Precision-engineered components and assemblies maker Omnitech Engineering on February 24 has mopped up Rs 174.6 crore via anchor book ahead of the Rs 583-crore IPO opening. This is the last public issue from mainboard segment in current month.
The company is raising Rs 418 crore by issuing fresh shares, while promoter Udaykumar Arunkumar Parekh will be selling shares worth Rs 165 crore via offer-for-sale. The price band for the offer, which will open for public subscription from February 25 to February 27, has been fixed at Rs 216-227 per share.
Omnitech Engineering has finalised allocation of 76.91 lakh shares to 17 anchor investors at the upper price band. "Out of the total allocation, 41.84 lakh shares were allocated to five domestic mutual funds - ICICI Prudential Mutual Fund, Nippon Life India, Edelweiss, WhiteOak Capital, and Titanium Hybrid Long-Short Fund - which have applied through a total of eight schemes," the company in its filing said.
ICICI Prudential Mutual Fund, and Nippon Life India Asset Management were the largest investors in the anchor book, each picking up 14.09 lakh shares worth nearly Rs 32 crore.
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Societe Generale, Allianz Global, Ashoka India Equity Investment Trust, Malabar India Fund, Nuvama, and Sanshi Fund also participated in the anchor book.
Omnitech Engineering intends to spend Rs 233.5 crore of fresh issue proceeds for setting up of two new manufacturing facilities in Rajkot, and Rs 18.6 crore for purchase and installation of solar panels and new equipment / machinery for existing manufacturing facility.
Further, Rs 50 crore will be utilised for repayment of certain outstanding borrowings, and the remainder funds for general corporate purposes. It had outstanding indebtedness of Rs 382.9 crore as of September 2025.
Omnitech Engineering that competes with listed peers such as Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, MTAR Technologies, and Dynamatic Technologies supplies products to energy, motion control and automation, and industrial equipment systems industries.
The merchant bankers managing the Omnitech Engineering IPO are Equirus Capital, and ICICI Securities.
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