Omnitech Engineering IPO Opens at 2% Subscription on Day 1 — Rs 583 Crore Issue Kicks Off with Strong Anchor Backing

The Omnitech Engineering IPO has officially entered the primary market. And Day 1 numbers are now out.

The public issue opened for subscription on February 25. Within the first few hours, the IPO was subscribed 2%. It’s an early start. But the tone of the market always begins here.

Let’s break down what the Omnitech Engineering IPO looks like right now. No noise. Just clear facts.

Market Performance: Omnitech Engineering IPO Subscription Status Day 1

The Omnitech Engineering IPO received bids for 3.25 lakh shares against 1.89 crore shares on offer as of 11:15 AM on Day 1, according to exchange data.

Here’s how the subscription unfolded:

• Overall Subscription: 2%
• Retail Individual Investors (RII): 2%
• Non-Institutional Investors (NII): 1%

A day before opening, the company raised over Rs 174 crore from anchor investors. That set the initial tone for the issue.

The IPO will remain open from February 25 to February 27.

The stock is scheduled to list on March 5.

For those tracking subscription data closely, Day 1 numbers often start slow and pick up momentum later. But for now, the Omnitech Engineering IPO stands at 2%.

Issue Size and Valuation Details of Omnitech Engineering IPO

The Omnitech Engineering IPO is a Rs 583 crore public issue.

The price band has been fixed at:

• Rs 216 to Rs 227 per share

At the upper end of Rs 227, the company is valued at over Rs 2,800 crore.

These numbers define the scale of the issue. The valuation sets the benchmark for how the market sizes the business.

No projections. No assumptions. Just current data on the table.

Main News: IPO Opens After Rs 174 Crore Anchor Allocation

One day before the IPO opened, Omnitech Engineering secured Rs 174 crore from anchor investors.

That early participation helped the company enter the public subscription phase with partial funding already in place.

Now, with the IPO live, investors have three days — February 25 to February 27 — to participate in the issue.

Use of IPO Proceeds

The company has outlined clear usage of funds raised through the Omnitech Engineering IPO.

Proceeds from the fresh issue will be utilized for:

• Repayment of debt (Rs 50 crore allocated)
• Setting up two new manufacturing facilities
• Funding capital expenditure requirements
• General corporate purposes

The Rs 50 crore debt repayment will reduce outstanding borrowings.

Before the issue, the company’s debt-to-equity ratio stood at 1.6x. Post allocation toward repayment, it is expected to reduce to 0.5x.

That significantly lowers leverage on the balance sheet.

Company Details: What Omnitech Engineering Does?

Omnitech Engineering is a manufacturer of high-precision engineered components.

The company supplies to global customers across industries, including:

• Energy
• Motion control & automation
• Industrial equipment systems
• Diversified industrial applications

This is not a single-industry exposure business. It works across sectors that demand specialized engineered components.

Client Base and Industry Presence

Omnitech Engineering serves well-known industrial clients.

Its customer list includes:

• Halliburton Energy Services
• Suzlon
• Oshkosh Aerotech
• Weatherford
• Lufkin Industries
• Oilgear
• Donaldson Company
• PUSH Industries
• Bharat Aerospace Metals

These names reflect exposure to global energy, industrial, and aerospace supply chains.

Order Book Strength

Omnitech Engineering carries an order book of Rs 1,765 crore.

This provides revenue visibility of approximately 5.1x of FY25 revenues.

That number gives context to the scale of operations and confirmed business pipeline.

Financial Performance Snapshot (FY23–FY25)

Between FY23 and FY25, the company reported the following compounded annual growth rates (CAGR):

• Revenue CAGR: 39%
• EBITDA CAGR: 36%
• Profit After Tax (PAT) CAGR: 17%
• EBITDA Margins: 30–35%

These figures highlight the operational expansion over the recent two-year period.

No forward-looking statements. Just historical growth data.

Competitive Landscape

Rajkot-based Omnitech Engineering operates in a competitive precision manufacturing segment.

It will compete with companies such as:

• Azad Engineering
• Unimech Aerospace and Manufacturing
• PTC Industries
• Dynamatic Technologies
• MTAR Technologies

The sector includes specialized players catering to aerospace, energy, and industrial engineering markets.

Listing Timeline

Here are the key dates for the Omnitech Engineering IPO:

• IPO Opens: February 25
• IPO Closes: February 27
• Listing Date: March 5

All eyes now move to how subscription numbers evolve over the remaining days.

Summary: Omnitech Engineering IPO Day 1 Update

The Omnitech Engineering IPO has opened with:

• 2% overall subscription on Day 1
• Rs 174 crore raised from anchors
• Rs 583 crore total issue size
• Price band of Rs 216–227
• Valuation above Rs 2,800 crore
• Rs 1,765 crore order book
• 30–35% EBITDA margin range
• Debt-to-equity moving from 1.6x to 0.5x post repayment

That’s the factual picture as of Day 1.

The primary market now watches how subscription builds in the remaining sessions.

We’ll continue tracking the Omnitech Engineering IPO as the numbers update.

Source: Moneycontrol