Engineering component maker Omnitech Engineering is all set to launch its ₹583 crore IPO, and investors are already watching closely.
The company has fixed a price band of ₹216 to ₹227 per share.
The IPO will open on February 25 and close on February 27.
Anchor investors can place their bids a day earlier on February 24.
The issue includes a fresh share sale worth ₹418 crore and an Offer for Sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.
What Is the Latest GMP Trend?
Before an IPO lists, many investors track its Gray Market Premium (GMP).
This gives a rough idea of how the shares might perform on listing day.
According to Investorgain, the shares are currently trading at a GMP of ₹7 per share.
This suggests a possible listing gain of around 3.08 percent.
IPO Watch has reported a GMP indicating gains of about 7.04 percent, showing positive market sentiment.
However, it’s important to remember that GMP is unofficial.
It can change quickly and should not be the only factor in making an investment decision.
Why Is the Company Raising Funds?
The Rajkot-based company plans to use the IPO proceeds to expand its business, reduce debt, and meet general corporate needs.
At the upper price band of ₹227, the company’s valuation will be higher.
At ₹216, investors may get the shares at a slightly lower valuation.
This makes it important for investors to carefully study the company’s financial performance, industry outlook, and risks before applying.
Global Presence and Listing Details
Omnitech Engineering is expected to list on the stock exchanges on March 5.
The company supplies customized high-precision engineered components and assemblies.
It has served over 256 customers across 24 countries, including the US, India, the UAE, Germany, the UK, France, Australia, Canada, Sweden, and Bulgaria.
With a strong international footprint and steady GMP signals, the IPO has generated early interest.
Now, investors will be watching closely to see how the issue performs during the subscription period.
