Omnitech Engineering IPO Edges Past Full Subscription At 1.02x; QIB Portion Booked 2.51x, Retail At 0.29x 

Omnitech Engineering’s ₹583 crore initial public offering (IPO) was subscribed 1.02 times as of 3:19 PM IST on February 27, 2026, the final day of bidding, supported largely by institutional participation. The retail and non-institutional segments remained under-subscribed at the time of reporting.

The book-built issue comprises a fresh issue of 1,84,14,096 shares aggregating up to ₹418 crore and an offer for sale (OFS) of 72,68,722 shares aggregating up to ₹165 crore.

Institutional Participation Lifts Overall Subscription

Demand from qualified institutional buyers (QIBs), excluding anchor investors, stood at 2.51 times. The segment received bids for 1,28,44,656 shares against 51,26,633 shares reserved.

Anchor investors had earlier subscribed to 76,91,629 shares, raising ₹174.60 crore ahead of the public issue opening.

The non-institutional investor (NII) portion was subscribed 0.70 times. Within this, bids from bNII applicants (above ₹10 lakh) were at 0.72 times, while sNII applicants (below ₹10 lakh) subscribed 0.67 times.

Retail Response Remains Muted; Employees Segment Sees Strong Uptake

The retail individual investor (RII) category was subscribed 0.29 times, with bids received for 26,08,716 shares compared with 89,72,783 shares on offer.

In contrast, the employee portion was subscribed 3.96 times. Employees bid for 1,83,216 shares against 46,296 shares reserved, benefiting from a ₹11 per share discount to the issue price.

Issue Details And Timeline

The IPO opened on February 25 and is scheduled to close on February 27, 2026. The price band has been fixed at ₹216 to ₹227 per share, with a lot size of 66 shares.

At the upper price band, a retail investor was required to apply for a minimum of ₹14,982 for one lot. The company proposes to list on the BSE and NSE, with a tentative listing date of March 5, 2026.

Subscription Trend Over The Three-Day Window

The issue saw gradual traction through the bidding period. It was subscribed 0.09 times on Day 1 and 0.14 times on Day 2, before crossing the one-time mark on the final day, primarily on the back of QIB demand.

In total, bids were received for 1,83,29,718 shares against 1,79,91,190 shares on offer, translating into a cumulative bid amount of approximately ₹416.09 crore as of 3:19 PM IST.

Equirus Capital Pvt Ltd is acting as the book-running lead manager to the issue, while MUFG Intime India Pvt Ltd is the registrar.

Source: https://www.nseindia.com/market-data/issue-information?symbol=OMNI&series=EQ&type=Active