Omnitech Engineering’s ₹583-crore initial public offering (IPO) was subscribed 0.11 times, or 11 per cent, as of 2 pm on Thursday, the second day of bidding.
According to exchange data, the Qualified Institutional Buyers (QIBs) segment was subscribed 0.13 times, Non-Institutional Investors (NIIs) 0.08 times, and the retail individual investors’ portion 0.11 times at the time of reporting.
The employee portion saw robust traction, getting subscribed 2.49 times.
IPO, price band, anchor portion
Omnitech Engineering raised approximately ₹174.6 crore from anchor investors, with participation from several prominent domestic and global investors, including ICICI Prudential Mutual Fund, Nippon India Mutual Fund, WhiteOak Capital Mutual Fund, Ashoka India Equity Investment Trust Plc, Malabar India Fund, Edelweiss Mutual Fund and Allianz Global Investors.
The IPO, which opened for subscription on February 25, will close on February 27. The company has fixed a price band of ₹216–227 per share, valuing Omnitech Engineering at over ₹2,800 crore at the upper end.
The public issue is a combination of a fresh issue of equity shares worth up to ₹418 crore and an Offer For Sale (OFS) component aggregating to ₹165 crore by promoter Udaykumar Arunkumar Parekh.
Use of proceeds
Proceeds from the fresh issue will be utilised towards repayment of debt, setting up two new manufacturing facilities, funding capital expenditure requirements, and for general corporate purposes.
Published on February 26, 2026
