Latest news with #OmnitechEngineering
Mint
12 hours ago
- Business
- Mint
Gujarat-based Omnitech Engineering files DRHP with SEBI to raise nearly ₹850 crore via IPO
Gujarat-based Omnitech Engineering filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company has plans to raise funds from the Indian stock market through an initial public offering (IPO), according to the official release on Tuesday, 24 June 2025. The company is looking to raise ₹ 850 crore through a book-built issue from the Indian stock market. Omnitech Engineering is a manufacturing and engineering solutions firm which specialises in making precision-engineered components, turnkey industrial automation solutions, and customised mechanical systems for various sectors. With 220 customers across 22 nations, the company is supplying high-precision components to clients like Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Metals. Omnitech Engineering is offering a combination of fresh issue equity shares worth ₹ 520 crore and an offer-for-sale (OFS) component of equity shares worth ₹ 330 crore, as per the official filing. Udaykumar Arunkumar Parekh is the promoter selling stakeholder in the public issue. The company is also planning for a pre-IPO placement of shares amounting to ₹ 104 crore. In case the pre-IPO placement is executed, the fresh issue size will be reduced from its current level. According to the official filing, the funds raised from the public issue are planned to be utilised to repay the borrowings and fund its two new manufacturing facilities. The remaining funds will be allocated to take care of the capital expenditure needs and general corporate purposes. Equirus Capital and ICICI Securities are the book-running lead managers for the public issue, while MUFG Intime India Pvt. Ltd (previously known as Link Intime India) is the registrar of the offer. According to Chittorgarh data, the company's net profit for the financial year ended 2024-25 rose 132 per cent to ₹ 43 crore, compared to its ₹ 19 crore levels in the previous financial year. The revenues for the component manufacturer also witnessed a 92 per cent rise to ₹ 349.71 crore as of the financial year ended 2024-25, compared to ₹ 181.95 crore in the previous fiscal year. Read all stories by Anubhav Mukherjee
Mint
14 hours ago
- Business
- Mint
Gujarat-based Omnitech Engineering files DRHP with SEBI to raise nearly ₹850 crore via IPO
Gujarat-based Omnitech Engineering filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company has plans to raise funds from the Indian stock market through an initial public offering (IPO), according to the official release on Tuesday, 24 June 2025. The company is looking to raise ₹ 850 crore through a book-built issue from the Indian stock market. Omnitech Engineering is a manufacturing and engineering solutions firm which specialises in making precision-engineered components, turnkey industrial automation solutions, and customised mechanical systems for various sectors. With 220 customers across 22 nations, the company is supplying high-precision components to clients like Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Metals. Omnitech Engineering is offering a combination of fresh issue equity shares worth ₹ 520 crore and an offer-for-sale (OFS) component of equity shares worth ₹ 330 crore, as per the official filing. Udaykumar Arunkumar Parekh is the promoter selling stakeholder in the public issue. The company is also planning for a pre-IPO placement of shares amounting to ₹ 104 crore. In case the pre-IPO placement is executed, the fresh issue size will be reduced from its current level. According to the official filing, the funds raised from the public issue are planned to be utilised to repay the borrowings and fund its two new manufacturing facilities. The remaining funds will be allocated to take care of the capital expenditure needs and general corporate purposes. Equirus Capital and ICICI Securities are the book-running lead managers for the public issue, while MUFG Intime India Pvt. Ltd (previously known as Link Intime India) is the registrar of the offer. According to Chittorgarh data, the company's net profit for the financial year ended 2024-25 rose 132 per cent to ₹ 43 crore, compared to its ₹ 19 crore levels in the previous financial year. The revenues for the component manufacturer also witnessed a 92 per cent rise to ₹ 349.71 crore as of the financial year ended 2024-25, compared to ₹ 181.95 crore in the previous fiscal year.
Time of India
a day ago
- Business
- Time of India
Omnitech Engineering IPO: Omnitech Engineering Launches IPO to Raise Rs 850 Crore in Precision Components, ET LegalWorld
Omnitech Engineering, a manufacturer of precision-engineered components, on Monday said it has filed preliminary papers with capital markets regulator Sebi to raise Rs 850 crore through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth up to Rs 520 crore and an offer for sale component of equity shares valued at Rs 330 crore by promoter Udaykumar Arunkumar Parekh, as per the draft red herring prospectus (DRHP). The company plans a pre-IPO placement of shares aggregating to Rs 104 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Advt Proceeds from the fresh issue will be utilised to repay debt, set up two new manufacturing facilities, fund capital expenditure requirements and general corporate Engineering manufactures high-precision engineered components and supplies to global customers across industries like energy, motion control & automation, industrial equipment systems, and other diversified industrial clientele includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Omnitech Engineering will compete with the likes of Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, Dynamatic Technologies and MTAR supplied customised high-precision components to over 220 customers across 22 countries, including the US, UAE, Germany, Bulgaria, and shares are proposed to be listed on the BSE and Capital and ICICI Securities are the book-running lead managers, while MUFG Intime India, formerly Link Intime India, is the registrar to the IPO. Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.
