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Listed
Heavy Electrical Equipment
Omnitech Engineering Limited IPO
₹583 Cr · Fresh Issue & OFS · Heavy Electrical Equipment
Price Band
₹216 – ₹227
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹583 Cr
Fresh Issue & OFS
Market Cap
₹2807.17 Cr
At upper band
P/E Ratio
64x
P/S: 8.2x
Listing Date
05 Mar 2026
BSE & NSE
IPO Timeline
✓
Opens
25 Feb 2026
✓
Closes
27 Feb 2026
✓
Allotment
2 Mar 2026
✓
Refund
3 Mar 2026
✓
Listing
05 Mar 2026
IPO India Hub Recommendation: Subscribe
We recommend subscribing to the issue because the company has a solid order pipeline and a diversified product range. However, the high valuation at 64‑times earnings is a significant risk.
Our Analysis — Key Points
✓ Strength
Growing order book supports revenue expansion
The company has a solid order pipeline from power and infrastructure projects. This underpins its recent revenue of ₹342.91 crore and should help sustain growth. The backlog reduces reliance on new wins each quarter.
✓ Strength
Diversified product range reduces cyclicality exposure
The company manufactures a range of heavy electrical equipment, from transformers to switchgear. This diversification spreads risk across multiple segments and reduces dependence on any single product line. It also positions the firm to capture demand across the broader industrial sector.
⚠ Risk
High valuation may limit upside potential
The IPO is priced at a P/E of 64 times, which is far above the industry average. Such a premium leaves little room for earnings growth to justify the price, and any slowdown could pressure the share price. Investors should be cautious about the valuation gap.
$ Valuation
Valuation metrics appear stretched relative peers
The company trades at a P/E of 64x and a P/S of 8.2x at the top of the price band. These multiples are high compared with typical heavy equipment peers, suggesting the stock is priced for strong future growth. Investors should weigh whether the growth outlook justifies this level.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Omnitech Engineering Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹342.91 Cr
Net Profit
₹43.87 Cr
Industry
Heavy Electrical Equipment
Issue Type
Fresh Issue & OFS
Promoters
UDAYKUMAR ARUNKUMAR PAREKH AND DHARMI A PAREKH
Lead Managers
Equirus Capital and ICICI Securities
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