Omnitech Engineering's ₹583cr IPO to open on February 25, 2026
Omnitech Engineering, a Rajkot-based precision manufacturer, is launching its ₹583cr IPO on February 25, 2026.
The gray market premium has climbed to ₹15 per share, suggesting a possible 6.6% listing gain over the top price band.
Fresh issue, offer-for-sale in the IPO
The IPO features a fresh issue of 1,84,14,096 shares (₹418cr) and an offer-for-sale of 72,68,722 shares (₹165cr).
Price band is ₹216-227 per share; minimum investment is 66 shares (about ₹14,982).
Subscriptions run from February 25-27, 2026, with anchor bidding on February 24, 2026.
Revenue and profit more than doubled in 2025
Omnitech makes high-precision parts for safety-critical uses in industries like energy and automation. Big names like Halliburton and Suzlon are among its clients.
The company's revenue jumped by 92% in 2025 to ₹342.9cr, while profits more than doubled to ₹43.87cr.
Funds will be used for debt repayment
Funds will be used for paying off debt, expanding two facilities, capital expenses, and general corporate needs.
Shares are allocated as not more than 50% of the net offer to Qualified Institutional Buyers (QIBs), not less than 35% of the net offer to retail individual investors, and not less than 15% of the net offer to non-institutional investors.
Equirus Capital leads the issue; MUFG Intime is registrar.