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Omnitech Engineering likely to list flat as grey market premium stays nilThe IPO was subscribed 1.14 times overall. The retail portion was subscribed 2.86 times, while the non-institutional investor segment was booked 73% and the qualified institutional buyer portion 33%.By Meghna Sen  March 5, 2026, 6:53:11 AM IST (Published)2 Min ReadShares of Omnitech Engineering are set to debut on Dalal Street on Thursday, March 5. The stock is expected to list flat, going by trends in the grey market.

Ahead of the listing, the shares are trading at a nil premium in the grey market. However, grey market premiums are only indicative of sentiment in the unlisted market and can change quickly.

The IPO was subscribed 1.14 times overall. The retail portion was subscribed 2.86 times, while the non-institutional investor segment was booked 73% and the qualified institutional buyer portion 33%.

The ₹583-crore IPO of the precision-engineered components and assemblies maker was open for subscription from February 25 to February 27. The price band was fixed at ₹216-227 per share, with a lot size of 66 shares.

Ahead of the issue opening, the company raised ₹174.6 crore from anchor investors, including Societe Generale, Allianz Global, Ashoka India Equity Investment Trust, Malabar India Fund, Nuvama, and Sanshi Fund.

The issue comprised a fresh issue of ₹418 crore and an offer-for-sale of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

Of the fresh proceeds, ₹233.5 crore will be used to set up two new manufacturing facilities in Rajkot, while ₹18.6 crore will be allocated towards solar panels and new equipment at the existing facility.

Another ₹50 crore will go towards repayment of certain borrowings, with the balance earmarked for general corporate purposes. Total borrowings stood at ₹382.9 crore as of September 2025.

Omnitech Engineering manufactures high-precision, safety-critical components and assemblies for global original equipment manufacturers across the energy, motion control and automation, and industrial equipment systems sectors.

The company serves over 256 customers across 24 countries, including the US, Germany, the UK, the UAE, France, Australia, and Canada. It also operates a warehouse in Houston, US, to strengthen supply chain efficiency and customer responsiveness.

As of September 30, 2025, its order book stood at ₹1,764.78 crore, equivalent to 551% of its FY25 revenue from sale of products and services.

The company follows an export-oriented model, with 78.98% of revenue from operations coming from outside India in the six months ended September 30, 2025.

Omnitech Engineering competes with listed peers such as Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, MTAR Technologies, and Dynamatic Technologies.

Equirus Capital and ICICI Securities are the book-running lead managers to the issue, while MUFG Intime India is the registrar.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsIPO