Omnitech Engineering IPO opens Feb 25: Check issue size, objectives and key dates

Omnitech Engineering IPO: The initial public offering of Gujarat-based Omnitech Engineering Ltd will hit the primary market on Wednesday, February 25. The issue will conclude on February 27.

The company has not announced the price band yet. Anchor investor bidding will take place on February 24, according to the red herring prospectus.

The proposed ₹583 crore initial share sale is a mix of fresh issuance of equity shares valued at ₹418 crore and an offer for sale (OFS) component of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

The net proceeds will be utilised for repayment of certain outstanding borrowings availed by the firm, setting up of new manufacturing facilities, capital expenditure requirements for purchase and installation of solar panels, purchase of new equipment for existing manufacturing facilities and general corporate purposes.

"In addition, our company expects to receive the benefits of listing of the equity shares on the stock exchanges and enhancement of our company’s visibility and brand image amongst our existing and potential customers and creation of a public market for our equity shares in India," the firm said in its red herring prospectus (RHP).

The company will reserve half of the net offer for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs) and 15% for non-institutional investors (NIIs).

ICICI Securities and Equirus Capital are the issue's book-running lead managers, while MUFG Intime India Pvt Ltd is the registrar.

Omnitech Engineering IPO: Allotment and listing date

About Omnitech Engineering

Omnitech Engineering is among the key manufacturers of high-precision engineered components and assemblies. Its products are supplied to global customers across industries like energy, industrial equipment systems, metal forming, motion control & automation and other diversified industrial applications.

As of September 2025, it had an order book of ₹1,764.78 crore, which constituted 551% of its revenue from the sale of products and services for the financial year 2024-25.