Omnitech Engineering IPO: Check subscription level, GMP, all details | Fit for you?

The bidding process of Omnitech Engineering IPO began on Feb 24. The issue is designed to raise Rs 583.00 crores via a combination of fresh issue of 1.84 crore shares and offer for sale of 0.73 crore shares.

Kolkata: Omnitech Engineering IPO recorded tepid investor response to its IPO on the first day of bidding. It was overall subscribed only 0.09 times — 0.06 times in the retail category, 0.14 times in QIB category and 0.06 times in the NII. Omnitech Engineering IPO raised Rs 174.60 crore from anchor investors. The company has expertise in mechanical design, fabrication and assembly of high-performance equipment which are used in sectors such as automotive, aerospace, pharmaceuticals, food processing and general manufacturing. It supplies........

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