Upcoming IPO: Omnitech Engineering receives SEBI nod to launch public issue worth ₹850 crore

The IPO comprises a fresh issue of equity shares worth up to ₹520 crore and an offer for sale of shares valued at ₹330 crore by promoter Udaykumar Arunkumar Parekh, according to the draft red herring prospectus (DRHP).