Gujarat-based Omnitech Engineering, the high-precision engineered components and assemblies manufacturer, on Friday 20 has fixed price band at Rs 216-227 per share for its upcoming Rs 583-crore initial share sale.
As the upper price band, the company is valued at Rs 2,807 crore.
The initial public offering (IPO) is a mix of fresh issue of shares worth Rs 418 crore, and an offer-for-sale of Rs 165 crore worth shares. Promoter and founder Udaykumar Arunkumar Parekh is the selling shareholder in the offer-for-sale.
The public issue will open for subscription on February 25 and close on February 27, while one-day IPO anchor book will be launched on February 24. The IPO share allotment will be finalised by March 2, while the trading in its equity shares will commence on the bourses on March 5.
Omnitech has reserved Rs 1 crore worth shares for its employees who will get those shares at a discount of Rs 11 per share to the final offer price. Further, half of its net offer size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors and 35 percent for retail investors.
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Investors can bid for a minimum of 66 equity shares and in multiples of 66 equity shares thereafter. As a result, retail investors can make a minimum investment of Rs 14,982 and maximum would be Rs 1,94,766.
Omnitech Engineering that caters to energy, motion control & automation, industrial equipment systems, and metal forming industries will utilise Rs 233.5 crore of fresh issue proceeds for setting up of two new manufacturing facilities in Rajkot.
Further, Rs 50 crore will be spent for repaying certain outstanding borrowings (against the total indebtedness of Rs 382.9 crore), Rs 18.6 crore for purchase and installation of solar panels on the rooftop, and the remainder funds for general corporate purposes.
With three manufacturing facilities catering to the energy, motion control and automation, and industrial equipment systems industries, the company had an order book of Rs 1,764.7 crore as of September 2025, up from Rs 283.6 crore in March 2025.
Exports accounted for the majority — 75 percent — of Omnitech Engineering’s revenue in FY25, while the remaining 25 percent came from domestic business.
Profit in fiscal 2025 grew by 132 percent to Rs 43.9 crore, up from Rs 18.9 crore in the previous year. Revenue during the same period soared 92.5 percent to Rs 342.9 crore, from Rs 178.2 crore a year earlier.
Profit for the six-month period ended September 2025 stood at Rs 27.7 crore on revenue of Rs 228.1 crore.
The merchant bankers managing the Omnitech Engineering IPO are Equirus Capital, and ICICI Securities.
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