Omnitech Engineering Ltd has opened its Initial Public Offering (IPO) on February 25, 2026, for public subscription. It enters the second day of bidding today on February 26, 2026. The company manufactures high-precision engineered components and assemblies used across energy, automation, industrial systems, and metal forming, with applications spanning oil & gas, wind and power, drives and motors, hydraulics, aerospace ground support, construction machinery, winches, and hoists.

Omnitech Engineering IPO will remain open till February 27, 2026. The allotment is expected to be finalised on March 2, 2026, and the shares are scheduled to list on the NSE and BSE on March 5, 2026.

Omnitech Engineering IPO - Issue Details

Omnitech Engineering IPO is a book-building issue aggregating to ₹583 crore. It comprises a fresh issue of 1.84 crore shares worth ₹418 crore and an offer for sale (OFS) of 0.73 crore shares amounting to ₹165 crore.

The price band has been fixed at ₹216–₹227 per share, with a minimum lot size of 66 shares. Retail investors are required to invest a minimum of ₹14,256. Equirus Capital and ICICI Securities are the book-running lead managers to the issue, while MUFG Intime India is the registrar.

Omnitech Engineering IPO Day 2 Subscription Status

[February 26, 2026, 11:36 AM]

On Day 2, the Omnitech Engineering IPO saw a subscription of 0.10 times, as per NSE data on February 26, 2026, 11:36 am. The public issue was subscribed to 0.09 times by Retail Individual Investors (RIIs), 0.08 times by Non Institutional Investors (NIIs), 0.13 times from the Qualified Institutional Buyers (QIBs) and 2.37 times by Employees.

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Utilisation of Proceeds

The Company will utilise the net proceeds from the fresh issue towards the following purposes:

Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
Setting up of new manufacturing facilities of the Company.
Funding towards capital expenditure requirements for the purchase and installation of solar panels on the rooftop and the purchase of new equipment/machinery for the existing manufacturing facility.
General corporate purposes.

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Omnitech Engineering Ltd GMP

As per media reports, the Grey Market Premium (GMP) of Omnitech Engineering Ltd is reported at ₹0.

Omnitech Engineering Ltd- Business Overview

Omnitech Engineering Ltd is an Ahmedabad-based industrial engineering and manufacturing company incorporated in 1989. It designs and fabricates critical equipment for process-intensive sectors such as chemicals, petrochemicals, oil & gas, fertilisers, pharmaceuticals, textiles, and steel. Its key products include pressure vessels, heat exchangers, reactors, columns, storage tanks, and other custom-engineered systems, catering to both domestic and international clients.

The company operates manufacturing facilities in Gujarat with capabilities in heavy fabrication, precision machining, specialised welding, and non-destructive testing, meeting stringent quality standards required by leading EPC players and industrial customers.

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