Octaware Technologies IPO vs Prime Customer IPO

Comparison between Octaware Technologies IPO and Prime Customer IPO.

IPO Details

Octaware Technologies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Prime Customer IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Octaware Technologies IPO is up to ₹8.15 Cr whereas the issue size of the Prime Customer IPO is up to ₹6.91 Cr. The final issue price of Octaware Technologies IPO is ₹90.00 per share and of Prime Customer IPO is ₹60.00 per share.

 Octaware Technologies IPOPrime Customer IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹90.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size3,95,600 shares3,88,000 shares
Fresh Issue Size (Amount)up to ₹3.56 Crup to ₹2.33 Cr
OFS Issue Size5,10,000 shares7,64,000 shares
OFS Issue Size (Amount)up to ₹4.59 Crup to ₹4.58 Cr
Issue Size Total9,05,600 shares11,52,000 shares
Issue Size Total (Amount)up to ₹8.15 Crup to ₹6.91 Cr

IPO Timetable

Octaware Technologies IPO opens on Mar 17, 2017, while Prime Customer IPO opens on Mar 20, 2017. The closing date of Octaware Technologies IPO and Prime Customer IPO is Mar 24, 2017, and Mar 23, 2017, respectively.

 Octaware Technologies IPOPrime Customer IPO
Issue OpenMar 17, 2017Mar 20, 2017
Issue CloseMar 24, 2017Mar 23, 2017
Basis Of Allotment (Tentative)Mar 29, 2017Mar 28, 2017
Listing date (Tentative)Apr 03, 2017Mar 31, 2017

Financials & KPIs

Octaware Technologies IPO P/E ratio is 14, as compared to Prime Customer IPO P/E ratio of .

 Octaware Technologies IPOPrime Customer IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets5.335.334.694.02
Total Income0.382.333.293.08
Profit After Tax0.020.380.760.75
NET Worth5.025.004.513.76
Reserves and Surplus2.162.141.491.75
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets7.607.076.115.64
Total Income13.9221.0519.6217.48
Profit After Tax0.250.270.080.10
EBITDA0.591.030.720.62
NET Worth3.963.712.471.94
Reserves and Surplus0.922.191.551.39
Total Borrowing2.582.052.061.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)66.88%91.93%
Promoter Shareholding (Post-Issue)48.18%58.21%
P/E Ratio14
Market Cap₹32.32 Cr.₹20.96 Cr.

Shares Offered

In the Octaware Technologies IPO Retail Individual Investors (RII) are offered 4,52,800 shares while in Prime Customer IPO retail investors are offered 4,52,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Octaware Technologies IPO and 0 shares in Prime Customer IPO.

 Octaware Technologies IPOPrime Customer IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation49,600 shares62,000 shares
QIB0 shares0 shares
NII4,52,800 shares5,76,000 shares
RII4,52,800 shares5,76,000 shares
Employee0 shares0 shares
Total9,05,600 shares11,52,000 shares

Bids Received (Subscription)

Octaware Technologies IPO subscribed 2.05x in total, whereas Prime Customer IPO subscribed 1.37x.

 Octaware Technologies IPOPrime Customer IPO
NII (times)0.00x0.00x
RII (times)0.00x0.00x
Total (times)2.05x1.37x

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