Omnitech Engineering's Rs 583 Crore IPO Opens February 25 Ahead of Stock Market Debut
Omnitech Engineering, a manufacturer of high-precision engineered components, is set to launch its initial public offering (IPO) on February 25. The company supplies parts to over 220 global customers across industries like energy, automation, and industrial equipment. Its shares will begin trading on the stock market from March 5, following a three-day subscription window for investors.
The IPO, valued at Rs 583 crore, will run from February 25 to February 27. Shares are priced between Rs 216 and Rs 227 each, giving the company an estimated market value of over Rs 2,800 crore. Half of the issue is reserved for institutional investors, while 35% is allocated to retail buyers and 15% to non-institutional participants.
Before the public launch, Omnitech secured Rs 174.6 crore from anchor investors on February 24. A total of 76,91,629 shares were sold at Rs 227 apiece to firms like ICICI Prudential MF, Nippon India MF, and Allianz Global Investors. The funds raised will go toward repaying debt, building two new manufacturing plants, and covering operational costs.
The company operates in a competitive sector, facing rivals such as Azad Engineering, Unimech Aerospace, PTC Industries, Dynamatic Technologies, and MTAR Technologies. Its components serve industries worldwide, including markets in the United States, though no specific customer names have been disclosed.
The IPO proceeds will support Omnitech's expansion plans and financial restructuring. With its shares debuting on March 5, the company aims to strengthen its position in the precision engineering market. Investors will now watch how the subscription performs over the three-day window.
