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  1. Omnitech Engineering IPO subscribed 17% so far on Day 3: Check allotment date and steps

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Omnitech Engineering IPO subscribed 17% so far on Day 3: Check allotment date and steps

Kamal Joshi

3 min read | Updated on February 27, 2026, 11:27 IST

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SUMMARY

Omnitech Engineering IPO: The ₹583 crore initial share sale consists of a fresh issuance of shares aggregating to ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

Omnitech Engineering is among the key manufacturers of high-precision engineered components. | Image: omnitecheng.com

Omnitech Engineering is among the key manufacturers of high-precision engineered components. | Image: omnitecheng.com

Omnitech Engineering IPO: The initial public offering of precision-engineered components maker Omnitech Engineering has been subscribed 17% times so far on the final day of bidding on Friday, February 27. It got bids for 31,71,036 shares as against 1,89,09,890 shares on offer, according to NSE data until 11:24 am.

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The part set aside for qualified institutional buyers (QIBs) has been subscribed 13%, while the portion for non-institutional investors was booked 16%. Retail individual investors subscribed their quota 18%.

The ₹583 crore initial share sale consists of a fresh issuance of shares aggregating to ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter Udaykumar Arunkumar Parekh.

The money generated will be used for repayment of certain outstanding borrowings, establishing new manufacturing facilities, capital expenditure for purchase and installation of solar panels, and general corporate purposes.

The company has set a price band of ₹216 to ₹227 per share. A lot consists of 66 shares.

Omnitech Engineering is involved in the manufacturing of high-precision engineered components and equipment and supplies to global customers across industries such as energy, industrial equipment systems, motion control & automation and other diversified industrial applications.

Its clientele includes Suzlon, Oshkosh Aerotech, Weatherford, Halliburton Energy Services, Lufkin Industries, Donaldson Company, PUSH Industries, Oilgear and Bharat Aerospace Metals.

Omnitech Engineering IPO allotment date and time

The Omnitech Engineering IPO allotment is expected to be finalised on Monday, March 2. The listing on the NSE and the BSE will occur on March 5.

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Omnitech Engineering IPO GMP

According to investorgain.com and media reports, Omnitech Engineering Ltd's unlisted shares are trading at ₹230, reflecting a grey market premium of 1.32% over the upper price band of ₹227.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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