Small-cap stock Omnitech Engineering jumps 6% ₹920-crore order win. Do you own?
Omnitech Engineering share price rose over 6% after securing a ₹920 crore order from Weatherford Products GmbH. A board meeting is set for March 14, 2026, to review financial results. The stock debuted on March 5, closing at a nearly 10% discount from its issue price.
Omnitech Engineering share price surged by over 6% on Thursday, March 12, after the company secured an order worth ₹920 crore from Weatherford Products GmbH.
The contract was obtained through a master purchase agreement and is scheduled for execution over five years. A meeting of the company's board of directors is planned for March 14, 2026, to review, approve, and record the standalone and consolidated unaudited financial results for the third quarter and nine months concluding on December 31, 2025. SBI Securities considers this a favourable development in the medium to long term.
Omnitech Engineering shares made their market debut on March 5. The small-cap stock closed at almost a 10% discount compared to the issue price of ₹227.
The stock opened at ₹205, reflecting a decrease of 9.69% from the issue price on the BSE. It eventually closed at ₹205.15, a decline of 9.62%.
At the NSE, the shares started trading at ₹202, marking an 11% drop. The company's shares finished at ₹204.93, down 9.72%.
Omnitech Engineering IPO details
The Omnitech Engineering IPO included a fresh issuance of equity shares totaling up to ₹418 crore and an Offer For Sale segment of equity shares amounting to ₹165 crore from promoter Udaykumar Arunkumar Parekh.
The funds raised from the fresh issuance will be used to pay off debt, establish two new manufacturing plants, cover capital expenditure needs, and for general corporate purposes.
Company details
Omnitech Engineering produces highly accurate engineered components and serves customers worldwide in sectors such as energy, motion control & automation, industrial equipment systems, and various other industrial applications.
Among its clients are Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries, and Bharat Aerospace Metals.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
About the Author
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.