Omnitech, Zylog Systems

 Omnitech, Zylog Systems

Omnitech Solutions

Omnitech Solutions

Omnitech InfoSolutions ends with 57% premium

At Rs 164.55 over IPO price of Rs 105 on BSE

Omnitech InfoSolutions ended at Rs 164.55 on BSE, a premium of 56.71% over the IPO price of Rs 105.

On BSE, 89.97 lakh shares of the scrip were traded. The scrip debuted at Rs 183.75. It touched a high of Rs 183.75 and a low of Rs 155.

At the current price of Rs 164.55, the PE multiple works out 18.28, based on the year ended March 2007 EPS of Rs 9.

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

Omnitech InfoSolutions IPO ended on 25 July 2007 with 61.84 times subscription.

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, set up overseas offices for business expansion and enhance existing facilities.

Omnitech's net profit rose 57.37% to Rs 11.85 crore on a 43.53% increase in sales to Rs 77.64 crore in the year ended March 2007 over the year ended March 2006.

Omnitech Allotment Subscription Details

Qualified Institutional Buyers (QIBs) - 61.7547 times

Non Institutional Investors - 108.6629 times

Retail Individual Investors (RIIs) - 50.9535 times

OVERALL - 61.84 times

Grey Market Premiums - Omnitech, Zylog, Central Bank, HDIL, Omaxe

Allied Digital 190 135 to 140

Everonn Systems 125 to 140 390 to 400

Alpa Labs. 62 to 68 No premium - trading at discount

Simplex Projects 170 to 185 155 to 160

Spice Communication 46 9.50 to 10

Surychakra Power 20 2 to 3

HDIL 500 31 to 32

Celestial Labs 60 11 to 12

Omaxe Ltd. 265 to 310 55 to 60

Omnitech Info 90 to 105 160 to 165

Zylog System Ltd. 330 to 350 200 to 210

Central Bank 85 to 102 15 to 20