Omnitech Engineering Opens Rs 583-Crore IPO with Anchor Investors Committed

Omnitech Engineering is launching a Rs 583-crore IPO from February 25 to 27, combining a fresh issue of 1.84 crore shares and an offer-for-sale of 73 lakh shares. The company raised Rs 174.6 crore through anchor investors, including major mutual funds, at the upper price band of Rs 216-227 per share. Proceeds will fund new manufacturing facilities, solar panel installations, and debt repayment. The grey market shows modest interest with a premium around 3%.