Omnitech Engineering IPO Update: Final Bidding Period Closes, Investors Weigh Investment Opportunities

Omnitech Engineering IPO Update

Key Highlights

• ₹583 crore IPO of Omnitech Engineering Ltd opened on 25 February 2026 and will close on 27 February 2026.
• The public issue is a mix of fresh capital and offer for sale (OFS), proposed for listing on the BSE and the NSE.

Subscription Status

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• As of 10:21 AM on the third day of bidding, the public issue was subscribed to 15%.
• Retail portion: 15% subscribed.
• NII segment: 13% booked.
• QIB portion: 13% booked.

Grey Market Premium

• The company's shares are trading at a premium of ₹4 in the grey market.

Allotment and Listing Details

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• Most likely allotment date: 28 February 2026 (or Monday, 1 March 2026, as Saturday falls on the 28th).
• Official registrar: MUFG Intime India.
• Lead managers: Equirus Capital and ICICI Securities.
• Most likely listing date: 5 March 2026.

Analyst Review

• Swastika Investmart recommends a "subscribe" tag for the book-build issue.
• Valuation is priced at a post-issue P/E of approximately 50x-53x (based on FY25 earnings).
• Suitable for growth-focused investors with a 2-3 year horizon.