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Omnitech Engineering IPO Day 1: Check subscription status, price band, lot size and key dates
3 min read | Updated on February 25, 2026, 16:14 IST
SUMMARY
Omnitech Engineering IPO: The ₹583 crore issue comprises a mix of new shares valued at ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.
Omnitech Engineering Ltd will make its stock market debut on March 5. | Image: omnitecheng.com
Omnitech Engineering IPO: The initial public offering of precision-engineered components maker Omnitech Engineering opened for subscription on Wednesday, February 25. The issue will end on Friday, February 27. The price band has been fixed at ₹216 to ₹227 per share.
The ₹583 crore issue comprises a mix of new shares valued at ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.
The net proceeds will be utilised for repayment of certain outstanding borrowings, setting up of new manufacturing units, funding capital expenditure needs for purchase and installation of solar panels and corporate general purposes.
Omnitech Engineering IPO Day 1: Subscription status
The issue has been subscribed 7% so far on Day 1, with bids for 14,13,522 shares as against 1,89,09,890 shares on offer, according to NSE data until 4:14 pm.
| Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIBs) | 13% |
| Non-Institutional Investors | 3 |
| Retail Investors | 6% |
| Total | 7% |
Omnitech Engineering IPO: Lot size
A lot consists of 66 shares and in multiples thereafter. Half of the net issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Before the IPO, the company raised over ₹174 crore from anchor investors, including ICICI Prudential Mutual Fund (MF), WhiteOak Capital MF, Nippon India MF, Malabar India Fund, Ashoka India Equity Investment Trust Plc, Edelweiss MF and Allianz Global Investors.
Omnitech Engineering IPO: Allotment and listing date
| Event | Date |
|---|---|
| Subscription period | February 25 to February 27 |
| Basis of allotment | March 2 |
| Initiation of Refunds | March 4 |
| Credit of Shares to Demat | March 4 |
| Listing date | March 5 |
Before the IPO, the company raised over ₹174 crore from anchor investors, including ICICI Prudential Mutual Fund (MF), WhiteOak Capital MF, Nippon India MF, Malabar India Fund, Ashoka India Equity Investment Trust Plc, Edelweiss MF and Allianz Global Investors.
Omnitech Engineering is engaged in the manufacturing of high-precision engineered components and supplies to global clients across industries like energy, industrial equipment systems, motion control & automation, and other diversified industrial applications.
Its clientele includes Suzlon, Oshkosh Aerotech, Halliburton Energy Services, Weatherford, Oilgear, Donaldson Company, PUSH Industries, Lufkin Industries and Bharat Aerospace Metals.
Omnitech Engineering IPO GMP
According to investorgain.com and media reports, unlisted shares of Omnitech Engineering Ltd are trading at ₹231, reflecting a grey market premium (GMP) of 1.76% over the upper price band of ₹227.
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