Om Galaxy Ltd.
OM-GALAXYSME
Overview
Om Galaxy Limited designs, develops and manufactures plastic injection and blow moulds and related tooling, with an integrated offering that also includes in-house hot runner systems via its Infuse HRS subsidiary and automotive moulds through OMG Auto Mould Private Limited. The group primarily supplies pipe fitting, industrial and automotive sectors in India, supported by in-house design, machining, assembly and trial capabilities across multiple manufacturing units in Maharashtra, and has some export presence.
Opening Date
Sep 10, 2026
Closing Date
Sep 15, 2026
Listing Date
Sep 18, 2026
IPO Type
SME
IPO Status
Closed
Issue Size
105 Cr
Fresh Issue
100 Cr
Offer for Sale
0 Cr
Price Band
₹85 - ₹90
Lot Size
1600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
12.02
EPS
7.49
ROE
22.13%
ROCE
20.39%
RONW
22.13%
Debt to Equity Ratio
0.45
PAT Margin
13.42%
EBITDA Margin
26.33%
P/B
2.5
Bull vs Bear
Bull case
- •
In-house hot runner capability lets them deliver a full moulding solution, lowering customer coordination hassle and making projects harder for pure mould makers to match.
- •
A large order book improves near-term visibility, helping the business plan capacity, staffing, and working capital more confidently.
- •
Consolidating four units into one owned plant could cut overhead and improve delivery control, which matters because mould customers value reliability and timelines.
Bear case
- •
Customer concentration is high (top 10 at 73% in FY2026), so losing even one key account can hit revenue and cash flow fast.
- •
Supplier concentration is meaningful (top 10 at 49% of raw-material purchases in FY2026), so disruption or price hikes can squeeze margins and delay deliveries.
- •
Most revenue comes from pipe fitting moulds -73.62%, so any slowdown in that end-market can disproportionately reduce utilisation and profitability.
Net takeaway
This is a mould and tooling business with a “full-solution” angle via in-house hot runner systems and a large order book, which can support steadier execution. But the business is tightly linked to a small set of customers and suppliers, and it still relies heavily on pipe fitting mould demand, so results can swing if relationships or end-markets change. Over time, monitor whether revenue becomes less concentrated and whether non-pipe segments meaningfully grow.

