Omnitech Engineering shares rise 7% after bagging ₹920 crore order; here's how it is performing against issue price

Omnitech Engineering share price: Shares of Omnitech Engineering, which makes precision-engineered components, rose as much as 7.39% to ₹224.4 apiece on Thursday, March 12, after the company secured ₹920 crore.

The stock settled 5.29% higher at ₹220 per unit on the National Stock Exchange (NSE). Its market capitalisation stood at ₹2,720.65 crore.

In an exchange filing, the company said that it has bagged an international contract via a Master Purchase Agreement from Weatherford Products GmbH. It will be executed in five years.

The company said that its promoters do not have any interest in the entity to whom the order is awarded, and it does not fall at arm's length.

Meanwhile, Omnitech Engineering's Board of Directors will meet on March 14 to consider, approve and take on record financial results for the third quarter ended December 31, 2025.

How Omnitech Engineering shares are performing against issue price

The stock had debuted at ₹202 apiece on the NSE, reflecting a discount of 11% against the issue price of ₹227 per share. It is currently down 1.14% from the IPO price at March 12's high.

The ₹583 crore IPO was a mix of new shares worth ₹418 crore and an offer for sale (OFS) component valued at ₹165 crore by promoter Udaykumar Arunkumar Parekh.

The money generated will be utilised for debt repayment, funding capital expenditure requirements, establishing two new manufacturing facilities and general corporate purposes.

The initial share sale was subscribed 1.14 times, with bids for 2,16,31,632 shares compared to 1,89,09,890 shares on offer, as per data on the BSE website.

Omnitech Engineering manufactures high-precision engineered components and supplies to customers globally across industries like energy, industrial equipment systems, motion control & automation and other diversified industrial applications.

Its clientele includes Oshkosh Aerotech, Suzlon, Lufkin Industries, Donaldson Company, Halliburton Energy Services, Weatherford, PUSH Industries, Bharat Aerospace Metals and Oilgear.