Acetech E-Commerce and Omnitech Engineering IPOs Open with Mixed Investor Response

Acetech E-Commerce launched its Rs 49 crore IPO on February 27, priced between Rs 106-112, aiming to raise funds for marketing, working capital, and acquisitions. The SME IPO received a subdued response, with 0.26 times subscription on Day 1 and a grey market premium (GMP) of zero. Meanwhile, Omnitech Engineering's Rs 583 crore IPO, closing February 27, saw moderate investor interest with a 1.14 times subscription and a GMP around Rs 2-4, indicating potential modest listing gains. Omnitech plans to use proceeds for debt repayment and facility expansion, targeting listing on NSE and BSE in early March.