could provide additional capacity and support future growth.
However, the IPO currently has a ₹0 GMP, while the minimum retail investment of ₹2.88 lakh is relatively high. Investors should therefore focus on the company's fundamentals, valuation, subscription trend and post-listing liquidity rather than expecting listing gains based on GMP.
For investors comfortable with SME IPO risk, Om Galaxy may be worth tracking for its manufacturing expansion and financial growth, but the issue does not currently show a strong grey-market premium signal.
Om Galaxy IPO Key Highlights
- ₹105 crore SME IPO
- IPO opens from September 10 to September 15, 2026
- Price band of ₹85–₹90 per share
- Lot size of 1,600 shares
- Minimum retail application of 3,200 shares
- Minimum retail investment of ₹2.88 lakh
- Fresh issue with no OFS
- BSE SME listing
- FY2026 revenue of ₹124.68 crore
- FY2026 PAT of ₹16.64 crore
- FY2026 EBITDA of ₹32.82 crore
- Current GMP around ₹0
- New manufacturing facility planned from IPO proceeds
Om Galaxy IPO Conclusion
Om Galaxy IPO combines an established mould-manufacturing business with a planned capacity expansion and a growing WONDRA product portfolio. The company's revenue and profit have increased over the past three years, while a significant portion of the IPO proceeds is intended for manufacturing expansion and debt reduction.
At present, however, the grey market is showing no premium. Investors should therefore monitor the final subscription figures, valuation, financial performance and broader SME market conditions before taking an investment decision.
Disclaimer: The GMP is unofficial and can change at any time. IPO information and subscription figures may also change during the issue period. Investors should read the company's RHP and consider their own risk profile before investing.
