Omnitech Engineering IPO 2026 Opens Feb 25: ₹583 Crore Issue, Price Band ₹216–227, Listing on NSE & BSE

The price band has been fixed at ₹216 to ₹227 per share of face value ₹5 each. At the upper band, the company is targeting a market capitalisation of ₹2,807.17 crore.

Omnitech Engineering IPO Issue Structure and Capital Details

The Omnitech Engineering IPO comprises a fresh issue of 1,84,14,096 equity shares aggregating to ₹418.00 crore and an offer for sale (OFS) of 72,68,722 equity shares aggregating to ₹165.00 crore. The total issue size stands at 2,56,82,818 shares (approximately ₹583 crore).

Post-issue, the paid-up equity capital will increase from ₹52.63 crore to ₹61.83 crore, and the shareholding will rise from 10,52,49,680 shares pre-issue to 12,36,63,776 shares post-issue. The issue constitutes 20.77% of the post-IPO paid-up equity capital. Promoter holding will dilute from 94.08% to 74.19%.

The company has reserved up to 46,296 shares for employees at a discount of ₹11 per share. It has also raised ₹174.60 crore from anchor investors on February 24, 2026, allocating 76,91,629 shares. The anchor lock-in ends on April 1, 2026 (50% shares) and May 31, 2026 (remaining 50%).

The book running lead managers to the issue are Equirus Capital Pvt. Ltd. and ICICI Securities Ltd., while MUFG Intime India Pvt. Ltd. is the registrar. The BRLMs have handled 85 issues in the last three fiscals, of which 22 are listed below the issue price on debut.

Omnitech Engineering IPO Shares Reservation 

About Omnitech Engineering Ltd

Omnitech Engineering Ltd (OEL) has 19 years of experience in manufacturing high precision engineered components and assemblies used in safety-critical applications. It serves industries including energy (oil & gas, wind energy, power), motion control and automation, industrial equipment systems, aerospace ground support equipment, construction machinery, metal forming, and other diversified industrial applications.

The company manufactures components ranging from 0.003 kg to 503.33 kg in weight, diameters from 1.27 cm to 1 meter, and lengths from 0.2 cm to 10 meters. It supplies to over 256 customers across 24 countries, including the United States, India, UAE, Germany, Bulgaria, Sweden, UK, France, Australia, and Canada.

As of September 30, 2025, OEL had an order book of ₹1,764.78 crore, representing 551% of its FY25 revenue from sale of products and services. The company has 1,807 permanent employees and operates three manufacturing facilities located at Metoda and Chhapara, Padavala, and Rajkot in Gujarat, equipped with CNC, VMC, TMC, and sliding headstock machines.

Omnitech Engineering Financial Performance

Omnitech Engineering Key Metrics

The company reported an average EPS of ₹3.30 over the last three fiscals and an average RoNW of 27.71%. Pre-IPO EPS stands at ₹4.17 and post-IPO EPS at ₹4.49. At the upper price band, the issue is priced at a P/E of 50.53 (post-IPO) and 54.47 (pre-IPO). Based on FY25 earnings, the P/E works out to 63.94, and on FY26 annualised earnings, it stands at 50.56.

The issue is priced at a P/BV of 10.29 based on the NAV of ₹22.07 as of September 30, 2025, and 13.73 based on the post-IPO NAV of ₹16.53 per share.

Omnitech Engineering IPO Objectives

Out of the fresh issue proceeds, ₹50 crore will be used for repayment or prepayment of certain borrowings. ₹132.84 crore will be utilised for setting up new projects at Proposed Facility 1, ₹100.71 crore for Proposed Facility 2, and ₹18.70 crore for capital expenditure at Existing Facility 2, including solar plant installation and machinery purchase. The remaining amount will be used for general corporate purposes. Total planned utilisation stands at ₹302.26 crore.

Omnitech Engineering Peer Comparison 

The company has listed peers such as Azad Engineering Ltd., Unimech Aerospace Ltd., PTC Industries Ltd., MTAR Technologies Ltd., and Dynamatic Technologies Ltd

Conclusion

Omnitech Engineering is engaged in manufacturing high-precision engineered components and assemblies for global markets, with around 75% revenue from exports and over 85% repeat orders. While FY24 witnessed a temporary setback due to capex and plant installation, growth revived strongly in FY25, supported by a robust order book of ₹1,764 crore.