Mumbai: Omnitech Engineering Limited, a global supplier of high-precision engineered components, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹850 crore through its upcoming initial public offering (Omnitech Engineering IPO).
The Omnitech Engineering IPO comprises a fresh equity issue of ₹520 crore and an offer for sale (OFS) of ₹330 crore by promoter Udaykumar Arunkumar Parekh, according to the DRHP.
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The company also intends to explore a pre-IPO placement of shares aggregating ₹104 crore, which, if completed, would proportionally reduce the size of the fresh issue.
Omnitech Engineering IPO: Proceeds to be Allocated Towards Repayment of Existing Debt
Omnitech Engineering IPO proceeds will be allocated towards the repayment of existing debt, setting up two new manufacturing facilities, fulfilling capital expenditure plans, and other general corporate purposes.
With a robust presence across industries such as energy, motion control, industrial automation, and aerospace components, Omnitech Engineering services over 220 customers across 22 countries, including key markets in the USA, UAE, Germany, Bulgaria, and Sweden.
The company’s high-profile client base includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries, and Bharat Aerospace Metals.
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The equity shares are proposed to be listed on both the BSE and NSE. Equirus Capital and ICICI Securities will serve as the book-running lead managers, while MUFG Intime India Pvt Ltd will act as the registrar for the IPO.
This Omnitech Engineering IPO marks a key milestone in Omnitech’s growth journey, reinforcing its position in the global industrial components market while enabling long-term expansion.
