Understanding Shariah Compliance in IPOs and Stocks: Investing wisely is essential for both financial growth and ethical alignment. For those interested in making investments that comply with Islamic law, understanding the Shariah status of Initial Public Offerings (IPOs) and stocks is crucial. This article aims to provide insights into the Shariah compliance of Omnitech Engineering Limited, a modern choice for ensuring that your investment choices are not only profitable but also ethical.
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Table of Contents
🏢 Company Overview
About Omnitech Engineering Limited
Omnitech Engineering Limited is a specialized manufacturing and engineering solutions company that focuses on providing precision-engineered components, turnkey industrial automation solutions, and customized mechanical systems across diverse industries.
Business Operations: During Fiscal 2025, 2024, and 2023, the company successfully supplied customized high-precision engineered components and assemblies to over 220 customers across 22 countries, including the United States, India, UAE, Germany, Bulgaria, Sweden, and Canada.
Core Business Segments
Product Applications span across four key industries:
- Energy Sector
- Drilling, exploration, and refining products for upstream, midstream, and downstream applications
- Braking systems, drive systems, and pumping units for renewable energy and power production
- Motion Control and Automation
- Actuator systems and motion control technologies
- Robotic systems and advanced conveying solutions
- Mining and earth-moving equipment components
- Industrial Equipment Systems
- Hydraulic and pneumatic systems for airport ground support
- Heavy-duty industrial equipment solutions
- Diversified Applications
- Automotive, manufacturing, medical, and consumer electronics components
Global Presence
With diverse field experience serving more than 6 segments including power industries, Omnitech Engineering has established itself as a trusted partner for precision engineering solutions worldwide.
📊 IPO Specifics
Issue Details
- Issue Size: ₹583.00 Crores
- Price Band: ₹216 – ₹227 per share
- Face Value: ₹5 per share
- Issue Structure:
- Fresh Issue: ₹418.00 Cr (1.84 Cr shares)
- Offer for Sale: ₹165.00 Cr (0.73 Cr shares)
- Total Shares: 2,56,82,818 equity shares
- Lot Size: 66 shares
Investment Requirements
| Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail (RII) | 1 Lot | 66 | ₹14,982 |
| sNII | 14 Lots | 924 | ₹2,09,748 |
| bNII | 67 Lots | 4,422 | ₹10,03,794 |
Exchange Listing
- Exchanges: BSE & NSE
- Market Cap (Post-Issue): ₹2,807.17 Crores
☪️ Shariah Compliance Status
📅 IPO Timeline
| Event | Date | Details |
|---|---|---|
| Anchor Bidding | February 24, 2026 | ₹174.60 Cr raised |
| Issue Opens | February 25, 2026 | Public subscription begins |
| Issue Closes | February 27, 2026 | Last day to apply |
| Basis of Allotment | March 2, 2026 | Expected allotment date |
| Refund Initiation | March 4, 2026 | Unsuccessful applications |
| Share Credit | March 4, 2026 | Shares credited to demat |
| Listing Date | March 5, 2026 | Trading begins on BSE & NSE |
💹 Grey Market Premium (GMP)
Latest GMP Trends
Note: GMP data is from unofficial markets and can fluctuate based on subscription levels and market demand.
💼 Financial Performance
Use of IPO Proceeds
| Purpose | Amount (₹ Cr) |
|---|---|
| Pre-payment of Loans | ₹50.00 |
| New Facility 1 Setup | ₹132.84 |
| New Facility 2 Setup | ₹100.71 |
| Capex at Existing Facility 2 | ₹18.70 |
| General Corporate Purposes | Balance Amount |
Key Operational Metrics
Global Reach:
- 220+ customers across 22 countries
- Strong presence in developed markets (US, Germany, Sweden, Canada)
- Diversified customer base across multiple industries
Manufacturing Capability:
- Specialized in high-precision engineered components
- Customized solutions for industrial automation
- Proven track record in complex mechanical systems
Growth Strategy
- Expansion through new manufacturing facilities
- Enhanced production capacity
- Technology upgrades and automation
- Working capital optimization
⚠️ Important Disclaimer
SEBI Compliance Notice: This content is for informational and educational purposes only, based on publicly available information and general market views. IslamicStock is not a SEBI-registered investment advisor and does not provide buy, sell, or hold recommendations.
Investment Advisory: Investors are strongly advised to:
- Consult with qualified and registered financial advisors
- Conduct thorough independent research and due diligence
- Carefully read the complete offer document (DRHP/RHP)
- Consider personal financial situation and risk tolerance
- Understand all risks associated with IPO investments
Risk Warning: All investments in securities markets carry inherent risks including loss of principal. Past performance does not guarantee future results. IPO investments are subject to market volatility and may list at premiums or discounts to issue price.
📊 Article generated on February 26, 2026