Omnitech InfoSolutions Limited IPO receives 0.82 times subscription

The Initial Public Offering (IPO) of Omnitech InfoSolutions Limited has received subscription of 0.82 times. The IPO opened for subscription on July 19, 2007 and closes for subscription on July 25, 2007.

The company has received total bids for 3189720 equity shares against the offer of 3888840 equity shares. The company has received bids for 346200 equity shares at cut-off price.

The company is issuing Equity Shares at a price band of Rs.90/- to Rs.105/- through 100% book-building issue.

Out of the issue the Qualified Institutional Buyers (QIBs) portion received bids for 2627760 equity shares against the offer of 1847199 equity shares resulting in a subscription of 1.4226 times.

The Non Institutional Investors portion of the issue received subscription of 0.3577 times with bids for 198240 equity shares against the offer of 554160 equity shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 363720 equity shares against the offer of 1293039 equity shares resulting in a subscription of 0.2813 times. The Employee Reservation of the issue hasn't received any subscription yet.

Source : Equity Bulls

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