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Olatech Solutions Limited IPO (Olatech Solutions IPO) Detail

August 12, 2022 - August 19, 2022

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.

Olatech Solutions IPO Details

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 Size700,000 shares
(aggregating up to ₹1.89 Cr)
Fresh Issue700,000 shares
(aggregating up to ₹1.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue1,640,000
Share holding post issue2,340,000
Market Maker portion44,000 shares

Olatech Solutions IPO Reservation

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 Offered44,000 (6.29%)
Other Shares Offered328,000 (46.86%)
Retail Shares Offered328,000 (46.86%)
Total Shares Offered700,000 (100%)

Olatech Solutions IPO Timeline (Tentative Schedule)

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

Olatech Solutions IPO Lot Size

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

Olatech Solutions IPO Promoter Holding

Mr. Amit Kumar Singh is the company promoter.

Share Holding Pre Issue 92%
Share Holding Post Issue 64.48%

About Olatech Solutions Limited

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 :

  • Experienced Promoter and a well-trained employee base.
  • The company's solutions are robust, trusted & industry proven.
  • Technology and Quality Certifications.
  • Strengthen human capital.
  • Cost Advantage and Centre of Excellence.

Company Financials

Olatech Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1971.0174.2110.4165.3764.37
31-Mar-20189.2835.3551.58116.96115.96
31-Mar-21148.69549.2312.32129.28128.28
31-Mar-22229.95262.1535164.28164
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Olatech Solutions IPO is Rs 6.32 Cr.

Pre IPO Post IPO
P/E (x) 18

Objects of the Issue (Olatech Solutions IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding working capital requirements.
  2. General corporate purposes.

Olatech Solutions IPO Review (Avoid)

[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...


Olatech Solutions IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other517.71
Retail679.94
Total598.82

Olatech Solutions IPO Prospectus

Olatech Solutions IPO Rating

398
4.2
Rating:Rated 4.2 stars
Vote Here ...

Olatech Solutions IPO Listing Details

Listing Date August 29, 2022
BSE Script Code 543578
NSE Symbol
ISIN INE0M3901015
Final Issue Price ₹27 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹51.30
₹51.30
₹53.85
₹53.85

Check IPO Performance…

Olatech Solutions Limited Contact Details

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/

Olatech Solutions IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Olatech Solutions IPO - Buy or Not

Olatech Solutions IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 8 0 0

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Olatech Solutions IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Olatech Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Olatech Solutions IPO listing date is on August 29, 2022.
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Olatech Solutions IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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569 Comments

222. RAKA GANGAPUR |   Link |  Bookmark |September 16, 2022 12:23:37 PM
Out of 16 lakh Shares Allotted around 9.32 Lakh Shares has been Traded till now,
221. Abhii VPG |   Link |  Bookmark |September 14, 2022 12:08:43 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Almost 3x of issue price within 15 days of listing.
Congrats to allottees 🎉
220. Rathod |   Link |  Bookmark |September 5, 2022 4:38:37 PM
Huge volume of 4.04 lakh shares
with open low & close at UC 65.35
220.17. MehulStk |   Link |  Bookmark |September 15, 2022 4:57:37 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
I sold my one lot today.
220.18. MehulStk |   Link |  Bookmark |September 19, 2022 11:45:54 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Rhetan fly to 20% UC today, do you know why any news or operators play?
219. MehulStk |   Link |  Bookmark |September 5, 2022 12:33:50 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
384000shares, more than 50% lots sold today all absorbed, interesting to see what will happened tomorrow. UC OR LC ?
218. Rajggggg |   Link |  Bookmark |September 2, 2022 12:42:51 PM
When will circuit open
217. CAAnil |   Link |  Bookmark |September 2, 2022 9:16:21 AM
This may touch 3 digits figure...Upper circuit is so strong and size of ipo is vwry small
216. ColdBurger |   Link |  Bookmark |September 1, 2022 9:56:28 AM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
ये तो रोज सोने की अंडे देने वाली चिड़िया निकली। 200 तक UC नही टूटेगा शायद। ऑपरेटर्स को कोई चांस ही नही मिलेगा RI and HNI ही खेलेंगे केवल।
215. hunt |   Link |  Bookmark |August 29, 2022 5:48:54 PM
Money is not refund anyone facing same problem
215.1. Sunmoney |   Link |  Bookmark |August 30, 2022 10:11:58 AM
Yes bro
How to resolve this.
All experts please show us the direction.
215.2. Rathod |   Link |  Bookmark |August 31, 2022 2:54:25 AM
Call ur bank
214. Amit Surana |   Link |  Bookmark |August 30, 2022 10:50:59 AM (400+ Posts)
in BOA
is there a POINT in ratio... first two ?
1:4.05
1:1.35
???????
213. MehulStk |   Link |  Bookmark |August 29, 2022 11:02:35 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
bought one @53.85
213.8. lokes |   Link |  Bookmark |August 29, 2022 8:17:19 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
@coldburger: nothing to be sorry, i can understand that your first sme so you played safe and my value was not for listing that was for profit booking, expected listing range was around 55 atleast but it listed below due to circuit limit in bse else it would have listed too high...
And that other comment from noorul regarding purchase in preopen can backfire was mainly when some sme is listing much higher than expectations like vivo/agni/veekayem etc , so purchasing at such high rates in preopen can backfire....but here it didn't listed too high like 65-70 etc....
Anyways congratulations for your big profit here....good luck for future....opportunities keep coming....
213.9. ColdBurger |   Link |  Bookmark |August 29, 2022 8:43:32 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
Thank you @Noorul and @Lokes for valuable advice. You people are gem of this forum always willing to help others. I will be more thoughtful next time. Such small amount for IPO puzzled me as well.

Need to remember what RJ told: Think 20 times before you buy and think 50 times before you sell.
212. Trueinfo |   Link |  Bookmark |August 29, 2022 1:14:27 PM
IPO Guru IPO Guru (1900+ Posts, 1700+ Likes)
Good listing in weak market.
212.2. Rathod |   Link |  Bookmark |August 29, 2022 4:01:00 PM
5% Circuit limit for tomo.
212.3. checkmate |   Link |  Bookmark |August 29, 2022 5:56:13 PM
@ColdBurger

It will have 5% circuit for 10 trading days, if there is continued demand (or supply) at the UC (or LC). There being very few lots for trade, the UC may continue seeing that the outstanding demand today was more than the free float available.

Allottees or pre-open buyers should hold at least till September Half Yearly results.

Gut feeling says it could go CWD way. Amen!!
211. Arca |   Link |  Bookmark |August 29, 2022 11:07:54 AM (1000+ Posts, 500+ Likes)
Market is down but all smes are in buying spree
211.1. Takamichi |   Link |  Bookmark |August 29, 2022 1:25:32 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Not all.... On agri , kck, le merite etc etc....they are struggling as they have been for months.... Giving them 1 more quarter....will loose them up on next result
210. Takamichi |   Link |  Bookmark |August 29, 2022 11:46:56 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Seeing subscription numbers....dont see much of a buzz in listing day....😅....
Less people having active stakes still expected better turnout here .....
209. MADAN LAL GARG |   Link |  Bookmark |August 29, 2022 11:10:08 AM
Any news for Precission Metalic,Sawraj Suiting
208. Arca |   Link |  Bookmark |August 29, 2022 10:40:16 AM (1000+ Posts, 500+ Likes)
Why circuit limits are not changing is it because of bse sme?
208.4. ColdBurger |   Link |  Bookmark |August 29, 2022 11:04:52 AM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
One week hand exited @53.85...that is me. No idea if circuit can revise, seeing market mood not decided to take risk.
208.5. Arca |   Link |  Bookmark |August 29, 2022 11:05:11 AM (1000+ Posts, 500+ Likes)
@devbull i didn't mean that. Usually IPOs price band changes with high demand but nothing happened today. I don't know why
207. Takamichi |   Link |  Bookmark |August 29, 2022 11:02:56 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Robbed some people of quite a lot money and may be saved few from fomo destruction.....
206. CAAnil |   Link |  Bookmark |August 29, 2022 9:31:44 AM
Expected listing price 80
206.2. Navi Agarwal |   Link |  Bookmark |August 29, 2022 10:40:58 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
@coldburger pls tell me why are not moving maximum bid price..normally in preopening session of ipo price update in every 5 minutes
206.3. CAAnil |   Link |  Bookmark |August 29, 2022 10:51:11 AM
@coldburger yes you are right...I wqs also not aware of this rule...what is this maximum bid price on bse...how this is calculated
205. CAAnil |   Link |  Bookmark |August 29, 2022 10:17:28 AM
Can anybody please share preopen link
204. Rathod |   Link |  Bookmark |August 28, 2022 12:49:27 AM
Very very few lots available.
Wont be suprised to see 100 mark.
204.7. Rathod |   Link |  Bookmark |September 3, 2022 11:58:59 PM
Kidhar ho takamichi
hasi aa rahi thi
204.8. ColdBurger |   Link |  Bookmark |September 4, 2022 8:03:57 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
@Rathod mujhe to Rona aa raha golden bird ko kho kar. Once in life time opportunity this 1 ka 8 to hoga hi. Kismat, kaash mai SME ka idea liya hota pahle se to aisi galti nahi karta. For me 100% gain was enough, mainline mein to 50% ho jaye to super se upar kaha jata. Enjoy the run 8 lakh bana ke hi chorna.
203. lokes |   Link |  Bookmark |August 26, 2022 2:26:41 PM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
fidel, skp going good from 1-2 days....lemerit also gave good move upto 75....
prevest also going good....
203.5. ColdBurger |   Link |  Bookmark |August 27, 2022 6:59:50 PM
IPO Mentor IPO Mentor (1400+ Posts, 400+ Likes)
@Lokes - Do you think we can keep Ola tech for few quarters? Or it must be exited with listing profit?
203.6. lokes |   Link |  Bookmark |August 29, 2022 12:40:29 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
@GJ: yes its looks like big people's money coming in, not sure about reason, mainly its seen some good sme's shows good upmoves suddenly some day without any reason....
@PramodNaik: its consolidating around these levels from sometime, hopefully it will show good upmove some day, its having good business, we can have patience and keep holding, i am also holding this....
ColdBurger : if getting good price during listing like around/above 65 levels then profit can be booked if allotted....company sector is good but revenue's were decreasing from 3 years...so its performance will depend on future results too...