Om Galaxy Limited
Om Galaxy Limited is an SME IPO raising ₹105 Cr at ₹85 – ₹90 a share. It listed on 18 Sept 2026 at ₹90, +0.2% against its issue price of ₹90, and trades at ₹85 today (−5.6% since issue). It was subscribed 2.00× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs90 + OFS by subtraction from exchange total Rs105 Cr. Checked: exchange issue size Rs105 Cr vs derived Rs105 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
The issuer names no comparable listed companies: “There are no listed companies in India comparable to our Company in terms of business activities, size and scale; accordingly, an industry peer group P/E ratio has not been presented in relation to our Company.”
derived: cut-off price Rs90 / stated EPS Rs7.2 (FY26 (year ended March 31, 2026) diluted EPS from Restated Consolidated Financial Information, restated for face value of ₹5 and post-bonus share count). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.