The Omnitech Engineering IPO ends today, and here are the final bidding details for Day 3.
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As of today, the Omnitech Engineering IPO's grey market premium (GMP) is ₹3, according to market analysts. This indicates that the shares are being traded at a ₹3 premium in the grey market. The low GMP suggests that there may be small gains when the shares are officially listed. Investors are closely monitoring subscription rates and market feelings before the company's debut.
Omnitech Engineering Ltd's IPO, valued at ₹583 crore, is in its final day of bidding, which ends on February 27, after opening on February 25. The IPO includes both fresh shares and shares offered for sale, and it aims to be listed on the BSE and NSE. As of Day 3, the overall subscription level was 15%, with 15% coming from retail investors, 13% from non-institutional investors, and 13% from qualified institutional buyers, showing low demand. The grey market premium (GMP) is ₹3, indicating minimal expected gains upon listing. At the highest price of ₹227 per share, the issue is valued at a post-issue price-to-earnings ratio of about 50x–53x based on FY25 earnings, which is lower than some other engineering companies that are already listed. The company experienced a decline in FY24 but returned to a positive performance afterwards, backed by an order book of over ₹1,750 crore as of September 30, 2025. MUFG Intime India is the registrar, while Equirus Capital and ICICI Securities are the lead managers. Allotments will likely be finalized after the bidding closes, and shares are expected to be listed on March 5, 2026.
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