Omnitech Engineering shares tank on listing; opens up to 11% below issue price

Omnitech Engineering IPO: Omnitech Engineering shares listed at Rs 202 apiece, down 11.01 per cent from the issue price of Rs 227, on debut on the NSE. On the BSE as well, the stock opened at Rs 205, down around 9.69 per cent from the issue price.

Omnitech Engineering IPO subscription highlights

Overall, investors bid for 2.16 crore shares against an offer of 1.89 crore shares, translating to 1.14 times the overall subscription of the net offer.

Add Zee Business as a Preferred Source

The category-wise subscription details are:

• Qualified Institutional Buyers (QIBs) booked 2.86 times, with 1.53 crore shares bid against 53.88 lakh shares.
• Non-Institutional Investors (NIIs) subscribed 0.73 times, with 29.53 lakh shares bid out of 40.41 lakh reserved.
• Retail Individual Investors (RIIs) quota witnessed mild interest with 0.33 times booked with 30.76 lakh shares bid out of 94.30 lakh shares allotted.
• The employee quota saw an over-subscription of 4.25 times.

Omnitech Engineering IPO details

Omnitech Engineering IPO was a book-built issue worth Rs 583 crore that comprised a fresh issue of 1.84 crore equity shares and an offer for sale (OFS) of 0.73 crore shares.

According to the company's RHP, Equirus Capital Pvt Ltd was the book-running lead manager for the issue, while MUFG Intime India Pvt Ltd had been the registrar of the issue.

Price band: The IPO was priced at Rs 216 to Rs 227 per share, giving the company a market valuation of around Rs 2,807 crore at the upper end.

Subscription date: The IPO was opened for subscription on February 25, 2026, and will close on February 27, 2026.

Lot size: Investors could apply in a lot size of 66 shares, requiring a minimum investment of Rs 14,982 for retail applicants at the upper price band.

Omnitech Engineering Company

Omnitech Engineering operates as a manufacturing and engineering solutions provider, specialising in precision-engineered components, turnkey industrial automation solutions, and customised mechanical systems.

The company is engaged in mechanical design, fabrication, assembly, and integration of high-performance equipment used across industries such as automotive, aerospace, pharmaceuticals, food processing, and general manufacturing.