Omnitech Engineering IPO Review

IPO Details

• Issue Size: ₹583 crore
• Issue Composition: Fresh issue of 1.84 crore shares aggregating to ₹418 crore and offer for sale of 0.73 crore shares aggregating to ₹165 crore
• Listing Date: Tentatively scheduled for Thursday, March 05 on both the NSE and BSE

Subscription Status

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• Total Subscription: 1.20 times
• Employee Segment: Oversubscribed 4.47 times
• NII Segment: Subscribed 0.77 times
• QIB Segment: Subscribed 3 times
• Retail Segment: Subscribed 0.35 times

IPO Share Allotment and Refund Details

• Allotment Date: Expected to be finalized on Monday, March 2
• Refund Date: Wednesday, March 04
• Share Crediting Date: Wednesday, March 04

Grey Market Premium

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• GMP: ₹4 per share
• Estimated Listing Price: ₹231 (1.76% premium over upper issue price of ₹277 per share)

Company Overview

• Business: Manufactures high-precision engineered components for global customers across various industries
• Clientele: Includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, and others
• Competitors: Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, Dynamatic Technologies, and MTAR Technologies