New Delhi, Feb. 27 -- The initial public offering (IPO) of Omnitech Engineering, which opened for subscription on Wednesday, February 25, witnessed lacklustre demand for the company shares. However, the IPO managed to sail through on the last and final day of bidding.

At the end of the third day of the bidding process, Omnitech Engineering's IPO received bids for 2.16 crore shares against the total offer of 1.79 crore shares, resulting in an overall subscription of 1.20 times, according to exchange data.

Among the investor categories, the employee segment showed strong interest in the issue, with the portion reserved for employees oversubscribed 4.47 times at the end of the final day.

The NII and QIB segments were subscribed 0.77 times...