- By Aditya Pratap Singh
- Fri, 20 Feb 2026 10:29 AM (IST)
- Source:JND
Omnitech Engineering on Friday said that it has fixed a price band at Rs 216-227 per share for its upcoming Rs 583 crore Initial Public Offering (IPO).
The initial share sale of the manufacturer of precision-engineered components will open for public subscription between February 25 and February 27.
Anchor investors Bidding: According to information shared by the company, the anchor investors' bidding will take place on February 24.
Omnitech Engineering IPO consists of OFS and Fresh Shares
The IPO is a combination of fresh shares and offer for sale (OFS). The company offer fresh shares worth Rs 418 crore and an offer for sale component of equity shares valued at Rs 165 crore. Promoter Udaykumar Arunkumar Parekh will be offloading their stake.
Where Will Proceeds Be Used?
Proceeds from the new issue will be used to repay debt, build two new manufacturing facilities, fund capital expenditures, and general corporate purposes.
Omnitech Engineering manufactures and supplies high-precision engineered components to global customers in industries such as power, motion control and automation, industrial equipment systems, and various other industrial applications.
Its clients include Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, Push Industries, and Bharat Aerospace Metals.
Post listing, Omnitech Engineering, which is based in Rajkot, will compete with companies such as Dynamic Technologies, Unimac Aerospace & Manufacturing, Azad Engineering, PTC Industries, and MTAR Technologies.
IPO Quota Reservation
The company said that half the issue size is reserved for eligible institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors.
Omnitech Engineering IPO Listing Date: The shares of the company will debut on the stock exchanges on March 5. Equirus Capital and ICICI Securities are manage.
(With Inputs From PTI)