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)

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

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:

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:

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:

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.

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

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.