Om Galaxy IPO
IPO Open Now
₹2,72,000 / 3,200 shares
Price Range: ₹85 – ₹90 per share
Bidding Dates10 Sept, 2026 – 15 Sept, 2026
Min Investment₹2,72,000
Lot Size1,600
Issue Size₹105.00 Cr.
IPO Overview
IPO Subscription Details
Retail Subscription0.09x
Non-Institutional Buyers (sHNI)0.04x
Non-Institutional Buyers (bHNI)0.58x
Qualified Institutional Buyers (QIB)3.11x
Total Subscription1.02xOver-subscribed
IPO Timeline
IPO Offer Start10 Sept, 2026
IPO Offer Ends15 Sept, 2026
Allotment Finalisation16 Sept, 2026
Refund Initiation17 Sept, 2026
Listing of Shares18 Sept, 2026
IPO Analysis
Strengths
- The company is led by experienced promoters with 37, 30+ and 14+ years of experience in mould manufacturing. The collective management expertise in industry dynamics, customer requirements, and operational execution has contributed to business development and growth.
- The company has expanded from manufacturing moulds of 400-600 mm dimensions to intricate, large-scale moulds of up to 64 cavities weighing up to 6-7 tons. The company manufactures moulds for multiple industries and has diversified into automotive (2019), HRS (2021), and cleaning products under 'WONDRA' brand (Fiscal 2025).
- The company maintains strong customer relationships with 75.60% revenue from repeat customers in Fiscal 2026. The company has 114 repeat customers out of 211 total customers, demonstrating customer loyalty and recurring business generation.
Risks
- The company is substantially dependent on its top 10 customers, who represented 73%, 84%, and 84% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The company does not have long-term binding agreements with all customers, making it vulnerable to order reductions or customer loss.
- The company depends on a limited number of suppliers for key raw materials, with top 10 suppliers representing 49%, 69% and 59% of total purchases in Fiscals 2026, 2025 and 2024, respectively. The company has no definitive agreements with suppliers, creating supply chain vulnerability.
- The company proposes to set up a New Manufacturing Unit requiring substantial capital outlay and involves execution and relocation risks. Any delays in implementation, stabilization or obtaining approvals may adversely affect business continuity and operations.
Objects of the Issue
The company proposes to set up a New Manufacturing Unit to consolidate operations from four existing manufacturing units into a single location and expand production capacity. This includes land acquisition, construction of factory building, and purchase of machinery and equipment to enhance manufacturing capabilities and operational efficiency.
The company intends to utilize funds towards repayment and/or pre-payment of certain existing borrowings to reduce overall indebtedness, strengthen financial position, result in savings in interest costs, improve debt-equity ratio, and enhance cash flow management.
The company proposes to utilize funds for meeting business requirements and contingencies, including funding short-term working capital requirements, meeting operating and administrative expenses, payment of statutory dues, servicing of borrowings, and marketing initiatives.
Yearly Financial Results
Consolidated — ₹ Crores
| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 104.56 | 112.66 | 124.00 |
| Expenses | 80.52 | 83.77 | 91.86 |
| Other Income | 0.56 | 0.47 | 0.68 |
| Total Revenue | 105.12 | 113.13 | 124.68 |
| Profit Before Tax | 16.01 | 21.64 | 22.34 |
| Net Profit | 12.04 | 15.92 | 16.64 |
Balance Sheet
Consolidated — ₹ Crores
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Total Assets | 117.49 | 142.81 | 175.31 |
| Current Assets | 75.06 | 88.30 | 83.96 |
| Fixed Assets | 42.44 | 54.51 | 91.35 |
| Total Equity & Liabilities | 117.49 | 142.81 | 175.31 |
| Total Liabilities | 67.31 | 76.33 | 92.07 |
| Current Liabilities | 50.51 | 61.72 | 70.15 |
| Non Current Liabilities | 16.80 | 14.61 | 21.92 |
| Total Equity | 50.19 | 66.48 | 83.24 |
Cash Flow
Consolidated — ₹ Crores
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Net Cash Flow | 0.28 | 0.23 | 0.86 |
| Investing Activities | -5.28 | -18.08 | -44.33 |
| Operating Activities | 3.43 | 26.77 | 35.03 |
| Financing Activities | 2.13 | -8.47 | 10.16 |
About Om Galaxy
Om Galaxy Limited is engaged in the design, development and manufacturing of pipe fitting moulds and industrial moulds catering to building materials (primarily pipes, fittings, sanitaryware) and plastic & polymer processing industry for the past 17 years. The company also manufactures automotive moulds through its subsidiary OMG Auto Mould Private Limited.
Documents
Source: DRHP
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