Om Galaxy IPO: Company To Raise ₹105 Crore Via BSE SME Issue
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Om Galaxy plans to raise ₹105 crore through an IPO on BSE SME, offering 1.17 crore equity shares at ₹85-₹90 apiece. The issue opens for subscription on Thursday.
Om Galaxy, a precision mould design, development and manufacturing company, plans to raise ₹105 crore through an initial public offering (IPO) on the Bombay Stock Exchange (BSE) SME platform.
The company will offer 1.17 crore equity shares in a price band of ₹85-₹90 per share. The IPO is scheduled to open for subscription on Thursday, 10 September 2026, and close on 15 September.
Indorient Financial Services is the book-running lead manager for the issue, while Bigshare Services has been appointed as the registrar.
What Will Om Galaxy Use The IPO Proceeds For?
The company plans to use the net proceeds from the IPO mainly for capital expenditure. This includes setting up a new manufacturing unit to consolidate its existing manufacturing facilities and expand production capacity.
Part of the proceeds will also be used to repay debt, with the remaining amount allocated towards general corporate purposes.
According to the Chairman and Managing Director Opindersingh Bachattarsingh Baddhan, the consolidation of manufacturing units, capacity expansion and reduction in borrowings are expected to improve operational efficiency.
What Does Om Galaxy’s Business Include?
Om Galaxy operates in precision mould design, development and manufacturing. The company has built tooling capabilities across pipe fitting, industrial and automotive moulds.
It has also added in-house hot runner system capabilities through Infuse HRS and expanded into consumer cleaning products through its WONDRA business.
Indorient Financial Services Director Prashant Dhebar said Om Galaxy recorded consistent growth in FY26, supported by repeat business from an established customer base and healthy capacity utilisation across its facilities.
The proposed manufacturing consolidation, expansion in capacity and repayment of borrowings are expected to help the company participate in the growth of India's dies and moulds market.
Also Read - Bank Of Baroda To Offload Up To 35% Of Its NSE Holding Through Proposed IPO
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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