Allied Digital Services will debut on bourses on 25 July 2007. The scrip will be placed in the B1 group on BSE.

The company had fixed the IPO price at the top end of the Rs 170 - 190 price band.

At the IPO price of Rs 190, the PE multiple works out to 14.28, based on the year ended March 2007 EPS of Rs 13.3.

Allied Digital Services IPO ended on 5 July 2007, with 60.87 times subscription. The issue received total bids for 27.52 crore shares from total issue size of 45.22 lakh shares.

The total bids in the qualified institutional buyers (QIBs) category were 16 crore shares. In this category, the foreign institutional investors (FIIs) bid for 7.69 crore, the domestic financial institutions bid for 5.31 crore shares and the mutual funds bid for 2.71 crore shares.

The non institutional investors bid for 5.75 crore shares. The retail investors bid for 5.76 crore shares, of which 5.31 crore shares were bid at cut off price and 44.50 lakh shares were bid at price.

The company plans to use the funds for expansion, and acquisitions.

Allied Digital had reported a net profit of Rs 22.93 crore on revenue of Rs 156 crore in the year ended March 2007. The company's order book stands at Rs.107.81 crore as on 12 June 2007 of which Rs 54.70 crore belongs to services segment and Rs 53.11 crore to solutions segment.

Allied Digital operates in diversified segments both in Solutions viz. IT solutions, Networking and Communication solutions, Integrated solutions and Software solutions and in Services viz. IT Infrastructure Management Services, T-BPO and Remote Management Services to its customers pan India.