Omnitech Engineering Launches Rs 583 Crore IPO with Anchor Investors Participation

Omnitech Engineering, a precision-engineered components manufacturer, launched its Rs 583 crore IPO from February 25 to 27, combining a fresh issue of Rs 418 crore and an offer for sale of Rs 165 crore. The company raised Rs 174.6 crore from 17 anchor investors, including domestic and global mutual funds. Proceeds will fund new manufacturing facilities, repay debt, and support capital expenditure. With a strong export focus and repeat customers, analysts suggest long-term growth potential despite geographic concentration and working capital challenges.