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OFS Technologies IPO is a fixed price issue of Rs 4.25 crores.
OFS Technologies IPO bidding started from December 28, 2015 and ended on December 31, 2015. The shares got listed on BSE SME on January 14, 2016.
OFS Technologies IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.
V B Desai Financial Services Limited is the book running lead manager of the OFS Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to OFS Technologies IPO RHP for detailed information.
| IPO Date | December 28, 2015 to December 31, 2015 |
| Listing Date | January 14, 2016 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,700,000 shares (aggregating up to ₹4.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,710,500 |
| Share holding post issue | 6,414,500 |
| Market Maker portion | 96,000 shares |
Investors can bid for a minimum of 6000 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 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Mr Jesudas Premkumar Sebastian
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.43% |
Incorporated in 2008, OFS Technologies Ltd is an IT company engaged in the business of software development. They are software development and Information technology outsourcing company with own ERP product division catering to the food processing industry.
They help software-enabled businesses to design, develop, test, and maintain their software products and applications, whether they are hosted, licensed, or mobile.
| KPI | Values |
|---|---|
| RoNW | 20.44% |
The object of the issue are to:
1. Strategic acquisition(s) / joint venture;
2. General Corporate Purpose;
3. To meet Issue expenses.
[Dilip Davda]
Considering reasonable pricing of the IPO, investors can plan long term investment, as most of SME IPOs have given some rewards post listings in the process.
Read detail review...
| Listing Date | January 14, 2016 |
| BSE Script Code | 539570 |
| NSE Symbol | |
| ISIN | INE742R01013 |
| Final Issue Price | ₹25 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹25.00 |
| ₹26.75 |
| ₹25.45 |
| ₹28.05 |
| ₹27.35 |
OFS Technologies Ltd
No.510, 2nd Floor, 16th Cross,
2nd Stage, Indira Nagar,
Bangalore, Karnataka - 560038
Phone: +91 80 69999156
Email: info@ofstech.com
Website: http://www.ofstech.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
OFS Technologies IPO is a SME IPO of 1,700,000 equity shares of the face value of ₹10 aggregating up to ₹4.25 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000 Shares.
The IPO opens on December 28, 2015, and closes on December 31, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The OFS Technologies IPO opens on December 28, 2015 and closes on December 31, 2015.
OFS Technologies IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.
You can apply in OFS 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 OFS Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the OFS Technologies IPO allotment status.
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RHP
IPO Guru (1300+ Posts, 500+ Likes)
This IPO matter is finished. Lets talk about next one.
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