Om Galaxy is launching a ₹105 crore initial public offering on the BSE SME platform with a price band of ₹85 to ₹90 per share. The subscription window is open from September 10 to September 15, 2026. The company plans to use the funds to build a new manufacturing facility and reduce its debt.
Om Galaxy, a company specializing in the design and manufacturing of precision moulds, is set to enter the public market. The firm has announced a ₹105 crore initial public offering (IPO) on the BSE SME platform. The subscription period for the issue is scheduled to start on September 10, 2026, and will remain open until September 15, 2026.
The price band for the IPO has been fixed between ₹85 and ₹90 per share. Retail investors interested in participating must apply for a minimum lot size of 1,600 shares, which requires a minimum investment of ₹2,88,000 at the upper price band. The company’s shares are tentatively set to list on the BSE SME exchange on September 18, 2026.
Financial performance for the fiscal year 2026 indicates that the company generated revenue of ₹124.68 crore, with a profit of ₹16.64 crore. The management plans to deploy the proceeds from this IPO toward establishing a new manufacturing facility. The objective of this project is to consolidate the firm's current manufacturing sites, which are spread across different locations, to improve operational efficiency. Additionally, a portion of the funds raised will be allocated to the partial repayment of existing debt, which is intended to strengthen the company’s financial position.
Beyond its core business of precision moulds for the automotive and pipe-fitting sectors, Om Galaxy also manages its own brand, WONDRA, which focuses on consumer cleaning products. While the company is expanding, investors should remain aware of certain business risks. One primary risk involves the execution of the new manufacturing unit. Any delays or cost increases in setting up this facility could impact the company's growth plans.
Furthermore, the business relies significantly on the pipe-fitting mould market, meaning any slowdown in that sector could affect demand for its products. The company also depends on a limited number of suppliers for raw materials, and the absence of long-term agreements could lead to supply chain challenges. Additionally, as this is an SME listing, investors should note that these stocks often carry higher liquidity risks, which means trading volumes can be lower compared to companies listed on the main board of the exchanges. The key monitorable for investors will be the company's ability to successfully execute its expansion projects and manage its debt levels post-listing.