Negen funds acquire 8.66% stake in Om Galaxy via IPO
- Negen Undiscovered Value Fund and YR Investment Opportunities Fund acquired 8.66% of Om Galaxy Limited via IPO.
- The acquisition totals 2,932,800 fully paid-up equity shares allotted on September 18, 2026.
- NUVF holds 7.67% of the post-issue equity capital, while YRIOF holds 0.99%.
- The aggregate holding triggered a disclosure under SEBI Regulation 29(1).
- Om Galaxy's total equity capital rose to 338,78,024 shares following the issue.
*this image is generated using AI for illustrative purposes only.
Negen Undiscovered Value Fund (NUVF) and YR Investment Opportunities Fund (YRIOF) acquired an 8.66% stake in Om Galaxy Limited through its Initial Public Offer. The acquisition was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The acquisition involved 2,932,800 fully paid-up equity shares. NUVF received an allotment of 2,598,400 shares, representing a 7.67% post-issue holding, while YRIOF received 334,400 shares, accounting for 0.99%. Both funds are schemes of Negen Investment Trust, a Category III AIF managed by Negen Capital Services Private Limited.
What the Numbers Show
The aggregate acquisition of 8.66% exceeds the 5% threshold mandated for disclosure under SEBI takeover regulations. The entities acted as persons acting in concert (PAC), necessitating the aggregation of their holdings. Prior to this transaction, neither fund held any shares in the target company.
| Entity | Shares Acquired | Post-Issue Holding % |
|---|---|---|
| Negen Undiscovered Value Fund | 25,98,400 | 7.67% |
| YR Investment Opportunities Fund | 3,34,400 | 0.99% |
| Total | 29,32,800 | 8.66% |
The total equity share capital of Om Galaxy Limited increased from 222,10,824 shares pre-acquisition to 338,78,024 shares post-acquisition. The shares are listed on the BSE SME Exchange. The disclosure was filed on a prudential basis by Jigar Dinesh Shah, Director of Negen Capital Services Private Limited, on September 21, 2026.
Historical Stock Returns for Om Galaxy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.08% | -1.39% | -1.39% | -1.39% | -1.39% | -1.39% |
What is the strategic rationale behind Negen Capital's decision to invest in Om Galaxy Limited?
How might this significant stake influence Om Galaxy's governance and future business strategies?
Is there a possibility of Negen Capital increasing its stake beyond the current 8.66% in the near future?
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