Shares of Omnitech Engineering made their stock market debut at a discount on both major exchanges.
The stock was listed at ₹202 on the National Stock Exchange of India, which is about 11% lower than its issue price.
On the Bombay Stock Exchange, the shares opened at ₹205, showing a 10% discount compared to the IPO price.
The company had set the issue price at ₹227 per equity share.
Through this IPO, the company managed to raise ₹583 crore from investors.
IPO Structure and Subscription Timeline
The IPO included both fresh shares and an offer for sale.
Around 1.84 crore new shares were issued to raise ₹418 crore for the company.
In addition, 0.73 crore shares were sold through an offer for sale, which brought in about ₹165 crore.
The IPO opened for subscription on February 25 and closed on February 27.
The share allotment was finalized on March 2.
The company also reserved 46,296 shares for employees, offering them a discount of ₹11 per share compared to the main issue price.
Minimum Investment and Lot Size
Retail investors had to apply for a minimum lot of 66 shares.
This required an investment of around ₹14,982.
For small Non-Institutional Investors (NIIs), the minimum application was 14 lots, which equals 924 shares and an investment of about ₹2 lakh.
For large NIIs, the minimum requirement was 67 lots, or 4,422 shares, which amounts to an investment of nearly ₹10 lakh.
IPO Managers and Registrar
The IPO process was managed by Equirus Capital, which acted as the book-running lead manager.
Meanwhile, MUFG Intime India served as the registrar of the issue, handling the allotment and investor records.
About Omnitech Engineering
Omnitech Engineering is a manufacturing and engineering solutions company.
It focuses on precision-engineered components, industrial automation solutions, and customized mechanical systems.
The company has strong expertise in mechanical design, fabrication, assembly, and integration of industrial equipment.
Its products and solutions are used in several industries, including automotive, aerospace, pharmaceuticals, food processing, and general manufacturing.
