IPO News: This Company's IPO Will Open On 25th February, But GMP Is Already Doing Wonders; How Much Profit Is Expected?
Engineering components maker Omnitech Engineering has announced the price band of its Rs 583 crore IPO at Rs 216-227 per share. This IPO will open on 25 February and close on 27 February. The company will issue new shares worth Rs 418 crore, while shares worth Rs 165 crore will be sold through OFS. The funds raised will be used to repay loans and set up new units.