From shop-floor hustle to Dalal Street debut, Rajkot-based Omnitech’s scrips precision growth story

Mr. Uday Parekh, CMD, Omnitech Engineering Restricted

Within the early 2000s, Udaykumar Parekh, then working within the purposes division at Jyoti CNC Automation Ltd, took a leap of religion. Armed with technical know-how and simply ₹1 lakh in fairness, he arrange a modest machine store in Rajkot with a single machine. Twenty years later, that entrepreneurial guess has culminated in Rajkot-based Omnitech Engineering Ltd submitting for a ₹583-crore preliminary public providing (IPO), marking a big milestone in its journey from a small job store to a worldwide provider of excessive precision engineered elements and assemblies.

The IPO proceeds are largely earmarked for capability enlargement and stability sheet strengthening. Of the whole situation dimension, about ₹213.68 crore might be deployed in direction of establishing two new manufacturing models (Facility 1 & 2) in Chhapara, Rajkot, whereas ₹140 crore will go in direction of compensation or prepayment of borrowings. An extra ₹15.7 crore might be invested as capital expenditure at its current facility. The IPO additionally has a suggestion on the market of up to ₹165 crore. Submit-IPO, the promoter shareholding is predicted to scale back to round 74 per cent from the present 94 per cent, making certain continued promoter management whereas bringing in public buyers to fund the subsequent leg of growth.

“I initially labored within the purposes division of Jyoti CNC the place I learnt all of the technicalities of machines. My position was to present full options to the top buyer. After gaining expertise for six years, we began (our personal enterprise) after shopping for one machine with lower than ₹ 1 lakh as fairness funding. The remaining we took a mortgage,” stated Udaykumar Parekh the chairman and managing director of the corporate who was in Ahmedabad on Saturday to promote his firm’s IPO. The corporate at the moment employs round 1,800 individuals and clocked a income of  ₹ 343 crore in FY25, a good portion of which is earned from exports.

Omnitech can be commissioning a brand new manufacturing unit at Padavala in Rajkot, Gujarat. The upcoming facility is designed with an annualised machining capability of 267,696 machine hours and a fabrication capability of seven,200 tonnes each year (mtpa) . As well as, the corporate has acquired three land parcels in Chhapara—Proposed Facility 1 and Proposed Facility 2—collectively providing a possible built-up space of 44,450.99 sq. metres.

A key strategic shift underway is Omnitech’s push in direction of deeper integration and better worth addition. As a part of the upcoming Padavala facility, the corporate is establishing a devoted fabrication line that may allow it to provide totally assembled elements quite than solely machined elements. It’s also focusing on new-age and high-entry-barrier sectors equivalent to defence, area, semiconductors, aerospace and railways, whereas strengthening its presence in safety-critical automotive and industrial purposes.

To again this ambition, Omnitech has secured a set of worldwide certifications. Its current amenities maintain ISO 9001, ISO 14001 and ISO 45001 certifications. It has additionally obtained AS9100:2016 certification for aviation, area and defence purposes, IATF 16949:2016 for automotive, and a number of API certifications for oil and fuel elements.

Omnitech positions itself as one among India’s fastest-growing producers of excessive precision engineered elements and assemblies amongst its peer set. As per an trade report cited in its draft papers, the corporate clocked a 92.45 per cent enhance in income from operations between FY24 and FY25, translating right into a CAGR of 39.06 per cent between FY23 and FY25. Throughout FY25 alone, it catered to over 220 clients throughout 22 international locations, together with the US, UAE, Germany, Sweden, Bulgaria and Canada.

Its merchandise serve various end-use sectors equivalent to vitality, movement management and automation, industrial tools methods and metallic forming. Utility areas vary from drilling, exploration and refining tools to actuator methods, robotic and conveying methods, mining elements, hydraulic and pneumatic methods, and valve elements for fuel and steam tools.

Past capability, the corporate can be investing in sustainability and worker infrastructure. A part of the IPO proceeds might be used to set up rooftop photo voltaic panels and buy further tools at Present Facility 2. It additionally plans to procure seven new buses to assist worker transportation, taking its whole fleet to 19 buses

Revealed on February 21, 2026