Om Galaxy IPO Makes Flat Debut, Lists at 0.22% Premium

Om Galaxy shares made a flat stock market debut on September 18, 2026, listing at ₹90.20 per share on the BSE. This represented a marginal premium of 0.22% over the IPO issue price of ₹90 per share.

The listing followed the company’s ₹105 crore IPO, which was open for subscription from September 10 to September 15, 2026. The issue was subscribed 2.07 times overall by the end of the bidding period.

Investor demand varied across categories. The Qualified Institutional Buyers (QIB) portion was subscribed 5.37 times, while the Non-Institutional Investors (NII) category was subscribed 1.07 times. The Retail Individual Investors (RII) portion received 0.62 times subscription.

Established in 2008, Om Galaxy Limited designs, develops and manufactures pipe fittings, industrial moulds, automotive moulds, Hot Runner Systems (HRS) and cleaning products. As of June 30, 2026, the company had 77 products marketed under its WONDRA brand.

Om Galaxy IPO Listing Details

Om Galaxy launched its ₹105 crore IPO through a fresh issue of equity shares with a face value of ₹5 each. The IPO price band was fixed at ₹85 to ₹90 per share.

The bidding window opened on September 10 and closed on September 15, 2026. The basis of allotment was scheduled for September 16, followed by refunds on September 17 and listing on September 18, 2026.

The IPO received an overall subscription of 2.07 times. The QIB portion was subscribed 5.37 times, the NII portion 1.07 times and the retail portion 0.62 times.

Om Galaxy subsequently made its stock market debut at ₹90.20 per share on the BSE against the IPO issue price of ₹90, resulting in a listing premium of 0.22%.

• Issue Price: ₹90 per share
• BSE Listing Price: ₹90.20 per share
• BSE Listing Premium: 0.22%
• IPO Size: ₹105 crore
• Issue Type: Fresh Issue
• Price Band: ₹85 to ₹90 per share
• Face Value: ₹5 per share
• Overall Subscription: 2.07 times
• QIB Subscription: 5.37 times
• NII Subscription: 1.07 times
• Retail Subscription: 0.62 times
• IPO Open Date: September 10, 2026
• IPO Close Date: September 15, 2026
• Allotment Date: September 16, 2026
• Refund Date: September 17, 2026
• Listing Date: September 18, 2026
• Exchange: BSE

First-Day Trading Performance

Listing Price: Om Galaxy share price debuted at ₹90.20 per share on the BSE against the IPO issue price of ₹90, resulting in a marginal listing premium of 0.22%.

The stock opened ₹0.20 above the upper end of the IPO price band, resulting in a largely flat market debut for IPO investors.

The listing followed the company’s ₹105 crore IPO, which received an overall subscription of 2.07 times by the end of the bidding period.

Among investor categories, demand was highest from Qualified Institutional Buyers, whose portion was subscribed 5.37 times. The Non-Institutional Investor category was subscribed 1.07 times, while the Retail Individual Investor portion was subscribed 0.62 times.

The listing performance indicated that Om Galaxy entered the secondary market close to the price at which shares were allotted to IPO investors.

Growth Drivers and Challenges

Growth Drivers

Diversified Product Portfolio: Om Galaxy designs and manufactures pipe fittings, industrial moulds, automotive moulds, Hot Runner Systems and cleaning products, providing exposure to multiple product categories.

WONDRA Brand: As of June 30, 2026, the company had 77 products marketed under its WONDRA brand, supporting its presence across different end-use segments.

Multiple End-Use Industries: The company’s products are used across building materials, plastics and polymers, automobiles and auto components, and industrial engineering.

Customer Relationships: Om Galaxy has established long-term relationships with customers, which can support repeat business and continuity in orders.

Manufacturing Expansion: The company plans to use part of the IPO proceeds to establish a new manufacturing unit, consolidate its existing manufacturing operations and expand production capacities.

Challenges

Manufacturing Execution: Setting up and transitioning operations to a new manufacturing unit requires timely execution and effective management of capital expenditure.

Industry Demand: Demand for the company’s products is linked to activity across industries such as automobiles, building materials, plastics and industrial engineering.

Raw Material Exposure: Manufacturing operations may be affected by changes in the prices and availability of key raw materials and components.

Customer Dependence: While long-term customer relationships support repeat business, changes in demand from key customers could affect operations.

Competitive Environment: Om Galaxy operates across manufacturing segments that face competition from domestic and other industry participants.

Utilisation of IPO Proceeds

Om Galaxy’s ₹105 crore IPO comprised a fresh issue of equity shares.

The company proposes to utilise a portion of the net proceeds towards capital expenditure for setting up a new manufacturing unit. The facility is intended to consolidate the company’s existing manufacturing units and expand its production capacities.

A portion of the proceeds will also be used towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company.

The remaining proceeds are intended to be utilised for general corporate purposes.

The key proposed uses of the IPO proceeds include:

• Capital expenditure for setting up a new manufacturing unit
• Consolidation of existing manufacturing units and expansion of production capacities
• Prepayment or repayment of certain outstanding borrowings
• General corporate purposes

Business and IPO Overview

Established in 2008, Om Galaxy Limited designs, develops and manufactures pipe fittings, industrial moulds, automotive moulds, Hot Runner Systems and cleaning products.

As of June 30, 2026, the company had a portfolio of 77 products marketed under its WONDRA brand.

Its products cater to various industries, including building materials, plastics and polymers, automobiles and auto components, and industrial engineering.

The company is supported by experienced promoters, directors and senior management and has established long-term relationships with customers that contribute to repeat business.

Om Galaxy entered the public markets through a ₹105 crore fresh issue. The IPO opened on September 10 and closed on September 15, 2026, with a price band of ₹85 to ₹90 per share.

The IPO received an overall subscription of 2.07 times. The QIB portion was subscribed 5.37 times, the NII category 1.07 times and the retail portion 0.62 times.

Om Galaxy made a largely flat stock market debut on September 18, 2026. Shares listed at ₹90.20 on the BSE against the IPO issue price of ₹90 per share, representing a marginal listing premium of 0.22%.