Summary of this article
Omnitech Engineering IPO share allotment are expected to be finalised on March 2
By the end of the issue window, the IPO garnered firm demand from investors, though GMP indicates loss at listing
Omnitech Engineering initial public offering (IPO) shares are expected to be allotted on March 2. The public issue of the engineering and manufacturing solutions provider saw firm demand in the primary market, largely from qualified institutional buyers (QIBs) and employees of the company.
By the end of the issue window, investors across different classes had booked 1.14 times the total shares offered. Investors applied for 21.63 million shares compared to around 18.91 million shares on offer. Employees booked 4.25 times the 48,780 shares allotted for them, who were offered a Rs 11 discount per share applied for compared to the issue price.
QIBs booked 2.86 times the shares allotted for them. Mutual funds were the most who applied for the issue, subscribing for 11.73 million shares, out of the total 15.39 million shares applied for by QIBs.
Non-institutional investors (NIIs) subscribed to 73 per cent of their quota, applying for 2.95 million shares. Meanwhile, retail individual investors applied for nearly 3.08 million shares, 33 per cent of their quota.
Omnitech Engineering IPO Listing Date, Timeline
The subscription window for Omnitech Engineering was open from February 25 to February 27. Investors who were successful in their bidding will be allotted their shares on March 2.
The successful bidders will receive the shares according to the allotment on March 3. Investors who were not successful in their bidding will also receive the funds directly into their bank accounts on the same date.
Shares of Omnitech Engineering are set to be listed on the NSE and BSE on March 5, with March 5 being a market holiday due to Holi.
Omnitech Engineering IPO: Price Band, GMP
Omnitech Engineering set a price band of Rs. 216-227 a piece at the issue in the primary market. The minimum lot size to apply to the issue was 66 shares. For retail investors, the minimum investment amount was Rs. 14,982 based on the upper end of the price band.
According to multiple websites, the latest grey market premium (GMP) of the shares of Omnitech Engineering was at Rs. 222. The GMP indicated a loss at listing, being Rs. 5 lower than the upper end of the price band at issue.
Omnitech Engineering IPO Allotment: How to Check Status Online
Investors who applied for the issue can check the allotment status online through the websites of the stock exchanges as well as on the registrar’s website.
How to check allotment status on NSE
Open the NSE’s official website
Go to the ‘Invest’ tab and select the section ‘Resources & Tools’
Go to ‘Check Trades/Bids’ and then ‘Verify IPO bids’
Click on ‘Equity & SME IPO bid details’ on the form
Select ‘Omnitech Engineering’ from the options under the ‘Select’ symbol
Enter details of PAN or application number and submit
You can now see your application status
How to check allotment status on BSE
Open BSE’s official website
Go to the ‘Investors’ section and go to ‘Investor Services’, then select ‘Status of the Issue Application’
Go to ‘Check Status’ or click on the ‘Application Status Check’ hyperlink text
Select ‘Equity’ as issue type on the form
Select ‘Omnitech Engineering’ as the issue name
Enter details of either PAN of application number, fill captcha and go to ‘Search’
You can see the IPO allotment status
How to check allotment status on MUFG Intime India
Visit the official website of MUFG Intime India
Click on the ‘Public issues’ box under the Investor Centre section
From the dropdown menu, select ‘Omnitech Engineering’ as company
Enter details of PAN, application number, account number, IFSC, or DP client id and submit
It will display details of the allotment status.
