Om Galaxy shares are currently trading at ₹90.05 on the BSE, representing a 0.05% premium to the issue price of ₹90. According to latest market data from Upstox, the stock opened at ₹90.20 compared to its previous close of ₹90.00. The counter has seen significant trading activity with the stock moving in a range of ₹85.75 to ₹90.20 during the session, with an average price of ₹87.97 for the day.
The company's IPO was subscribed 2 times and opened for bidding on 10 September 2026, closing on 15 September 2026. As reported by Business Standard, the price band was set between ₹85 - ₹90 per share, with the issue comprising a fresh issue of 83,45,600 equity shares. Ahead of the public offering, Om Galaxy raised ₹29.88 crore from anchor investors on 9 September 2026, allotting 33.21 lakh shares at ₹90 each to 12 anchor investors.
According to Business Standard, the company plans to utilize the net proceeds from the IPO for capital expenditure for setting up a new manufacturing unit and consolidating existing manufacturing facilities. The allocation includes approximately ₹74.66 crore for the new manufacturing unit and capacity expansion, ₹14 crore for repayment/prepayment of certain borrowings, and the balance of about ₹16.34 crore for general corporate purposes. This expansion strategy aims to increase production capacity across the company's operations.
As reported by Business Standard, Om Galaxy operates in the design, development and manufacturing of pipe-fitting and industrial moulds, automotive moulds, Hot Runner Systems (HRS) and cleaning products. The company serves industries including building materials, plastics and polymers, automobiles, auto components, industrial and engineering sectors, marketing cleaning products under the WONDRA brand. The company recorded revenue from operations of ₹124.68 crore and net profit of ₹16.64 crore for the financial year ended 31 March 2026, with 585 permanent employees as of March 2026.
