Gujarat-based Omnitech Engineering, a manufacturer of high-precision engineered components and assemblies, has set a price band of ₹216–227 per share for its ₹583-crore initial public offering (IPO). At the upper end of the price band, the market value of the company is pegged at around ₹2,807 crore.

The IPO comprises a fresh issue of shares worth ₹418 crore and an offer for sale (OFS) of ₹165 crore by promoter and founder Udaykumar Arunkumar Parekh, who is the selling shareholder.

The public issue will open for subscription on February 25 and close on February 27, 2026. The anchor investor book will open for a day on February 24, while allotment of share is expected to be finalised on March 2. The shares of Omnitech Engineering are scheduled to list on the BSE and NSE on March 5.

Omnitech has reserved 50% of the issue for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. The company has reserved shares worth ₹1 crore for employees, who will be offered a discount of ₹11 per share to the final issue price.

Investors can apply for a minimum of 66 equity shares and in multiples thereafter. The minimum investment amount for retail investors is ₹14,982, at the upper end of the price band.

As per the IPO document, Omnitech Engineering plans to utilise ₹233.5 crore from the fresh issue proceeds to establish two new manufacturing facilities in Rajkot. Another ₹50 crore will go towards repayment of certain borrowings out of its total outstanding debt of ₹382.9 crore. The company will also allocate ₹18.6 crore for the purchase and installation of rooftop solar panels, with the remaining funds earmarked for general corporate purposes.

The company operates three manufacturing facilities catering to the energy, motion control and automation, industrial equipment systems, and metal forming sectors. Its order book stood at ₹1,764.7 crore as of September 2025, a sharp increase from ₹283.6 crore in March 2025. Exports contributed 75% of its revenue in FY25, while domestic operations accounted for the remaining 25%.

On the financial front, the company’s net profit rose 132% year-on-year to ₹43.9 crore in FY25 from ₹18.9 crore in the previous year. Revenue for the year increased 92.5% to ₹342.9 crore compared with ₹178.2 crore in the previous fiscal.

For the six months ended September 2025, Omnitech posted a profit of ₹27.7 crore against revenue of ₹228.1 crore.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)