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Octaware Technologies IPO is a fixed price issue of Rs 8.60 crores.
Octaware Technologies IPO bidding started from March 17, 2017 and ended on March 24, 2017. The shares got listed on BSE SME on April 3, 2017.
Octaware Technologies IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Aryaman Financial Services Limited is the book running lead manager of the Octaware Technologies IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Octaware Technologies IPO RHP for detailed information.
| IPO Date | March 17, 2017 to March 24, 2017 |
| Listing Date | April 3, 2017 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 955,200 shares (aggregating up to ₹8.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,145,403 |
| Share holding post issue | 3,590,603 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| Lot Size Calculator | |||
Incorporated in 2005, Octaware Technologies Ltd is a software development company provides a range of information technology solutions. The company designs, develops, and maintains software systems and solutions. Company's services include custom software development, ECM/portal solution, ERP and CRM implementation, mobile platform solution, RFID solution, cloud and IT infrastructure services, consulting services and geospatial services.
Octaware provides specialized software application and product development services and solutions in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services solution, and iOnAsset – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 30-Sep-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 936.95 | 848.62 | 574.90 | 461.24 |
| Total Revenue | 363.58 | 730.63 | 551.65 | 409.83 |
| Profit After Tax (PAT) | 109.37 | 149.56 | 114.79 | 133.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14 |
The object of the issue are:
1. Investment in their subsidiary company – Octaware Technologies Gulf FZE
2. General Corporate Purposes.
[Dilip Davda] As the issue appears to have been fully priced, only cash surplus risk savvy investors may consider it for long term. Read detail review...
The Octaware Technologies IPO is subscribed times on March 24, 2017 6:20:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | April 3, 2017 |
| BSE Script Code | 540416 |
| NSE Symbol | |
| ISIN | INE208U01019 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹90.00 |
| ₹91.00 |
| ₹90.10 |
| ₹93.00 |
| ₹90.55 |
Octaware Technologies Ltd
204, Timmy Arcade,
Makwana Road,
Marol. Andheri (East), Mumbai
Phone: +91–22–4023 1431
Email: investor@octaware.com
Website: http://www.octaware.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Octaware Technologies IPO is a SME IPO of 955,200 equity shares of the face value of ₹10 aggregating up to ₹8.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 17, 2017, and closes on March 24, 2017.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Octaware Technologies IPO opens on March 17, 2017 and closes on March 24, 2017.
Octaware Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
You can apply in Octaware Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Octaware Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Octaware Technologies IPO allotment status.
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RHP
Very consistent company - share price never breaches 90-91.
Should exit with happiness that we are not making any loss.