New Delhi, Feb. 23 -- The initial public offering (IPO) of Omnitech Engineering is set to open for public subscription on Wednesday, February 25, and will remain so until Friday, February 27. The book build issue is a combination of fresh issue of 1.84 crore shares and an offer for sale (OFS) of 73 lakh shares. With a price band set at Rs.216 to Rs.227 per share, the issue aims to raise Rs.418 crore from the fresh issue of shares.

Share allotment is expected to be finalised on Monday, March 2, and shares of the company will list on the BSE and the NSE on Thursday, March 5.

Meanwhile, Omnitech Engineering's IPO GMP on Monday, February 23, was Rs.7. This suggests the stock could be listed at Rs.234, with a 3% premium.

Ahead of the IPO th...