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Omitech Engineering IPO
Omnitech Engineering Ltd
₹14,256 /66 sharesMinimum investment
IPO details
Minimum investment
₹14,256
Price range
₹216 - ₹227
Lot size
66
Issue size
583 Cr
Face value
5
IPO document
Subscription rate
Data will be available soon
Schedule
25 Feb 2026
IPO open date
27 Feb 2026
IPO close date
2 Mar 2026
Allotment date
2 Mar 2026
Funds unblock or debit
5 Mar 2026
Tentative listing date
About
Founded in
2006
MD/CEO
Mr Udaykumar Arunkumar Parekh
Parent organisation
Omnitech Engineering Ltd
Omitech Engineering Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Omnitech Engineering claims to supply high-precision engineered components and assemblies to customers operating in energy, motion control and automation, industrial equipment systems, and other industrial segments. These industries, including oil and gas, aerospace ground support equipment, hydraulics, and wind energy, typically involve stringent vendor qualification and compliance requirements. The company states that it has maintained long-standing relationships with its customers, with an average association of around 2.90 years among its top 10 customers and around 3.80 years among its top 20 customers (based on revenue for the six months ended September 30, 2025), along with repeat orders over multiple years.
Omnitech Engineering claims to supply customers across 24 countries, including the United States, Germany, the United Kingdom, France, Australia, and the United Arab Emirates, with a majority of its revenue derived from exports during the six months ended September 30, 2025, and the last three fiscal years. The company states that it operates a warehouse in Houston, United States, through its subsidiary, Omnitech Group Inc., to support deliveries to customers in that region. It further claims to manage supply chain risks through IoT-enabled production planning, redundancy in key manufacturing operations, diversified raw material sourcing, buffer stock maintenance, outsourced vendor networks, and dedicated teams for logistics and supply chain management.
Omnitech Engineering claims to operate three manufacturing facilities in Rajkot, Gujarat, spread across 80,802.68 square metres, with a combined installed annualised machining capacity of 2,429,856 machine hours and fabrication capacity of 7,200 MTPA as of September 30, 2025. The facilities are located approximately 300 kilometres from Mundra Port, which the company states supports import and export logistics, and are positioned within an established industrial cluster with access to skilled labour and vendors.
The company claims to hold certifications including ISO 9001:2015 for its quality management systems, ISO 14001:2015 for environmental management systems, ISO 45001:2018 for occupational health and safety, AS9100:2016 for aviation, space, and defence, IATF 16949:2016, and API specifications for select facilities. It further states that its infrastructure includes 383 CNC machines, in-house plating and welding processes, industrial robots, a dedicated testing centre and the capability to achieve precision levels of up to 5 microns.
Omnitech Engineering claims to offer a broad range of precision-engineered components across varying raw materials, dimensions, manufacturing processes, assembly levels, and dispatch configurations. Its machining capabilities reportedly cover materials such as carbon steel, alloy steel, stainless steel, nickel alloys, titanium, aluminium, and other specialised alloys in multiple forms, including bars, tubes, forgings, and castings.
The company has reported a consistent increase in its revenue from operations. It increased from Rs 177.33 crore in FY23 to Rs 178.18 crore in FY24 and Rs 342.91 crore in FY25.
The top three customers accounted for Rs 64.21 crore (29.53 percent) of the company’s revenue from the sale of products and services for the period ended September 30, 2025; Rs 76.39 crore (23.85 percent) in FY25; Rs 50.85 crore (30.67 percent) in FY24; and Rs 63.04 crore (38.19 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from these clients can adversely affect the company’s business and financial standing.
Omnitech Engineering derives a substantial portion of its revenue from exports, making it exposed to changes in international trade regulations. In August 2025, the United States imposed tariffs of up to 50 percent on several Indian goods, which were later reduced to 18 percent in February 2026 following trade discussions; however, future revisions in tariff structures or anti-outsourcing measures may impact demand and pricing. Customers may also require the company to absorb part or all of such tariffs or shift sourcing strategies. Any adverse changes in global trade policies or customer preferences can adversely affect the company’s business and financial standing.
Omnitech Engineering’s existing three manufacturing facilities are all located in Rajkot, Gujarat, resulting in geographic concentration of operations. This exposes the company to risks such as changes in state-level policies, disruptions in local infrastructure, availability of skilled manpower, and natural calamities. For instance, parts of Gujarat, including Rajkot, experienced flooding in FY25, which affected manufacturing activities. Any significant disruption at this location leading to a slowdown or shutdown of operations can adversely affect the company’s business and financial standing.
A significant portion of Omnitech Engineering’s revenue and material purchases is denominated in foreign currencies. Revenue from operations outside India accounted for Rs 180.22 crore (78.98 percent) of the company’s revenue for the period ended September 30, 2025; Rs 257.01 crore (74.95 percent) in FY25; Rs 130.02 crore (72.97 percent) in FY24; and Rs 133.21 crore (75.12 percent) in FY23. The cost of materials purchased from outside India accounted for Rs 39.26 crore (37.29 percent) of the company’s total materials purchased for the period ended September 30, 2025; Rs 67.33 crore (42.21 percent) in FY25; Rs 5.39 crore (8.04 percent) in FY24; and Rs 2.42 crore (4.30 percent) in FY23. Any adverse fluctuations in foreign exchange rates, restrictions on repatriation, or changes in RBI policies affecting hedging mechanisms can hurt the company’s business and financial standing.
As of September 30, 2025, the company had trade receivables of Rs 176.91 crore, up from Rs 128.06 crore in FY25, Rs 43.49 crore in FY24, and Rs 33.42 crore in FY23. The increase in receivable days indicates extended credit terms to customers, which contributes to higher working capital requirements. Any delay or failure in the collection of these receivables may require additional borrowings or external funding.
The company has reported negative cash flow from operating activities amounting to Rs 68.98 crore in FY25. This was primarily driven by higher working capital requirements. The company also incurred negative cash flow from investing activities amounting to Rs 41.90 crore for the period ended September 30, 2025; Rs 74.52 crore in FY25; Rs 144.88 crore in FY24; and Rs 46.29 crore in FY23, mainly on account of purchase of property, plant and equipment; capital work-in-progress; and intangible assets, including capital advances. If such negative cash flows continue in the future, the company may need to increase borrowings, defer capital expenditure, or raise additional equity.
The energy segment accounted for Rs 109.86 crore (50.53 percent) of the company’s revenue from the sale of products and services for the period ended September 30, 2025; Rs 135.63 crore (42.35 percent) in FY25; Rs 50.04 crore (30.18 percent) in FY24; and Rs 44.21 crore (26.78 percent) in FY23. Any slowdown in this segment due to regulatory changes, geopolitical developments, or shifts in energy policy can adversely affect the company’s business and financial standing.
The top three suppliers accounted for Rs 25.46 crore (24.18 percent) of the company’s total purchase of materials for the period ended September 30, 2025; Rs 55.64 crore (34.88 percent) in FY25; Rs 13.23 crore (19.74 percent) in FY24; and Rs 11.44 crore (20.36 percent) in FY23. Any disruption in supplies, commercial disagreements, insolvency of key suppliers, or inability to procure materials on similar terms can adversely affect the company’s business and financial standing.
Revenue from repeat clients accounted for Rs 210.58 crore (96.87 percent) of the company’s revenue for the period ended September 30, 2025; Rs 255.53 crore (79.78 percent) in FY25; Rs 156.95 crore (94.65 percent) in FY24 and Rs 135.10 crore (81.84 percent) in FY23. Any reduction in demand, non-renewal of contracts, order cancellations, or inability to replace key repeat customers can adversely affect the company’s business and financial standing.
The company and its directors are involved in certain ongoing legal proceedings. The company’s business prospects could be hit in case of adverse judgments in any of these cases.
As of September 30, 2025, the company had contingent liabilities of Rs 25.02 crore, up from Rs 23.78 crore in FY25. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
As of September 30, 2025, the company had outstanding financial indebtedness of Rs 382.91 crore. Failure to service or repay these loans could harm the company’s operations and financial position.
Application details
For Omitech Engineering IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹216 - ₹227 | Upto ₹2 Lakhs | 66 |
| High Networth Individual | ₹216 - ₹227 | ₹2 - ₹5 Lakhs | 66 |