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July 19, 2007 - July 25, 2007

Omnitech IPO Basis of Allotment

Omnitech Empowering Enterprises
Omnitech InfoSolutions Limited

(Our Company was incorporated on January 30,1990 as OMNITECH BUSINESS MACHINES PRIVATE LIMITED, underthe Companies Act, 1956, with the Registration Number 11 -55256. The name of our Company was changed to OMNITECH INFOSOLUTIONS PRIVATE LIMITED on January 9,2001 and subsequently to OMNITECH INFOSOLUTIONS LIMITED on April 12,2001. For details on changes to our Registered Office, please refer to the chapter titled 'History and Other Corporate Matters' beginning on page 102 of the Prospectus.
Registered and Corporate Office: 'OMNITECH HOUSE', Plot No. A/13, Cross Road No. 5, Marol M.I.D.C,
Andheri East, Mumbai - 400 093, India.
Tel: +91 -22- 4095 6666; Fax: +91 -22- 4095 6565;Contact person: Mr.Gaurav Sharma.
E-mail: investor@omnitechindia.com; Website: www.omnitechindia.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 3,333,333 EQUITY SHARES OF RS.10 EACH AT A PRICE OF RS. 105 PER EQUITY SHARE FOR CASH AGGREGATING RS. 3500 LACS (HERE IN AFTER REFERRED TO AS THE 'ISSUE'), INCLUDING EMPLOYEE RESERVATION OF 166,667 EQUITY SHARES AGGREGATING TO RS. 175 LACS (HERE IN AFTER REFERRED TO AS THE 'EMPLOYEE RESERVATION PORTION'). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION I.E. 3,166,666 EQUITY SHARES AGGREGATING TO RS. 3325 LACS SHALL BE HERE IN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE WOULD CONSTITUTE 25.37% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 105 PER EQUITY SHARE OF FACE VALUE RS.10 EACH

THE ISSUE PRICE IS 10.5 TIMES OF THE FACE VALUE

This Issue is being made through a 100% Book Building Process wherein upto 50% of the Net Issue shall be allotted on a proportionate basis to Qualified Institutional Buyers ('QIBs'). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. Further, at least 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and at least 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price. Further, 166,667 Equity Shares shall be available for allocation on a proportionate basis to Eligible Employees subject to valid Bids being received at or above the Issue Price.
The Issue received 164423 bids/applications for 23,53,49,940 equity shares resulting in 70.60 times subscription. The details of the applications received in the Issue from Retail Bidders, Non- Institutional Bidders, Qualified Institutional Buyers and Eligible Employees are as under: (Before technical rejections)

Category No. of Applications No. of Equtiy Shares Subscription (No. of times)
Retail Individual bidders 163963 64852020 58.51
Non-Institutional bidders 293 56264820 118.45
Qualified Institutional Buyers 116 113955660 71.97
Employee bidders 51 277440 1.66

Final Demand
A summary of the final demand at various price levels as per the electronic book is given below:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to Total
90 230940 0.0960 240604080 100.0000
91 420 0.0002 240373140 99.9040
92 5580 0.0023 240372720 99.9038
93 1440 0.0006 240367140 99.9015
94 1140 0.0005 240365700 99.9009
95 512760 0.2131 240364560 99.9005
96 1860 0.0008 239851800 99.6873
97 2100 0.0009 239849940 99.6866
98 153360 0.0637 239847840 99.6857
99 2040 0.0008 239694480 99.6220
100 527220 0.2191 239692440 99.6211
101 1380 0.0006 239165220 99.4020
102 3240 0.0013 239163840 99.4014
103 3600 0.0015 239160600 99.4001
104 11640 0.0048 239157000 99.3986
105 174223140 72.4107 239145360 99.3937
Cut off Price Rs. 105/- 64922220 26.9830 64922220 26.9830
TOTAL 240604080

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited (BSE) on Tuesday, August 7,2007

A) Allocation to Retail Investors: (After technical rejections)
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue price of Rs. 105/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 57.08 times. The total number of equity shares allotted in this category is 11,08,380 Equity Shares-to successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of shares applied %to Total Proportional allocation Ratio Total No. of shares allocated
60 32931 20.71 1975860 3.12 60 1:57 34680
120 21600 13.58 2592000 4.10 60 2:57 45540
180 13172 8.28 2370960 3.75 60 1:19 41640
240 9624 6.05 2309760 3.65 60 4:57 40560
300 8005 5.03 2401500 3.80 60 5:57 42120
360 3560 2.24 1281600 2.03 60 6:57 22500
420 17648 11.10 7412160 11.72 60 7:57 130020
480 6592 4.14 3164160 5.00 60 8:57 55500
540 1494 0.94 806760 1.28 60 3:19 14220
600 2263 1.42 1357800 2.15 60 10:57 23820
660 578 0.36 381480 0.60 60 11:57 6720
720 693 0.44 498960 0.79 60 4:19 8760
780 391 0.25 304980 6.48 60 13:57 5340
840 542 0.34 455280 0.72 60 14:57 7980
900 39951 25.12 35955900 56.83 60 16:61 628980

B).Allocation to Non-Institutional Investors: (After technical rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-off or at Issue Price of Rs.105/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 116.24 times. The total number of equity shares allotted in this category is 474953 Equity Shares to successful applicants. The sample of category-wise details of the Basis-of Allocation are as under:

Category No. of Applications %to Total Total No. of shares applied %to Total Proportional allocation Ratio Total No. of shares allocated
960 35 14.17 33600 0.06 60 1:7 300
1440 1 0.40 1440 0.00 60 FIRM 60
3000 14 5.67 42000 0.08 60 3:7 360
10800 1 0.40 10800 0.02 93 FIRM 93
22560 1 0.40 22560 0.04 194 FIRM 194
28740 1 0.40 28740 0.05 247 FIRM 247
49500 1 0.40 49500 0.09 426 FIRM 426
87000 1 0.40 87000 0.16 748 FIRM 748
108000 8 3.24 864000 1.56 929 FIRM 7432
261960 1 0.40 261960 0.47 2254 FIRM 2254
750000 1 0.40 750000 1.36 6452 FIRM 6452
1000020 6 2.43 6000120 10.87 8603 FIRM 51618
1904640 1 0.40 1904640 3.45 16385 FIRM 16385
2856000 1 0.40 2856000 5.17 24523 FIRM 24523
3150000 1 0.40 3150000 5.71 26988 FIRM 26988

C) Allocation to Employees:
The Basis of Allocation to the Employee Category, who have bid at cut-off or at the Issue price of Rs.105/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.66 times. The total number of equity shares allotted in this category is 166667 Equity Shares. The sample of Category-wise details of the Basis of Allocation are as under:

Category No. of Applications %to Total Total No. of shares applied %to Total Proportional allocation Ratio Total No. of shares allocated
60 2 3.92 120 0.04 60.00 1:2 60
540 2 3.92 1080 0.39 325.00 FIRM 650
780 1 1.96 780 0.28 469.00 FIRM 469
1080 1 1.96 1080 0.39 649.00 FIRM 649
2580 1 1.96 2580 0.93 1550.00 FIRM 1550
4200 1 1.96 4200 1.51 2523.00 FIRM 2523
4860 1 1.96 4860 1.75 2920.00 FIRM 2920
6300 2 3.92 12600 4.54 3785.00 FIRM 7570
7080 1 1.96 7080 2.55 4253.00 FIRM 4253
9120 1 1.96 9120 3.29 5479.00 FIRM 5479
9600 1 1.96 9600 3.46 5767.00 FIRM 5767
11100 1 1.96 11100 4.00 6668.00 FIRM 6668
29760 1 1.96 29760 10.73 17879.00 FIRM 17879
46500 1 1.96 46500 16.76 27937.00 FIRM 27937

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (79,167) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (15,04,166) on proportionate basis.

Category Fls/Banks MFs FIIs Foreign Company Insurance Companies VCs Total
No. of Shares 505829 188958 754742 17355 82700 33749 1583333

The IPO Committee of the Company at it's Meeting held in Mumbai on Wednesday, August 8,2007 has approved the Basis of Allocation and has allotted the equity shares to the successful bidders/applicants.
The CAN-cum-Refund Orders have been dispatched by Thursday, August 9,2007 to the address of the investors as registered with the depositories. In case the same is not received within 10 (ten) days, Investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their respective beneficiary accounts subject to validation of the account details with the depositories concerned. Omnitech InfoSolutions Limited is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange Limited within seven working days from the date of approval of the Basis of Allocation.

INVESTORS MAY PLEASE NOTE
These details of the allocation / allotment made are being hosted on the website of Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com.
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the bid-cum-application form, number of equity shares bid for, name of the Member of the Syndicate and place where the bid was submitted and payment details at the address given below:

INTIME SPECTRUM REGISTRY UMITED
Unit: Omnitech InfoSolutions Limited,
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W), Mumbai -400 078
Tel: 91 22 2596 0320, Fax: 91 22 2596 0329, Contact: Person: Mr. Sachin Achar
E-mail: omnitech-ipo@intimespectrum.com; Website: www.intimespectrum.com

 


Place: Mumbai
Date: August 09,2007

For Omnitech InfoSolutions Limited
On behalf of the Board of Directors
sd/-
Atul Hemani
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF OMNITECH INFOSOLUTIONS LIMITED.

Omnitech IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Omnitech IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Omnitech IPO basis of allotment (published above) tells you how shares are allocated to you in Omnitech IPO and category wise demand of IPO share.

Visit the Omnitech IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Omnitech IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).