Omnitech Engineering's stock opened 11% below IPO price on March 5, 2026, amid mixed demand and strong institutional interest.

Omnitech Engineering's shares debuted on India's stock exchanges on March 5, 2026, opening at ₹202 on the NSE and ₹205 on the BSE—11% below the ₹227 IPO price—following a flat grey market premium. The ₹583 crore IPO, which saw overall subscription of 1.14 times, included a ₹418 crore fresh issue and ₹165 crore offer for sale. Strong institutional interest was offset by weak retail demand, with proceeds set for debt repayment, new manufacturing units, and capital expenditures. The company, which supplies precision components to global industries, reported a pre-IPO market cap of ₹2,807 crore and an order book exceeding ₹1,764 crore as of September 30, 2026.