Omnitech Engineering Shares List at 11% Discount After Rs 583 Crore IPO

Omnitech Engineering Ltd, a precision-engineered components manufacturer, debuted on Indian stock exchanges on March 5, 2026, following a Rs 583 crore IPO priced between Rs 216 and Rs 227 per share. Despite a 1.14 times overall subscription, the IPO saw strong institutional but weak retail demand. Shares listed at Rs 202 on NSE and Rs 205 on BSE, reflecting an 11% discount to the issue price, below grey market expectations of a flat debut. IPO proceeds will fund debt repayment, new facilities, and capital expenditure.