Om Galaxy IPO

SME • BSE SME • Fresh capital only

LISTEDSMEBSE SME

Om Galaxy

Price band

₹85 – ₹90

Lot size

1600 shares

Min investment

₹1,44,000

Issue size

₹105 Cr

About the company

Om Galaxy Ltd was started in 2008. It designs, develops and manufactures moulds and related products. A mould is the metal tool inside which plastic parts are formed, so the company is a supplier to other manufacturers rather than a consumer products company. Its range covers moulds for pipes and fittings, industrial moulds, automotive moulds, Hot Runner Systems and cleaning products. A Hot Runner System is the heated channel that carries molten plastic into the mould, and making these in house lets the company supply a complete moulding solution rather than only the tool. As on 30 June 2026 it had 77 SKUs under its brand WONDRA. Its products are used in building materials such as pipes, fittings and sanitaryware, in plastics and polymer processing, in automotive and auto components, and in general industrial and engineering work. The company and its subsidiaries operate from Vasai in Palghar district and from Pune, both in Maharashtra, and it has seven manufacturing units, all in Maharashtra. Apart from selling in India it exports to North America, Asia and Africa. As on 30 June 2026 it had an order book of about Rs 94.42 crore.

Om Galaxy Ltd designs and manufactures pipe fitting and industrial moulds, automotive moulds, Hot Runner Systems and cleaning products under its WONDRA brand, with 77 SKUs as on 30 June 2026. It runs seven manufacturing units in Maharashtra and had an order book of about Rs 94.42 crore.

IPO details

Issue price: ₹90
Price band: ₹85 – ₹90
Face value: ₹5
Lot size: 1600
Min investment: ₹1,44,000
Issue size: ₹105 Cr
Sale type: Fresh capital only
Listing on: BSE SME
BSE scrip code: 7960
NSE symbol: OMG.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,600	₹1,44,000
Retail (Max)	1	1,600	₹1,44,000
HNI (Min)	2	3,200	₹2,88,000

Investor reservation

CATEGORY	RESERVED
QIB	55,37,600 shares (49.96% of the Offer)
NII	16,64,000 shares (15.01% of the Offer)
Retail	38,81,600 shares (35.02% of the Offer)

Objects of the issue

1Capital Expenditure towards setting up a New Manufacturing Unit for consolidation of the Company’s existing manufacturing units and expansion of its production capacities74.66

2Pre-payment/ repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company14.00

3General Corporate Purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	175.31	142.81	117.49
Total Income	124.68	113.13	105.12
Profit After Tax	16.64	15.92	12.04
EBITDA	32.82	29.36	24.60
NET Worth	80.90	66.01	49.89
Reserves and Surplus	69.80	62.93	47.30
Total Borrowing	37.79	25.13	32.07

Key performance indicators

P/E Ratio

18.33

EPS (₹)

4.91

RoCE

20.39%

RoNW

22.13%

PAT Margin

13.42%

✓ Strengths

• Profit has grown every year, from Rs 12.04 crore in FY2024 to Rs 15.92 crore in FY2025 and Rs 16.64 crore in FY2026.

• The margin is healthy for an engineering business, with a PAT margin of 13.42%, RoNW of 22.13% and RoCE of 20.39%.

• EBITDA improved from Rs 24.60 crore in FY2024 to Rs 32.82 crore in FY2026.

• The order book of about Rs 94.42 crore as on 30 June 2026 is large against total income of Rs 124.68 crore in FY2026, so a good part of the coming year is already booked.

• Making Hot Runner Systems in house lets it offer a complete moulding solution, which most standalone mould makers cannot.

• The product range is diversified across pipe fittings, industrial moulds, automotive moulds and cleaning products, with 77 SKUs under the WONDRA brand.

• It exports to North America, Asia and Africa alongside its Indian sales.

• Net worth has grown from Rs 49.89 crore in FY2024 to Rs 80.90 crore in FY2026.

⚠ Risks

• Growth has slowed sharply. Total income rose 10% in FY2026 and profit after tax rose only 5%, from Rs 15.92 crore to Rs 16.64 crore.

• Borrowing went up about 50% in one year, from Rs 25.13 crore in FY2025 to Rs 37.79 crore in FY2026.

• All seven manufacturing units are in Maharashtra, so the company is concentrated in one state for its entire production.

• Moulds are capital goods. Customers buy them when they are expanding or launching a new product, so orders dry up quickly when customer capital spending slows.

• Rs 74.66 crore of the Rs 105 crore issue goes into a single new manufacturing unit meant to consolidate the existing ones. That is a large bet on one project, with execution risk and a gap before the new capacity earns.

• A large part of demand comes from the building materials trade, through pipes, fittings and sanitaryware, which follows the construction cycle.

• Promoter holding will come down from 100% to 65.56% after the issue.

• This is an SME issue. One lot is 1,600 shares, which is Rs 1.44 lakh at the upper band of Rs 90, and SME shares usually trade in low volume after listing.

Promoters & holding

Opindersingh Bachattarsingh Baddhan, Jyothish Rajamohanan Nambiar, Sathyapalan Ayadathil Poyil, Gagandeep Opinder Singh Baddhan and Meena O Badhhan

Pre-issue promoter holding

100%

Post-issue promoter holding

65.56%

Data refreshed 07 Nov 2026, 04:58 pm IST. GMP is unofficial market sentiment, not investment advice.