Omnitech Engineering’s IPO was listed today at Rs 205 on BSE against the issue price of Rs 227 in the stock market…
highlights
- Omnitech Engineering’s IPO was listed at Rs 205, which is about 10 percent discount.
- This means that the IPO has caused a loss of about Rs 1500 to investors on every lot.
- The total issue size was Rs 583 crore and subscription was 1.20 times.
Omnitech Engineering’s IPO was listed in the stock market today. The share was listed on BSE at Rs 205 against the issue price of Rs 227. This is about 10 percent less than the issue price. Investors who invested in one lot based on this listing price suffered a loss of more than Rs 1500.
This book-built issue closed on 27 February. The IPO involved a fresh issue of 1.84 crore shares, raising Rs 418 crore. Apart from this, there was an offer for sale (OFS) of 0.73 crore shares, the value of which was Rs 165 crore. Thus the total issue size was Rs 583 crore.
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The price band was fixed at Rs 216 to Rs 227 per share. The issue closed at a high of Rs 227. At this price the pre-IPO market cap of the company was around Rs 2,807 crore. After the listing, promoter holding has reduced from about 94 percent to 74 percent.
Subscription data
The IPO received a total subscription of 1.20 times. 3 times subscription was recorded in the Qualified Institutional Buyers (QIB) category. Non-Institutional Investors (NII) portion received subscription 0.77 times. The share of retail investors was subscribed only 0.35 times. The share reserved for the employee category was filled 4.47 times. Before the issue opened, the company had raised Rs 174.60 crore from anchor investors.
company business
Omnitech Engineering manufactures precision-engineered components, turnkey industrial automation solutions and customized mechanical systems. The company supplies to the automobile, aerospace, pharmaceuticals, food processing and general manufacturing sectors. The company has three manufacturing plants in Gujarat. As of 30 September 2025, the company had 1,807 permanent employees. The company’s order book as of September 30, 2026 stood at more than Rs 1,764 crore.
financial performance
The company’s total income during the six months ending September 30, 2025 stood at Rs 236.69 crore. Net profit (PAT) during the same period was recorded at Rs 27.78 crore. The company’s total revenue in FY2025 stood at Rs 349.71 crore, while net profit was Rs 43.87 crore.
What will the company do with the IPO money?
Of the proceeds from the fresh issue, Rs 50 crore has been earmarked for repayment or pre-payment of debt. Rs 132.84 crore and Rs 100.71 crore have been allocated for setting up the two new proposed units. Rs 18.70 crore has been earmarked for capital expenditure in the existing unit. The remaining amount will be used for general corporate purposes.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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