Om Galaxy IPO
Om Galaxy LtdSME
This IPO has listed.
- Open date
- 10 Sep 2026
- Close date
- 15 Sep 2026
- Min. Investment
- ₹2,88,000
- Lot Size
- -
- Fresh Issue
- ₹105.00 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers5.37x
- Non-Institutional Investors1.05x
- Retail-Individual Investors0.62x
- Total2.00x
Schedule
- Completed: IPO open date10 Sep 2026
- Completed: IPO close date15 Sep 2026
- Completed: Allotment date16 Sep 2026
- Completed: Funds unblock or debit17 Sep 2026
- Completed: Tentative listing date18 Sep 2026
About
Promoter shareholding in Om Galaxy Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Opindersingh Bachattarsingh Ba | 89,24,112 | 40.18% | 89,24,112 | 26.34% |
| Jyothish Rajamohanan Nambiar | 55,49,808 | 24.99% | 55,49,808 | 16.38% |
| Sathyapalan Ayadathil Poyil | 33,40,800 | 15.04% | 33,40,800 | 9.86% |
| Gagandeep Opinder Singh Baddha | 11,63,388 | 5.24% | 11,63,388 | 3.43% |
| Meena O Baddhan | 32,32,692 | 14.55% | 32,32,692 | 9.54% |
| Monika Kaur Gagandeep Singh B | 12 | 0.00% | 12 | 0.00% |
| Sajitha Jyothish | 12 | 0.00% | 12 | 0.00% |
Financials of Om Galaxy IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 104.56 | 112.66 | 124.00 |
| Total Expenses | 89.67 | 92.03 | 102.92 |
| Profit Before Tax | - | - | - |
| Total Profit | 11.79 | 15.28 | 16.00 |
Om Galaxy IPO Strengths & Risks
- Experienced Promoters, Directors and senior management team.
- Diversified Product Portfolio encompassing moulds, HRS and cleaning product supported by in-house design and manufacturing capabilities.
- Long standing relationships with established clientele leading to recurring business.
- Integrated Product Offering through In-house Hot Runner Systems Capability.
- Unique positioning in the moulds manufacturing industry.
- Risks Relating to the Business: A substantial portion of the company's Revenue from Operations is dependent on its top 10 customers. 73%, 84%, and 84% of the company's revenue from operations was derived from its top 10 customers in Fiscals 2026, 2025 and 2024, respectively. As the company does not have long-term binding agreements with all its customers, any reduction in orders from, or loss of, any of the company's major customers could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company depends on a limited number of suppliers for procurement of its key raw materials required for the company's manufacturing operations, and purchases from its top 10 suppliers represented 49%, 69% and 59% of the company's total purchases of raw materials in Fiscals 2026, 2025 and 2024, respectively. As the company does not have definitive agreements with its suppliers, any interruption in the availability of raw material on account of any disruption, breakdown or shutdown of the company's suppliers' operations could adversely impact its operations and may have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: A significant portion of the company's revenue from operations is derived from the pipe fittings mould business, and any decline in demand for such moulds or loss of customers in this segment could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Setting up a New Manufacturing Unit and consolidating the existing Manufacturing Units into the New Manufacturing Unit requires substantial capital outlay and involves execution and relocation risks; any delays in implementation, stabilization or obtaining approvals, or inability to secure required resources, may adversely affect business continuity, operations, financial condition and results of operations.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Risks Relating to the Business: An increase in the cost of or a shortfall in the availability of raw materials from the company's suppliers due to various reasons could have a material adverse effect on its business, results of operations, cash flows and financial condition as the company may not be able to pass on such costs to its customers.
- Risks Relating to the Business: The existing Manufacturing Units and the New Manufacturing Unit of the Company along with its Subsidiaries are concentrated in the State of Maharashtra, India. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in the State of Maharashtra where the company and its Subsidiaries manufacturing units are located could have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: Certain documents executed by the erstwhile owners for transferring the Manufacturing Unit-II in the name of the Company have not been registered.
- Risks Relating to the Business: The company's Statutory Auditor has included a qualification in their examination report on the Restated Consolidated Financial Information. Any such modification or qualification in the examination report on its audited financial statements in the future may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is unable to trace some of the secretarial records of its for past periods and there have been instances of discrepancies/errors/delayed filings and statutory non-compliances in the past, and the company has remained non-compliant with the applicable laws for a certain period in the past. Its cannot assure you that no legal proceedings or regulatory actions will be initiated against the Company in the future in relation to these matters, which may impact its financial condition and reputation.
- Risks Relating to the Business: The company's business is dependent on the experience and expertise of its Promoters, Directors, Key Managerial Personnel and Senior Management, and the company's inability to retain or attract such personnel may adversely affect its business and operations.
- Risks Relating to the Business: Failures to attract and retain qualified and experienced employees could result in a loss of clients which in turn could cause a decline in the company's revenue and future growth.
- Risks Relating to the Business: The company's Manufacturing Units, including those of its Subsidiaries, are critical to the company's business operations. Any unexpected shutdown or slowdown of operations at any of its manufacturing units could have a material adverse effect on the company's business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company has not placed orders in relation to purchase of machinery and equipment. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the machinery and equipment in a timely manner, or at all, the same may result in time and cost over-runs.
- Risks Relating to the Business: A significant portion of the Net Proceeds will be utilized towards funding the company's New Manufacturing Unit, and any shortfall or cost overrun may result in funding gaps, adverse borrowing terms or incomplete project execution.
- Risks Relating to the Business: The company's entry into the B2C segment through its "WONDRA" branded cleaning products, as part of the company's forward integration strategy, exposes it to risks associated with a new line of business in which the company has limited experience.
- Risks Relating to the Business: The company "WONDRA" branded cleaning products business has reported negative EBITDA of Rs. 70.46 Lakhs for the Fiscal 2026 and may continue to incur loses, which could adversely affect its consolidated financial performance.
- Risks Relating to the Business: Some of the immediate relatives of the company's Promoters, who are deemed to be a part of the Promoter Group under SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed in relation to a member of the Promoter Group in this Red Herring Prospectus.
- Risks Relating to the Business: The company's business operations are subject to various statutory and regulatory approvals, and any failures to obtain, renew or maintain such approvals may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The logo used by the Company is not registered under the Trade Marks Act, 1999. Failures to protect its intellectual property rights may adversely affect the company's competitive business position, financial condition and profitability.
- Risks Relating to the Business: Instances of delay or non-compliance in payment and filing of statutory dues and returns under applicable laws could have an adverse impact on the company's business, financial condition and reputation.
- Risks Relating to the Business: The company has entered into, and will continue to enters into, related party transactions that may involve conflicts of interest and its cannot assure you that such transactions will not have an adverse effect on the company's results of operation and financial condition.
- Risks Relating to the Business: The company has certain contingent liabilities on a restated consolidated basis, which, if they materialize, may adversely affect its results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's existing borrowings are subject to certain restrictive covenants and repayment obligations, and any inability to comply with repayment obligations and/or other covenants in its financing agreements could adversely affect the company's business and financial condition.
- Risks Relating to the Business: As of March 31, 2026 the company's debt-to-equity ratio is 0.47. Any inability to maintain the debt-to-equity ratio could materially and adversely affect its business operations, results of operations and financial condition.
- Risks Relating to the Business: The company's Promoters have provided personal guarantees and some of its Promoter and Promoter Group have provided security over immovable properties for certain loan facilities availed by the Company and its Subsidiary Company, OMG Auto Mould Private Limited, and any default by the company could result in enforcement actions against them, which may adversely affect its business and operations.
- Risks Relating to the Business: There are outstanding legal proceedings against the Company, Promoters, Directors. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: An employee of the Company has filed a complaint before SEBI seeking an investigation into the disclosures made by the Company in the Issue Documents in connection with the Issue. Any adverse outcome in relation to such complaint, or any similar employment-related disputes that may arise in the future, could adversely affect the company's reputation, business and the financial conditions.
- Risks Relating to the Business: The company's Registered Office and majority of its Manufacturing Units are located on leased properties. There can be no assurance that these lease agreements shall be renewed upon termination or that the company shall be able to obtain other premises on lease on same or similar commercial terms, which could adversely affect its business, results from operations, financial conditions and cash flows.
- Risks Relating to the Business: Any changes in international trade policies and increased trade tariffs including possibility of economic or trade sanctions by the U.S. could adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company is subject to strict quality requirements, regular inspections by its customers, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's insurance policies may not be adequate to cover all losses incurred in its business. The company's inability to maintain adequate insurance cover to protect it from material adverse incidents in connection with the company's business may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: If the Company is unable to collect its receivables from, or bill the company's unbilled services to, its clients, the company's results of operations and cash flows could be materially adversely affected.
- Risks Relating to the Business: The company's ability to develop new mould designs and improve its tooling and manufacturing processes is important to remain competitive. Any failures to do so may adversely affect the company's business and results of operations.
- Risks Relating to the Business: The company faces competition from national and local manufacturers and its inability to compete effectively may have a material adverse impact on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's exposure to foreign currency fluctuations is currently not material; however, there can be no assurance that such exposure will remain insignificant in the future.
- Risks Relating to the Business: The company's business requires working capital. Any failures in arranging adequate working capital for its operations may adversely affect the company's business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: Certain portion of the company's revenue from operations is derived from exports to the North America, Asia and Africa and any adverse developments in these markets could adversely affect its business.
- Risks Relating to the Business: The Company is dependent on third party transportation providers, with whom the company has no formal arrangements, for the delivery of its finished goods and any disruption in their operations or a decrease in the quality of their services or an increase in the transportation costs could adversely affect the Company's reputation and results of operations.
- Risks Relating to the Business: The company's inability to adequately protect its technical know-how, design capabilities and proprietary information may adversely affect the company's competitive position and business.
- Risks Relating to the Business: The company's inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company's business.
- Risks Relating to the Business: Activities involving the company's manufacturing process can cause injury to people in certain circumstances. A significant disruption at any of its production units may adversely affect the company's production schedules, costs, revenue and ability to meet customer demand.
- Risks Relating to the Business: The company's inability to accurately forecast demand for its products, and accordingly manage the company's inventory, may have an adverse effect on its business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: Its industry is labour intensive and the company's business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company's suppliers.
- Risks Relating to the Business: Information relating to the installed capacity, actual production and capacity utilization of the company's Manufacturing Units included in this Red Herring Prospectus is based on various assumptions and estimates and capacity may vary.
- Risks Relating to the Business: If the company fails to effectively implement its production schedules, the company's business and results of operations may be materially and adversely affected.
- Risks Relating to the Business: The company does not have directly comparable listed peers in India, which may make it difficult for investors to assess its industry position and performance against other listed companies.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: The company's employees may engage in misconduct or other improper activities, including noncompliance with regulatory standards and requirements.
- Risks Relating to the Business: Increasing employee compensation in India may erode some of the company's competitive advantage and may reduce its profit margins, which may have a material adverse effect on the company's business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company's ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Risks Relating to the Business: The company does not have an information security and disaster recovery system in place. Further any failures or disruption of its IT systems may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
- Risks Relating to the Business: The Objects of the Issue, and the proposed fund deployment, are based on management estimates and have not been appraised by any bank, financial institution or independent agency, which may affect the effective utilization of the Net Proceeds.
- Risks Relating to the Business: The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- Risks Relating to the Business: After the completion of the Issue, the company's Promoters will continue to collectively hold substantial shareholding in the Company.
- Risks Relating to the Business: If the company is unable to establish and maintain an effective internal controls and compliance system, its business and reputation could be adversely affected.
- Risks Relating to the Business: The company's Directors may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- Risks Relating to the Business: The company's future fund requirements, in the form of further issue of capital or securities and/or loans taken by the company, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
- Risks Relating to the Business: None of the company's directors have prior experience of directorship in any of companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company post listing.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which may be material to the financial statements prepared and presented in accordance with Indian GAAP contained in this Red Herring Prospectus.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus contain information from the Ken Research Report which the company commissioned and purchased and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Risks Relating to the Business: The company has included certain Non-GAAP Measures in this Red Herring Prospectus that may vary from any standard methodology that is applicable across the industries in which its operates and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
- Risks Relating to the Business: The requirements of being a listed company may strain its resources and impose additional requirements.
