News Details

( As on 07/09/2026 20:20)

Om Galaxy announces launch of initial public offering

Om Galaxy Ltd. has announced public offering of 11667200 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 85.00 per share. The gross proceeds of the issue are expected to be Rs 10,500.48 lakhs.

The company's initial public offer (IPO) will open on 10 September 2026 and is expected to close on 15 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 85.00-90.00 per share.

The IPO includes a fresh Issue of 11667200 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Om Galaxy Ltd. anticipates using the proceeds of the issue for

Capital Expenditure towards setting up a New Manufacturing Unit for consolidation of the Company’s existing manufacturing units and expansion of its production capacities Prepayment/ repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company General Corporate Purposes.

Indorient Financial Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.