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Olatech Solutions IPO is a fixed price issue of Rs 1.89 crores. The issue is entirely a fresh issue of 7 lakh shares.
Olatech Solutions IPO bidding started from August 12, 2022 and ended on August 19, 2022. The allotment for Olatech Solutions IPO was finalized on Wednesday, August 24, 2022. The shares got listed on BSE SME on August 29, 2022.
Olatech Solutions IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹216,000.
Shreni Shares Limited is the book running lead manager of the Olatech Solutions IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Olatech Solutions IPO RHP for detailed information.
IPO Date | August 12, 2022 to August 19, 2022 |
Listing Date | August 29, 2022 |
Face Value | ₹10 per share |
Price | ₹27 per share |
Lot Size | 4000 Shares |
Total Issue Size | 700,000 shares (aggregating up to ₹1.89 Cr) |
Fresh Issue | 700,000 shares (aggregating up to ₹1.89 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 1,640,000 |
Share holding post issue | 2,340,000 |
Market Maker portion | 44,000 shares |
Olatech Solutions IPO offers 700,000 shares. 328,000 (46.86%) to NII, 328,000 (46.86%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 44,000 (6.29%) |
Other Shares Offered | 328,000 (46.86%) |
Retail Shares Offered | 328,000 (46.86%) |
Total Shares Offered | 700,000 (100%) |
Olatech Solutions IPO opens on August 12, 2022, and closes on August 19, 2022.
IPO Open Date | Friday, August 12, 2022 |
IPO Close Date | Friday, August 19, 2022 |
Basis of Allotment | Wednesday, August 24, 2022 |
Initiation of Refunds | Thursday, August 25, 2022 |
Credit of Shares to Demat | Friday, August 26, 2022 |
Listing Date | Monday, August 29, 2022 |
Cut-off time for UPI mandate confirmation | 5 PM on August 19, 2022 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹108,000 |
Retail (Max) | 1 | 4000 | ₹108,000 |
HNI (Min) | 2 | 8,000 | ₹216,000 |
Lot Size Calculator |
Mr. Amit Kumar Singh is the company promoter.
Share Holding Pre Issue | 92% |
Share Holding Post Issue | 64.48% |
Incorporated in 2014, Olatech Solutions Limited is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS - BSS (Operations Support System and Business Support System) segment. The company's software solutions are offered under the registered trademark "Epiphany".
Olatech Solutions Limited offers software solutions such as NOC tools, Network Monitoring, Management & Analytics, System Integration Services, Telecom Tower Installation, Network Deployment, Server Virtualization Services, IT Equipment Installation and Management Services, Data Centre Infrastructure Management Solutions, etc. The company has clients across different verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers and Public Sector.
The company is an ISO 9001:2015 certified company for software development, hardware deployment services, telecom services of installation & commissioning, telecom projects, software training, and government & non-government IT projects.
Competitive Strengths :
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
---|---|---|---|---|---|
31-Mar-19 | 71.01 | 74.21 | 10.41 | 65.37 | 64.37 |
31-Mar-20 | 189.2 | 835.35 | 51.58 | 116.96 | 115.96 |
31-Mar-21 | 148.69 | 549.23 | 12.32 | 129.28 | 128.28 |
31-Mar-22 | 229.95 | 262.15 | 35 | 164.28 | 164 |
Amount in ₹ Lakhs |
The market capitalization of Olatech Solutions IPO is Rs 6.32 Cr.
Pre IPO | Post IPO | |
---|---|---|
P/E (x) | 18 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in a highly competitive and fragmented segment. Its declining top line as well as the sustainability of super margins reported for FY22 raises concern. Around 29.6% of spending on the IPO process indicates the closure of funding arrangements for the IPO within close circles. A small equity base post-IPO also indicates longer duration for migration to mainboard. Better to stay away from this fully priced IPO. Read detail review...
The Olatech Solutions IPO is subscribed 598.82 times on August 19, 2022 5:37:00 PM. The public issue subscribed 679.94 times in the retail category, times in the QIB category, and 517.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 517.71 |
Retail | 679.94 |
Total | 598.82 |
Listing Date | August 29, 2022 |
BSE Script Code | 543578 |
NSE Symbol | |
ISIN | INE0M3901015 |
Final Issue Price | ₹27 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹27.00 |
₹51.30 |
₹51.30 |
₹53.85 |
₹53.85 |
Olatech Solutions Limited
Office No. 310, 3rd Floor, Rupa Solitaire,
Millennium Business Park, Thane-Belapur Road,
Mahape, Navi Mumbai – 400 710, Raigarh
Phone: 022 – 2778 0129
Email: investor@olatechs.com
Website: https://olatechs.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Olatech Solutions IPO is a SME IPO of 700,000 equity shares of the face value of ₹10 aggregating up to ₹1.89 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on August 12, 2022, and closes on August 19, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Olatech Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Olatech Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Olatech Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Olatech Solutions IPO opens on August 12, 2022 and closes on August 19, 2022.
Olatech Solutions IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in Olatech Solutions 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 Olatech Solutions IPO will be done on Wednesday, August 24, 2022, and the allotted shares will be credited to your demat account by Friday, August 26, 2022. Check the Olatech Solutions IPO allotment status.
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