Omnitech Engineering Limited's initial public offering (IPO) opened yesterday, February 25, 2026, with limited investor interest on its first day of bidding. The precision-engineered components manufacturer aims to raise ₹583 crore through its public issue. The IPO's price band is set between ₹216 and ₹227 per equity share. The offering will remain open for subscription until Friday, February 27, 2026.[chittorgarh+1]
Day One Subscription Details
On its opening day, the Omnitech Engineering IPO was subscribed 0.09 times by 6:54 PM on February 25, 2026. This indicates a subdued start to the bidding process. Qualified Institutional Buyers (QIBs) showed slightly more interest, with their portion subscribed 0.14 times. RetailIndividual Investors (RIIs) and Non-Institutional Investors (NIIs) each saw a subscription of 0.06 times. The company also reserved shares for its employees, and that portion was subscribed 2.08 times. Overall, bids were received for 14,13,522 shares against 1,89,09,890 shares on offer, according to NSE data until 4:14 pm on the first day.[hdfcsky+3]
Key Dates and Issue Structure
The Omnitech Engineering IPO, which opened on February 25, 2026, will close for subscriptions on February 27, 2026. Investors can expect the finalization of share allotment around March 2, 2026. Refunds to unsuccessful bidders will begin on March 4, 2026, and shares will be credited to the demat accounts of successful applicants on the same day. The equity shares are scheduled to list on both the BSE and NSE stock exchanges on Thursday, March 5, 2026.[chittorgarh+5]
The ₹583 crore IPO consists of a fresh issue of equity shares worth up to ₹418 crore. Additionally, there is an Offer For Sale (OFS) component of up to ₹165 crore by promoter Udaykumar Arunkumar Parekh. Each equity share has a face value of ₹5. For retail investors, the minimum application involves one lot, which comprises 66 shares. This requires a minimum investment of ₹14,982 at the upper end of the price band.[chittorgarh+9]
Company Profile and Use of Proceeds
Omnitech Engineering Limited, based in Rajkot, Gujarat, specializes in manufacturing high-precision engineered components and assemblies. The company serves various industries, including energy, motion control and automation, and industrial equipment systems. It maintains a strong global presence, with approximately 75% of its revenue generated from exports to international markets. As of September 30, 2025, Omnitech Engineering reported a robust order book valued at ₹1,764.70 crore. This order book represents about five times its product and services revenue for the financial year 2025. The energy segmentalone contributes 74% to the order book.[sptulsian+9]
The net proceeds from the fresh issue portion of the IPO are earmarked for several key objectives. A significant partwill go towards repaying or prepaying certain outstanding borrowings. The company also plans to use funds for setting up new manufacturing units and fulfilling capital expenditure requirements, including the purchase and installation of solar panels. The remaining amount will be utilized for general corporate purposes. Udaykumar Arunkumar Parekh and Dharmi A Parekh are the company's promoters. Equirus Capital Private Limited and ICICI Securities Limited are the book-running lead managers for the issue. MUFG Intime India Private Limited serves as the registrar.[upstox+11]
Financial Snapshot and Anchor Investors
Omnitech Engineering has shown notable financial performance. For the financial year 2025, the company reported a revenue of ₹342.91 crore, marking a 92% year-over-year increase. Its net profit for the same period stood at ₹43.87 crore. Before opening the public subscription, Omnitech Engineering successfully raised over ₹174 crore from anchor investors on February 24, 2026. Prominent firms, including ICICI Prudential Mutual Fund, WhiteOak Capital Mutual Fund, Nippon India Mutual Fund, and Allianz Global Investors, participated in the anchor book. Domestic mutual funds received a substantial portion, with 54.42% of the total anchor allocation going to five domestic mutual funds across eight different schemes.[upstox+5]
The initial public offering of Omnitech Engineering continues to invite bids from investors, with its closing date set for Friday, February 27, 2026.[livemint]
