Omnitech Engineering IPO GMP Today: Check grey market premium - Know listing price prediction

2 hours ago 26

Omnitech Engineering IPO GMP Today: The initial public offer of Omnitech Engineering Ltd, a manufacturer of precision-engineered components, received 1.14 times subscription on the last day of bidding on Friday (Feb 27, 2026). The Rs 583-crore IPO got bids for 2,16,31,632 shares against 1,89,09,890 shares on offer, as per data available with the NSE.

Omnitech Engineering IPO Subscription Status

The category meant for Qualified Institutional Buyers (QIBs) attracted 2.86 times subscription. The portion for non-institutional investors received 73 per cent subscription and Retail Individual Investors (RIIs) quota got subscribed 33 per cent.

Omnitech Engineering on Tuesday raised over Rs 174 crore from anchor investors.

The price band was Rs 216-227 per share, valuing the company at over Rs 2,800 crore.

Omnitech Engineering IPO GMP Today, Share Price Prediction

According to multiple grey market premium tracking platforms, the latest GMP for the Omnitech Engineering IPO is Rs 0 as of February 28, with the price band set at Rs 216-Rs 227 (upper cap Rs 227), leading to an estimated listing price of Rs 227.

However, readers must note that GMP is an unofficial grey market indicator and it is provided for informational purposes only and does not guarantee IPO listing prices. Investors should not rely solely on GMP; consult a financial advisor and analyse company fundamentals before investing.

Omnitech Engineering IPO Listing Date

The IPO is expected to be listed on March 5, 2026.

Omnitech Engineering IPO: Details

The IPO is a combination of fresh issuance of equity shares worth up to Rs 418 crore and an Offer For Sale component of equity shares valued at Rs 165 crore by promoter Udaykumar Arunkumar Parekh.

Proceeds from the fresh issue will be utilised to repay debt, set up two new manufacturing facilities, fund capital expenditure requirements and general corporate purposes.

Omnitech Engineering manufactures high-precision engineered components and supplies to global customers across industries like energy, motion control & automation, industrial equipment systems, and other diversified industrial applications.

Its clientele includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Metals.

The IPO is managed by Equirus Capital and ICICI Securities.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

Read Entire Article