BSE SME Om Galaxy struggles to find its orbit, trades below IPO price
Mumbai, Sept. 18 -- The scrip was listed at Rs 90.20, a 0.22% premium to the initial public offer (IPO) price. The stock is currently down 2.38% over its listing price.
The counter hit a high of Rs 90.20 and a low of Rs 85.75. About 15.82 lakh shares of the company changed hands at the counter.
Om Galaxy's IPO was subscribed 2 times. The issue opened for bidding on 10 September 2026 and it closed on 15 September 2026. The price band of the IPO was between Rs 85 - 90 per share.
The IPO comprised fresh issue of 83,45,600 equity shares. The company intends to utilise the net proceeds from the issue towards capital expenditure for setting up a new manufacturing unit and consolidating its existing manufacturing facilities, with the aim of e...
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