Omnitech InfoSolutions Ltd will hit the capital markets on July 19 with its initial public offering aggregating Rs 35 crore.
The company has fixed the price band of the issue at Rs 90- Rs 105 per share of Rs 10 each. The issue closes July 25.
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 utilise 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 acquired business assets of EDVenture Systems Inc last August.
UTI Bank is the book running lead manager and India Infoline the co-manager to the issue.
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