Om Galaxy IPO
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Om Galaxy IPO details
Schedule of Om Galaxy
| Issue open date | 10 Sep 2026 |
| Issue close date | 15 Sep 2026 |
| UPI mandate deadline | 15 Sep 2026 (5 PM) |
| Allotment finalization | 16 Sep 2026 |
| Refund initiation | 17 Sep 2026 |
| Share credit | 17 Sep 2026 |
| Listing date | 18 Sep 2026 |
| Mandate end date | 30 Sep 2026 |
| Lock-in end date for anchor investors (50%) | 15 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Om Galaxy
Om Galaxy manufactures and supplies pipe fitting moulds, industrial moulds, automotive moulds, and hot runner systems for the building materials, plastics, polymer processing, and engineering industries. The company operates seven manufacturing units located in Maharashtra. A significant portion of its revenue is derived from the pipe fittings mould business, while it also serves the automotive sector through its subsidiary and manufactures hot runner systems. Recently, the company diversified its operations by forward integrating into the business-to-consumer segment with the launch of cleaning products under the WONDRA brand. The business model involves receiving an advance amount from customers upon approval of design specifications, with final payments collected after the completion and handover of the custom moulds. The company procures high-grade steel from domestic suppliers and relies on third-party logistics for product delivery.
Financials of Om Galaxy
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 105 |
| Fresh Issue – Proceeds go to the company | 105 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capex for new manufacturing unit and capacity expansion | 74.66 (71.1%) |
| Repayment or prepayment of certain borrowings | 14 (13.33%) |
| General corporate purposes | 16.34 (15.57%) |
Strengths
- Manufactures precision moulds for diverse industrial sectors.
- Expanding product portfolio with forward integration into B2C.
- Strategic consolidation of existing units to boost efficiency.
- Strong revenue base from the pipe fittings mould segment.
- Internal quality controls meet strict customer specifications.
Risks
- Top 10 customers contribute 73% of total revenue.
- Heavy reliance on a limited number of material suppliers.
- Significant revenue concentration in the pipe fittings sector.
- Execution and funding risks tied to the new facility.
- The new B2C cleaning products segment operates at a loss.