MUMBAI, February 27 — The Omnitech Engineering IPO subscription remained muted on the final day of bidding, with the issue booked around 20% as of the latest exchange data, reflecting cautious investor participation in the ₹583-crore public offering.
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The mainboard IPO, which opened earlier this week, closes today, February 27. Subscription data published by the National Stock Exchange of India showed limited traction across investor categories during Day 3 trade.
Omnitech Engineering IPO Subscription Status Today
As per exchange updates, the Omnitech Engineering IPO subscription stood at approximately:
- Qualified Institutional Buyers (QIBs): ~14%
- Retail Individual Investors (RIIs): ~20%
- Non-Institutional Investors (NIIs): ~25%
The overall subscription level of around 20% indicates that the issue had not yet reached full subscription at the time of reporting.
Muted bidding activity contrasts with recent IPOs that witnessed strong oversubscription within the first two days of opening.
Omnitech Engineering IPO GMP Today
Market trackers monitoring the Omnitech Engineering IPO subscription noted subdued grey market activity.
The grey market premium (GMP) was reported at low single-digit levels, suggesting limited unofficial listing enthusiasm. Grey market trends are unofficial and not regulated by stock exchanges but are often tracked by market participants for sentiment cues.
The muted GMP aligns with the slower subscription pace observed during the offer period.
Issue Details and Price Band
The IPO has been priced in the band of ₹216 to ₹227 per equity share, with a minimum lot size of 66 shares for retail investors.
The public issue consists of a combination of fresh equity shares and an offer-for-sale component by existing shareholders.
Proceeds from the fresh issue are proposed to be utilised for:
- Repayment of borrowings
- Capital expenditure requirements
- Expansion of manufacturing facilities
- General corporate purposes
These details are outlined in the company’s Red Herring Prospectus filed with market regulators.
Allotment and Listing Timeline
Following closure of the Omnitech Engineering IPO subscription, the basis of allotment is expected to be finalised on March 2, 2026.
Refund initiation and credit of shares to successful bidders’ demat accounts are expected to follow, with the company proposing to list its shares on both:
- Bombay Stock Exchange (BSE)
- National Stock Exchange of India (NSE)
The tentative listing date is March 5, 2026, subject to regulatory and exchange approvals.
Company Profile and Business Operations
Omnitech Engineering operates in the precision engineering and industrial components segment.
The company manufactures high-precision engineered components and assemblies catering to industries such as energy, automation, and industrial machinery.
Its client base includes domestic and international industrial companies, with revenue exposure across multiple end-use segments.
The IPO aims to strengthen the company’s balance sheet and fund capacity expansion initiatives.
Market Context and IPO Environment
The Omnitech Engineering IPO subscription trend comes amid mixed investor appetite in the broader primary market.
While some recent offerings have witnessed strong institutional demand, others have seen moderate participation as investors remain selective.
Market participants attribute cautious bidding to broader equity volatility and valuation sensitivity in the current environment.
Subscription data continues to be monitored closely by investors ahead of allotment and listing.
Closing Snapshot
As of the final trading session on February 27, the Omnitech Engineering IPO subscription stood near 20%, indicating muted demand compared to fully subscribed offerings.
With allotment scheduled for March 2 and listing proposed for March 5, investor focus now shifts to final subscription figures and listing performance.
Exchange data remains the primary source for subscription updates.