July 23, 2007

Omnitech InfoSolutions Limited -IPO status

Omni tech Info solutions:

IPO Period: July 19 to July 25
Price Range: Rs.90 to Rs.105
Minimum Share Lot: 60
Shares Recommnedation: Subscribe
Grade: Average - Sell on listing

Valuations

The issue is priced at 10x FY07 earnings on post issue capital at floor price and at 11x at cap price. Omnitech Infosolutions Limited is a technology service provider and delivers a range of technology services as well as technology enabled services to its customers.

Getting an allotment of Omni tech solution shares looks bleak - as the issue size is small and it has already been oversubscribed by 1.02 times (nseindia.com) - with still 2 days to go

Premium: 160-170 Rs*

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