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OFS Technologies IPO is a fixed price issue of ₹4.26 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹4.26 crore.
OFS Technologies IPO bidding started from Dec 28, 2015 and ended on Dec 31, 2015. The shares got listed on BSE SME on Jan 14, 2016.
OFS Technologies IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
V.B.Desai Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is VCK Share & Stock Broking Services Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,04,000 shares (aggregating up to ₹4.26 Cr) |
| Reserved for Market Maker | 96,000 shares VCK Share & Stock Broking Services Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 16,08,000 shares (aggregating up to ₹4.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 47,10,500 shares |
| Share Holding Post Issue | 64,14,500 shares |
OFS Technologies IPO offers total 17,04,000 shares. Out of which 8,04,000 (47.18%) allocated to NII, 8,04,000 (47.18%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.63%) |
| NII (HNI) Shares Offered | 8,04,000 (47.18%) |
| Retail Shares Offered | 8,04,000 (47.18%) |
| Total Shares Offered | 17,04,000 (100.00%) |
OFS Technologies IPO opens on December 28, 2015, and closes on December 31, 2015.
| IPO Open Date | Mon, Dec 28, 2015 |
| IPO Close Date | Thu, Dec 31, 2015 |
| Tentative Listing Date | Thu, Jan 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 31, 2015 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company OFS 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 | Strategic Acquisition(s)/ Joint Venture | 3.75 |
| 2 | General Corporate Purposes | 0.19 |
| 3 | Issue expenses | 0.32 |
[Dilip Davda] <p><strong>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.</strong></p> Read detail review...
| Listing Date | January 14, 2016 |
| BSE Script Code | 539570 |
| NSE Symbol | |
| ISIN | INE742R01013 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.75 |
| Low | ₹25.45 |
| High | ₹28.05 |
| Last Trade | ₹27.35 |
OFS Technologies Ltd.
No.510, 2nd Floor, 16th Cross,
2nd Stage,
Indira Nagar,
Bangalore Urban, 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
OFS Technologies IPO is a SME IPO of 17,04,000 equity shares of the face value of ₹10 aggregating up to ₹4.26 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
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.
Zerodha customers can apply online in OFS Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in OFS Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in OFS Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The OFS Technologies IPO opens on December 28, 2015 and closes on December 31, 2015.
OFS Technologies IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in OFS 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 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.
The OFS Technologies IPO listing date is on Thursday, January 14, 2016.
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