Omnitech InfoSolutions will debut on bourses on Tuesday, 14 August 2007. It will be placed in the B1 group of shares on the BSE.

The company has fixed the issue price at the top end of the Rs 90-105 price band.

At the issue price of Rs 105, the PE multiple works out 11.66, based on the year ended March 2007 EPS of Rs 9.

Omnitech InfoSolutions IPO ended on 25 July 2007 with 61.84 times subscription. The issue totalled bids for 24.04 crore shares as against total issue size of 38.88 lakh shares.

The qualified institutional bidders (QIBs) bid for 11.40 crore shares, as against 18.47 lakh shares assigned for this category.

The non institutional investors bid for 6.02 crore shares as against 5.54 lakh shares assigned for this category.

The retail investors bid for 6.58 crore shares, compared with 12.93 lakh shares allotted for this category.

Omnitech offers IT solutions and products such as business availability services, business continuity services, systems integration solutions, framework solutions and products.

The company plans to deploy the IPO proceeds to fund acquisitions and strategic investments, to alternatively set up new technology center, set up overseas offices for business expansion and enhance existing facilities.

Omnitech's net profit rose 57.37% to Rs 11.85 crore on 43.53% increase on sales to Rs 77.64 crore in the year ended March 2007.