Om Galaxy IPO Day 3: Subscribed 1.02x; QIBs lead at 3.11x

2 min read | Published on 14 Sept 2026, 11:21 AM |Updated on 14 Sept 2026, 12:23 PM

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Ritika DScanX News Team

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Key Highlights

Om Galaxy IPO is subscribed 1.02x on Day 3, crossing the fully subscribed mark.
Qualified Institutional Buyers (QIBs) lead demand with a 3.11x subscription.
Retail participation remains low at 0.09x, while NII (bHNI) stands at 0.58x.
The issue closes on 15-09-2026, with listing scheduled for 18-09-2026.

*this image is generated using AI for illustrative purposes only.

Om Galaxy IPO is subscribed 1.02 times on Day 3 of the subscription window. Qualified Institutional Buyers (QIBs) continue to lead the demand with a subscription multiple of 3.11x. The issue remains open until 15-09-2026.

Subscription Status

The Om Galaxy IPO has crossed the fully subscribed mark, standing at 1.02x as of the end of Day 3 trading on 14-09-2026. The momentum has been primarily driven by institutional investors, while retail and non-institutional participation has been relatively subdued.

Day	Date	QIB	NII (bHNI)	NII (sHNI)	Retail	Total
Day 1	10-09-2026	1.81x	0.03x	0.57x	0.04x	0.62x
Day 2	11-09-2026	3.11x	0.04x	0.58x	0.09x	1.02x
Day 3	14-09-2026	3.11x	0.04x	0.58x	0.09x	1.02x

Intra-day Timeline

Subscription figures remained static during the available reporting window on Day 3.

Time (IST)	QIB	NII (bHNI)	Retail	Total
11:15	3.11x	0.04x	0.09x	1.02x
12:15	3.11x	0.04x	0.09x	1.02x

Category-wise Breakdown

Qualified Institutional Buyers (QIB): This category is the clear leader, accounting for the bulk of the oversubscription with a 3.11x subscription. The demand stabilized at this level from Day 2 onwards.

Non-Institutional Buyers (NII):

High Net-worth Individuals (bHNI): Subscribed 0.58x.
Small High Net-worth Individuals (sHNI): Subscribed 0.04x.

Retail Investors: Retail participation stands at 0.09x, indicating limited individual investor interest so far.

Employees: The employee quota shows 0x subscription.

Offer Details

Price Band: ₹85.00000 - ₹90.00000
Issue Size: ₹272000 lakh - ₹500000 lakh
Minimum Bid Quantity: 3200 shares
Issue Open Date: 2026-09-10
Issue Close Date: 2026-09-15

What's Next

Allotment Date: 2026-09-16
Listing Date: 2026-09-18

About the Company

Om Galaxy Limited designs, develops, and manufactures pipe fitting moulds and industrial moulds for the building materials and plastic & polymer processing industries. Operating for 17 years, the company also produces automotive moulds through subsidiary OMG Auto Mould Private Limited, Hot Runner Systems via Infuse HRS Private Limited, and cleaning products under the brand 'WONDRA'. It operates seven manufacturing units in Vasai and Pune, Maharashtra.

Financial Highlights

The company reported consistent revenue growth over the last three fiscal years.

Metric (₹ crores)	FY 2024	FY 2025	FY 2026
Revenue from Operations	104.56	112.66	124.00
Total Profit	12.04	15.92	16.64
Total Assets	117.49	142.81	175.31

Objects of the Issue

Capital Expenditure: ₹74.66 crore for setting up a New Manufacturing Unit to consolidate operations and expand capacity.
Debt Repayment: ₹14.00 crore for pre-payment/re-payment of outstanding borrowings.
General Corporate Purposes: Funds for working capital requirements and contingencies.

Risk Factors

Customer Concentration Risk: Top 10 customers contributed 84% of revenue in Fiscals 2025 and 2026.
Supplier Concentration: Top 10 suppliers accounted for 69% of purchases in Fiscal 2025.
New Business Segment Risk: The 'WONDRA' cleaning product segment reported negative EBITDA of ₹70.46 Lakhs in Fiscal 2026.
Geographic Concentration: All manufacturing units are located in Maharashtra.