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Omnitech Engineering Limited files DRHP with SEBI
Punjab Times (English Edition)
|June 26, 2025
Omnitech Engineering, a manufacturer of precision-engineered components has filed Draft Red Herring Prospectus (DRHP) 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. Proceeds
This story is from the June 26, 2025 edition of Punjab Times (English Edition).
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