The initial public offering of Omnitech Engineering recorded a subdued investor response, with the issue subscribed 13% by the end of the second day of bidding. The offering, which aims to raise capital for expansion and working capital requirements, has witnessed cautious participation across investor categories. Retail investors have shown modest interest, while non-institutional and institutional segments remain largely on the sidelines. Market analysts attribute the slow traction to valuation concerns, prevailing liquidity conditions and selective risk appetite in the primary market.
