Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Mon, Dec 28, 2015 - Thu, Dec 31, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 28, 2015
IPO Close
Thu, Dec 31, 2015
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹16.04 Cr
| IPO Date | 28 to 31 Dec, 2015 |
| Listed on | Thu, Jan 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,04,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 96,000 shares VCK Share & Stock Broking Services Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 16,08,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 16,08,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 47,10,500 shares |
| Share Holding Post Issue | 64,14,500 shares |
| BSE Script Code | 539570 |
| ISIN | INE742R01013 |
OFS Technologies IPO comprises a total issue size of 17,04,000 shares. The net offer to the public is 16,08,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,04,000 (50.00%) allocated to NII 8,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,04,000 | 50.00% | 47.18% |
| Retail Shares Offered | 8,04,000 | 50.00% | 47.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.63% | |
| Total Shares Offered | 17,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Strategic Acquisition(s)/ Joint Venture | 3.75 |
| 2 | General Corporate Purposes | 0.19 |
| 3 | Issue expenses | 0.32 |
| KPI | |
|---|---|
| RoNW | 20.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% | 73.43% |
| Market Cap | ₹16.04 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker, market making fees, selling commissions, Underwriting, SCSB commissions, brokerages, payment to other intermediaries such as Legal Advisors, | 0.33 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing Expense | 0.02 |
| 4 | Other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.75 |
| Low | ₹25.45 |
| High | ₹28.05 |
| Last Trade | ₹27.35 |
Lead Manager Reports
OFS Technologies IPO is a SME IPO of 17,04,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Dec 28, 2015, and closes on Thu, Dec 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 Mon, Dec 28, 2015 and closes on Thu, Dec 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 Thu, Jan 14, 2016.
