Om Galaxy IPO Date, Review, Price, Allotment Details

Om Galaxy IPO Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

Om Galaxy is an SME issue raising ₹105 Cr, offered in a band of ₹85–₹90 per share. At the upper end that is 18 times the ₹5 face value, so ₹85 of every share subscribed is share premium rather than capital. SME issues list on the BSE SME or NSE Emerge platform rather than the main board. They trade in fixed lots after listing, carry no retail-versus-HNI cut-off bidding, and are usually far less liquid, so exiting a position can take longer than on the main board.

A retail application for Om Galaxy needs one lot of 1600 shares, which works out to ₹1,44,000 at the upper band of ₹90. SME lots are deliberately sized above ₹1,00,000, so this is a far larger single commitment than a mainboard application and rules out most small investors. Retail applications are capped at ₹2,00,000, which here is 1 lot; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 7 lots.

For Om Galaxy, bidding runs 10-15 Sept, allotment is finalised on 16 Sep 2026, the shares list on 18 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 3 days before listing decides what the holding is worth.

The issue is reserved 47.46% to qualified institutional buyers, 14.26% to non-institutional investors, 33.27% to retail. At 33.27%, the retail portion is on the narrower side, so retail allotment turns into a lottery quickly once the book fills. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.

The issue splits into ₹100 Cr of fresh capital (95.2%) and ₹5 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.

Revenue moved from ₹113.13 Cr in 31 Mar 2025 to ₹124.68 Cr in 31 Mar 2026 (+10.2%), while profit after tax went from ₹15.92 Cr to ₹16.64 Cr (+4.5%). Growth in profit broadly tracks growth in revenue.

Recently listed companies in the same space trade at a median price-to-earnings ratio of about 14.7. Comparing that with the multiple implied by this issue's ₹85–₹90 band is a more useful test of pricing than looking at the grey market premium alone.

Bigshare Services Pvt.Ltd. is the registrar for this issue, which means the allotment status for Om Galaxy is published on their portal from 16 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.

This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.