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Octaware Technologies IPO is a fixed price issue of ₹8.60 crores. The issue is a combination of fresh issue of 0.04 crore shares aggregating to ₹4.01 crores and offer for sale of 0.05 crore shares aggregating to ₹4.59 crores.
Octaware Technologies IPO bidding started from Mar 17, 2017 and ended on Mar 24, 2017. The shares got listed on BSE SME on Apr 3, 2017.
Octaware Technologies IPO price is ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,55,200 shares (aggregating up to ₹8.60 Cr) |
| Reserved for Market Maker | 49,600 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.4464 Cr) |
| Fresh Issue (Ex Market Maker) | 3,95,600 shares (aggregating up to ₹3.56 Cr) |
| Offer for Sale | 5,10,000 shares of ₹10 (aggregating up to ₹4.59 Cr) |
| Net Offered to Public | 9,05,600 shares (aggregating up to ₹8.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 31,45,403 shares |
| Share Holding Post Issue | 35,90,603 shares |
Octaware Technologies IPO offers total 9,55,200 shares. Out of which 4,52,800 (47.40%) allocated to NII, 4,52,800 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 49,600 (5.19%) |
| NII (HNI) Shares Offered | 4,52,800 (47.40%) |
| Retail Shares Offered | 4,52,800 (47.40%) |
| Total Shares Offered | 9,55,200 (100.00%) |
Octaware Technologies IPO opens on March 17, 2017, and closes on March 24, 2017.
| IPO Open Date | Fri, Mar 17, 2017 |
| IPO Close Date | Fri, Mar 24, 2017 |
| Tentative Listing Date | Mon, Apr 3, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 24, 2017 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
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 Company Octaware Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Investment in the subsidiary company – Octaware Technologies Gulf FZE | 3.42 |
| 2 | General Corporate Purposes | 0.39 |
[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...
| Listing Date | April 3, 2017 |
| BSE Script Code | 540416 |
| NSE Symbol | |
| ISIN | INE208U01019 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹91.00 |
| Low | ₹90.10 |
| High | ₹93.00 |
| Last Trade | ₹90.55 |
Octaware Technologies Ltd.
204, Timmy Arcade,
Makwana Road,
Marol. Andheri (East), Mumbai
Andheri, Maharashtra, 400059
Phone: +91–22–4023 1431
Email: investor@octaware.com
Website: http://www.octaware.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Octaware Technologies IPO is a SME IPO of 9,55,200 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.
The IPO opens on March 17, 2017, and closes on March 24, 2017.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Octaware Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Octaware Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Octaware Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Octaware Technologies IPO opens on March 17, 2017 and closes on March 24, 2017.
Octaware Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Octaware Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Octaware Technologies IPO listing date is on Monday, April 3, 2017.
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