{
  "id": 6281924,
  "title": "Om Galaxy to raise ₹105 crore via IPO on BSE SME",
  "url": "https://urgent.news/2026/09/08/om-galaxy-to-raise-105-crore-via-ipo-on-bse-sme",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T13:40:06.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/stock-markets/om-galaxy-to-raise-105-crore-via-ipo-on-bse-sme/article71442528.ece"
  },
  "original_language": "en",
  "account": "Om Galaxy, a precision mould design, development and manufacturing company, intends to raise ₹105 crore through an initial public offering (IPO) on the Bombay Stock Exchange Small Cap Exchange (BSE SME). The company will issue 1.17 crore equity shares within the price range of ₹85-₹90 per share. The IPO will commence subscription processing on Thursday. The net earnings from the IPO will be utilized for capital investment to establish a new manufacturing facility, consolidate existing operations, expand production capacities, repay debt, and cater to general corporate needs. Indorient Financial Services will serve as the lead manager for the IPO, while Bigshare Services has been designated as the registrar. Om Galaxy's Chairman and Managing Director, Opindersingh Bachattarsingh Baddhan, stated that the company has developed expertise in precision tooling for pipe fitting, industrial, and automotive moulds, has introduced in-house hot runner systems via Infuse HRS, and ventured into consumer cleaning products under the brand name WONDRA. The funds generated from the new share issuance will be used to consolidate existing manufacturing units into a single-owned entity, enhance installed capacity, lower borrowing, and bolster operational efficiency, thereby facilitating the company's expansion. Prashant Dhebar, a director at Indorient Financial Services, noted that Om Galaxy has experienced steady growth in fiscal year 26, driven by repeat business from a loyal customer base and robust capacity utilization across its facilities. The planned consolidation, capacity expansion, and debt repayment will position the company to capitalize on the growth opportunities within India's dies and moulds market, he added.",
  "summary": "The company will offer 1.17 crore equity shares in the price band of ₹85-₹90 a share",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}