Omnitech Engineering IPO: Subscription to begin on February 25, check price band, GMP and other details
Mumbai: Omnitech Engineering, a manufacturer of precision-engineed components, on Friday fixed a price band of Rs 216โ227 per share for its upcoming Rs 583 crore Initial Public Offering (IPO). At the upper end of the price band, the company is valued at over Rs 2,800 crore.ย The companyโs initial share sale will open for public subscription on February 25 and conclude on February 27. Bidding for anchor investors will take place on February 24, according to a public announcement. IPO structure and utilisation of proceeds The IPO comprises a fresh issue of equity shares worth up to Rs 418 crore and…