Omnitech Engineering is entering the public market with a ₹583 crore initial public offering, structured as a fresh issue of ₹418 crore and an offer for sale of ₹165 crore. The subscription window is open from February 25 to February 27, 2026, with a price band set between ₹216 and ₹227 per share. The company plans to utilize ₹233.5 crore of the fresh proceeds to establish two new manufacturing facilities in Rajkot, Gujarat. Additionally, ₹50 crore is earmarked for the repayment of outstanding borrowings, while ₹18.6 crore will support green energy initiatives through solar panel installations. Financial performance has shown significant momentum. Revenue surged by 92.5% to ₹342.9 crore in FY25, up from ₹178.2 crore the previous year. Profit after tax also saw a sharp increase of 132%, reaching ₹43.9 crore. As of September 2025, the firm reported an order book of ₹1,764.7 crore, providing strong revenue visibility equivalent to five times its FY25 product and services income. The business remains heavily export-oriented, with approximately 79% of H1FY26 revenue derived from international markets, including a 58% concentration in the United States. This global footprint is supported by a strategic warehouse in Houston and repeat business that accounts for over 85% of total orders. Despite growth, the company faces notable financial and operational risks. High customer concentration is a primary concern, as the top 10 clients generated over 56% of revenue in the first half of FY26. Furthermore, aggressive expansion and working capital needs led to negative operating cash flow in FY25, a trend that continues to demand careful liquidity management. The precision engineering sector in India is currently valued at approximately $8.3 billion and is projected to grow at a compound annual rate of 11.6% through 2029. Omnitech’s valuation at a price-to-earnings multiple of roughly 53.3x reflects this growth potential, positioning it as a high-growth but premium-priced entry in the engineering manufacturing space. Investors are monitoring the impact of global trade policies and potential tariffs on the export-heavy model. While the robust order book and diversified industry exposure—spanning energy, motion control, and automation—provide a solid foundation, the geographic concentration of all manufacturing units in Gujarat remains a factor for operational risk assessment.