Omnitech Engineering IPO wraps up today with final Day 3 bidding details

Omnitech Engineering Ltd’s ₹583 crore IPO entered its final day of bidding on February 27 after opening on February 25, with the issue comprising a mix of fresh issue and offer-for-sale and proposed to be listed on the BSE and NSE. On Day 3, the IPO was subscribed 15% overall, with the retail portion booked 15%, the NII segment 13%, and the QIB category 13%, indicating muted demand. The grey market premium (GMP) stood at ₹3, suggesting limited listing gains. At the upper price band of ₹227 per share, the issue is valued at a post-issue P/E of around 50x–53x based on FY25 earnings, which is relatively lower compared to some listed engineering peers. The company reported a degrowth in FY24 but returned to positive performance in subsequent periods, supported by an order book exceeding ₹1,750 crore as of September 30, 2025. MUFG Intime India is the registrar, while Equirus Capital and ICICI Securities are the book-running lead managers. The allotment is likely to be finalised after the issue closes, and the shares are expected to list on March 5, 2026.