Omnitech Engineering IPO date has not yet been announced. The company is planning a book-built issue to raise about ₹850 crore, comprising a fresh issue of ₹520 crore and an offer for sale (OFS) of ₹330 crore, up to [.] equity shares with a face value of ₹5 each. As per the DRHP, the IPO quota distribution will be 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares will be listed on both NSE and BSE.

Omnitech Engineering Ltd., a leading manufacturer of high-precision parts and assemblies, received SEBI approval on Tuesday to launch its IPO. The ₹850 crore issue will include a fresh issue of ₹520 crore and an OFS of ₹330 crore by promoters.

Additionally, the company may raise ₹104 crore through a pre-IPO placement. If this is completed, the fresh issue size will be adjusted accordingly.

Equirus Capital and ICICI Securities are the lead managers for the IPO, while MUFG Intime India will serve as the registrar.

IPO Fund Utilization
The company plans to use ₹140 crore to repay debt, ₹213.7 crore for setting up two new factories, and ₹15.7 crore for solar panels and new equipment at its existing facility. The remaining funds will go toward general corporate purposes.

Omnitech Engineering is a key supplier of high-precision components, catering to global clients across industries such as energy, automation, industrial equipment, and metal forming.

The company has delivered customized precision parts to more than 220 customers across 22 countries, including the US, UAE, Germany, Bulgaria, and Sweden.
Objects of the Issue

• Repayment and/or prepayment, either fully or partially, of certain outstanding borrowings taken by the company.
• Establishing new manufacturing facilities at:
  • Plot No. 1 and 2, New R.S. No. 87 (Old S. No. 181 P 17), Village Chhapara, Lodhika, Rajkot – 360021, Gujarat (Proposed Facility 1).
  • Plot No. 1 and 2, New R. Survey No. 634 (Old R.S. No. 181 P 6), Village Chhapara, Lodhika, Rajkot – 360021, Gujarat (Proposed Facility 2).
    These facilities will be developed through civil construction, interior works, and purchase of equipment/machinery.
• Funding capital expenditure for installing rooftop solar panels and purchasing new equipment/machinery at the existing facility located at Plot No. 9, 10, 11, 12 of New Survey No. 35, 36, 37, 38, 39, Village Chhapara, Lodhika, Rajkot – 360021, Gujarat (Existing Facility 2).
• Meeting general corporate requirements.

IPO Lead Managers (Merchant Bankers)

• Equirus Capital Private Limited
• ICICI Securities Limited