Summary of this article
Omnitech Engineering is in its second day of issue in primary market
So far, employees, who are getting the stock at Rs. 11 discount, have led demand in IPO
Omnitech Engineering’s initial public offering (IPO) has entered its second day of subscription. The subscription window for the IPO opened on February 25 and will end on February 27. So far, the issue has shown tepid demand from most investor classes; however, employees of the company have shown firm interest in the primary issue.
Omnitech Engineering IPO: Subscription Status
At the time of writing, Omnitech Engineering IPO was subscribed to 11 per cent of the total shares on offer. Investors have applied for a total of over 1.99 million shares, out of 18.90 million shares offered in the issue.
Employees of the company led the demand for the issue, booking nearly 2.4 times their quota, or applying for 116,292 shares so far. Employees have been offered a discount of Rs. 11 on the issue price for applying in the primary market.
Qualified institutional buyers (QIBs) have applied for 13 per cent of the shares reserved for them, or 692,406 shares so far. Meanwhile, retail individual investors have only applied for 867,900 shares so far, or only 9 per cent of the shares reserved for them. Non-institutional investors (NIIs) have so far applied only 8 per cent of their quota.
Omnitech Engineering IPO: Offer Size, Price Band
Omnitech Engineering IPO consists of a combination of fresh issue of shares and offer-for-sale (OFS) of existing shares. The company is issuing 18.4 million fresh equity shares for Rs. 418.00 crore, along with 7.3 million OFS shares, aggregating to Rs. 165.00 crore.
The price band at the public issue has been fixed at Rs. 216-227 per share, and the lot size is 66. For retail investors, the minimum investment amount for the issue is Rs. 14,982 based on the upper end of the price band.
Equirus Capital is the book-running lead manager for the issue, and MUFG Intime India is the registrar.
Omnitech Engineering IPO: GMP
According to multiple websites, Omnitech Engineering’s IPO showed a grey market premium (GMP) equal to the upper end of the price band at the issue, with no gain or loss indicated. The GMP has fallen since before the issue window opened, from a high of Rs. 15 seen nearly a week ago. The estimated listing price is at Rs. 227 per share.
After the subscription window closes on February 27, allotment of the shares is expected to be finalised on March 2. Shares of Omnitech Engineering are expected to be listed on the exchanges on March 5, 2026.
Omnitech Engineering IPO: Key Financials
Omnitech Engineering reported a revenue of Rs. 236.69 crore for the first half of the financial year 2025-26. During April-September of 2025, the company reported profit after tax (PAT) at Rs. 27.78 crore, while Ebitda stood at Rs. 70.08 crore.
In FY25, the revenue of the company stood at Rs. 349.71 crore, nearly double that of Rs 181.95 crore earned in FY24. During FY25, the net profit of the company also rose to Rs 43.87 crore, more than double that of Rs 18.91 crore in FY24.
At the end of September 2025, the company’s net worth stood at Rs 232.27 crore, while total assets stood at Rs 766.65 crore. Reserves and surplus were at Rs 179.65 crore, and net outstanding debt stood at Rs 382.91 crore.
Omnitech Engineering IPO: Objective
Omnitech Engineering aims to use the net proceeds from the fresh issue primarily to reduce the debt of the company and to expand its capacity. The company aims to use Rs. 50 crore from the proceeds for clearing its debt. Additionally, Rs. 132.84 crore has been earmarked for setting up new projects at Proposed Facility 1 and Rs. 100.71 crore for Proposed Facility 2. The company also plans to spend Rs. 18.70 crore on capital expenditure at its existing Facility 2, and use the remaining funds for general corporate purposes, according to the red herring prospectus (RHP).
