Issue Details
- Issuer: OM Galaxy Limited (formerly Om Galaxy Precision Mould Crafts Private Limited & OM Galaxy Private Limited)
- Industry/Sector: Construction Materials / Other Construction Materials
- Issue Period: 10th September 2026 to 15th September 2026
- Issue Type: Initial Public Offering (IPO)
- Total Issue Size: ₹10,500.48 lakhs
- Net Issue to Public: 1,10,83,200 Equity Shares (₹9,974.88 lakhs)
- Market Maker Reservation: 5,84,000 Equity Shares (₹525.60 lakhs)
- IPO Grading: Not Applicable
Monitoring Arrangement
- Monitoring Agency: ACER Credit Rating Private Limited (SEBI Reg. No.: IN/CRA/009/2025)
- Agreement Date: 18th August 2026
- Sources Verified: Management Undertaking dated 13th November 2026, Prospectus dated 15th September 2026, Relevant Bank Statements, Statutory Chartered Accountant Certificate (M/s Shetty Naik & Associates, UDIN: 26111936EAFCVG4246)
Key Findings
- Deviation from stated objects: No deviation
- Range of Deviation: Not Applicable
- Change in means of finance: No change
- Other material facts: None reported
Proceeds Utilization Status (as of 30th September 2026)
Objects and Utilization:
| Object | Proposed Amount (₹ lakhs) | Utilized in Q2 (₹ lakhs) | Cumulative Utilized (₹ lakhs) | Unutilized (₹ lakhs) |
| Capital Expenditure for New Manufacturing Unit | 7,466.36 | 102.89 | 102.89 | 7,363.47 |
| Pre-payment of borrowings | 1,400.00 | 0.00 | 0.00 | 1,400.00 |
| General Corporate Purposes | 633.13 | 162.79 | 162.79 | 470.34 |
| IPO Related Expenses | 1,000.99 | 883.60 | 883.60 | 117.39 |
| Total | 10,500.48 | 1,149.28 | 1,149.28 | 9,351.20 |
Deployment of Unutilized Proceeds:
All unutilized proceeds (₹9,351.20 lakhs) are invested in fixed deposits:
- HDFC Bank FDR No. 0301423284960: ₹3,000.00 lakhs, maturity 25.09.2027, return 6.65%, market value ₹3,204.53 lakhs
- HDFC Bank FDR No. 50301423285851: ₹3,000.00 lakhs, maturity 25.09.2027, return 6.65%, market value ₹3,204.53 lakhs
- HDFC Bank FDR No. 50301423479802: ₹2,650.00 lakhs, maturity 27.09.2027, return 6.65%, market value ₹2,831.70 lakhs
- Kotak Mahindra Bank FDR No. 4952369741: ₹350.00 lakhs, maturity 28.09.2027, return 20.35%, market value ₹372.76 lakhs
- Kotak Mahindra Bank FDR No. 4952312891: ₹330.26 lakhs
- Kotak Mahindra Bank Public Issue Account No. 6151988648: ₹20.94 lakhs
Implementation Timeline Status
- Capital Expenditure for New Manufacturing Unit: Proposed completion FY 2028, currently ongoing, no delay reported
- Pre-payment of borrowings: Proposed completion FY 2027, not started, no delay reported
- General Corporate Purposes: Proposed completion FY 2027, ongoing, no delay reported
General Corporate Purpose Utilization Details
| Purpose | Q2 FY27 Utilization (₹ lakhs) | Cumulative (₹ lakhs) |
| Payment of Statutory Dues | 40.47 | 162.79 |
| Professional charges to Smart Whale Advisors | 61.95 | 61.95 |
| Purchase of Haitian Plastic Machinery | 4.39 | 4.39 |
| Other Working Capital Requirement | 55.98 | 55.98 |
| Total | 162.79 | 162.79 |
Borrowings Details for Pre-payment Object
- Axis Bank Limited: Secured term loan, sanctioned ₹512.42 lakh, outstanding ₹441.22 lakh (as of 15th July 2026), interest rate Repo Rate + 2.55% (currently 7.80% p.a.)
- HDFC Bank Limited: Secured term loan, sanctioned ₹3,750.00 lakh, outstanding ₹1,297.78 lakh (as of 15th July 2026), interest rate 8.50% p.a.
- Prepayment charges applicable as per sanction terms, subject to exemptions for eligible Micro and Small Enterprises
Document Metadata
- Submitted to: BSE Limited
- Monitoring Agency Signatory: Sweksha Kumari, Senior Analyst, ACER Credit Rating Private Limited