Omnitech Engineering IPO: Allotment Date Announced, Updated GMP and Status Check Procedure

Omnitech Engineering IPO Allotment and Listing Details

IPO Details:

• Omnitech Engineering IPO: The initial public offering (IPO) of Omnitech Engineering was open for subscription from Wednesday, February 25 to Friday, February 27.
• Subscription Status: The issue received a subscription status of 1.14 times on day 3, indicating tepid demand from the Street.
• IPO Price Band: The price band for the IPO is set at ₹216 - 227 per share, positioning the company with a strong valuation of over ₹2,800 crore.
• Issue Size: The IPO comprises a fresh issuance of equity shares totaling ₹418 crore, along with an Offer For Sale of equity shares amounting to ₹165 crore from promoter Udaykumar Arunkumar Parekh.

Allotment and Listing Details:

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• Allotment Date: The Omnitech Engineering IPO share allotment will be finalized on Monday, March 2.
• Listing Date: The company is scheduled to list on the NSE and BSE on Thursday, March 5.
• Refund Process: For those who were not allocated shares, the company will start the refund process on Wednesday, March 4.
• Share Crediting: Shares that are allotted will be credited to the recipients' demat accounts on Wednesday, March 4.

Checking Allotment Status:

• Investors can check the allotment status on the website of the IPO registrar, Link Intime India Private Ltd (https://in.mpms.mufg.com/Initial_Offer/public-issues.html).
• Alternatively, investors can check the allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or the NSE website (https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).

Grey Market Premium:

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• The current grey market premium for Omnitech Engineering IPO is ₹0, indicating no premium or discount in the grey market.
• The grey market premium is trending downwards and is anticipated to decrease further.