Omnitech Engineering IPO allotment date LIVE: Step-by-step guide to check status; GMP hints muted listing

Omnitech Engineering IPO allotment date LIVE: Step 1

Go to the official website of Link Intime India Private Ltd, which serves as the registrar for IPOs. Here’s the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2

From the dropdown menu, select the IPO; the name will only appear if the allocation has been confirmed.

Step 3

Choose one of the three options available to check the status: Application No, Demat Account, or PAN.

Step 4

Indicate whether your application type is ASBA or non-ASBA.

Step 5

Provide the required information based on the option chosen in Step 3.

Step 6

After completing the captcha, click the submit button.

Omnitech Engineering IPO allotment date LIVE:

1.Capitalize on growth in the precision engineering sector and deepen presence across key end user industries.

2. Expand geographical reach

3. Augmenting capacity in line with expected business growth

4. Inorganic acquisition for improving manufacturing capabilities, deepening presence in end user industries and targeting customers in existing and new geographies

5. Further improve financial profile

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The company has earmarked ₹10 million for the eligible employees of the company in the upcoming IPO.

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering produces high-precision engineered parts and provides services to global clients across sectors such as energy, motion control and automation, industrial equipment systems, and various other industrial applications.

Its customer base includes companies like Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries, and Bharat Aerospace Metals.

Based in Rajkot, Omnitech Engineering will be competing against firms such as Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, Dynamatic Technologies, and MTAR Technologies.

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering specializes in precision-engineered components, complete industrial automation solutions, and custom mechanical systems across various industries.

The company is recognized for its expertise in the mechanical design, fabrication, assembly, and integration of high-performance machinery used in sectors including general manufacturing, automotive, aerospace, pharmaceuticals, and food processing.

In Gujarat, the company has three manufacturing plants located in Rajkot, Padavala, Metoda, and Chhapara. These facilities are equipped with advanced computer numerical control (CNC) machinery, including sliding headstock machines, turn mill centers (TMC), and vertical machining centers (VMC).

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering IPO allotment will be finalised on Monday, March 2, and the company will initiate refunds on Wednesday, March 4, while the shares will be credited to the demat account of allottees on the same day following the refund. Omnitech Engineering share price is likely to be listed on the BSE and NSE on Thursday, March 5.

Omnitech Engineering IPO allotment date LIVE: The company secured more than ₹174 crore from anchor investors just one day prior to the launch of its public share-sale.

The anchor book attracted several domestic and international investors, such as ICICI Prudential Mutual Fund (MF), Nippon India MF, WhiteOak Capital MF, Ashoka India Equity Investment Trust Plc, Malabar India Fund, Edelweiss MF, and Allianz Global Investors, as stated in a circular posted on the BSE's website.

Out of the complete anchor allocation, 54.42%, which is equivalent to 41,84,928 shares valued at nearly ₹95 crore, was distributed to five domestic mutual funds across eight different schemes.

Omnitech Engineering IPO allotment date LIVE: The public offering of Omnitech Engineering Ltd, a company that specializes in precision-engineered components, saw a subscription rate of 1.14 times on the final day of bidding on Friday.

The IPO, valued at ₹583 crore, received bids for 2,16,31,632 shares, surpassing the 1,89,09,890 shares available, according to data from the NSE.

The segment designated for Qualified Institutional Buyers (QIBs) was subscribed 2.86 times. The non-institutional investors' category garnered a subscription rate of 73 percent, while the quota for Retail Individual Investors (RIIs) was subscribed at 33 percent.

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering IPO includes a fresh equity share issue worth ₹418 crore, in addition to an Offer for Sale of equity shares totaling ₹165 crore from promoter Udaykumar Arunkumar Parekh.

The proceeds from the new share issuance will be allocated to reduce debt, set up two new manufacturing plants, address capital expenditure needs, and meet overall corporate obligations.

Step 1

Go to the official NSE website to verify the status of the Omnitech Engineering IPO allotment online: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2

To register with your PAN, click on the 'Click here to sign up' link available on the NSE website.

Step 3

Input your username, password, and the captcha code.

Step 4

View the IPO allotment status on the new page that loads.

Step 1

Go to the allotment section on the official BSE website - Omnitech Engineering IPO allotment status check online - https://www.bseindia.com/investors/appli_check.aspx

Step 2

From the 'Issue Type' options, select 'Equity'.

Step 3

Choose the IPO from the dropdown menu labeled 'Issue Name'.

Step 4

Input your PAN or application number.

Step 5

Click on 'I am not a Robot' to verify your identity, then press the 'Submit' button.

Omnitech Engineering IPO allotment date LIVE: 6 steps to check status

Step 1

Visit the official site of Link Intime India Private Ltd, the registrar for IPOs. Here’s the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2

Using the dropdown menu, choose the IPO, which will display the name only if the allocation has been confirmed.

Step 3

Pick one of the three available options to check the status: Application No, Demat Account, or PAN.

Step 4

Specify whether your application type is ASBA or non-ASBA.

Step 5

Enter the necessary information based on the option selected in Step 3.

Step 6

After filling out the captcha, click the submit button.

Omnitech Engineering IPO allotment date LIVE: Omnitech Engineering IPO GMP today is ₹0, which means shares are trading at their issue price of ₹227 with no premium or discount in the grey market, according to investorgain.com.

According to the recent trends in grey market activities over the past 12 sessions, today's IPO GMP is showing a declining trend and is anticipated to fall further. The lowest GMP recorded is ₹0.00, while the highest GMP stands at ₹15, as per expert opinions.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.