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Olatech Solutions IPO is a fixed price issue of ₹1.89 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹1.89 crore.
Olatech Solutions IPO bidding started from Aug 12, 2022 and ended on Aug 19, 2022. The allotment for Olatech Solutions IPO was finalized on Aug 24, 2022. The shares got listed on BSE SME on Aug 29, 2022.
Olatech Solutions IPO price is ₹27.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Shreni Shares Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Olatech Solutions IPO RHP for detailed Information.
| IPO Date | August 12, 2022 to August 19, 2022 |
| Listing Date | August 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,00,000 shares (aggregating up to ₹1.89 Cr) |
| Reserved for Market Maker | 44,000 shares Shreni Shares Ltd. (aggregating up to ₹0.1188 Cr) |
| Net Offered to Public | 6,56,000 shares (aggregating up to ₹1.77 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 16,40,000 shares |
| Share Holding Post Issue | 23,40,000 shares |
Olatech Solutions IPO offers total 7,00,000 shares. Out of which 3,28,000 (46.86%) allocated to NII, 3,28,000 (46.86%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 44,000 (6.29%) |
| NII (HNI) Shares Offered | 3,28,000 (46.86%) |
| Retail Shares Offered | 3,28,000 (46.86%) |
| Total Shares Offered | 7,00,000 (100.00%) |
Olatech Solutions IPO opens on August 12, 2022, and closes on August 19, 2022.
| IPO Open Date | Fri, Aug 12, 2022 |
| IPO Close Date | Fri, Aug 19, 2022 |
| Tentative Allotment | Wed, Aug 24, 2022 |
| Initiation of Refunds | Thu, Aug 25, 2022 |
| Credit of Shares to Demat | Fri, Aug 26, 2022 |
| Tentative Listing Date | Mon, Aug 29, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 19, 2022 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 71.01 | 74.21 | 10.41 | 65.37 | 64.37 |
| 31-Mar-20 | 189.2 | 835.35 | 51.58 | 116.96 | 115.96 |
| 31-Mar-21 | 148.69 | 549.23 | 12.32 | 129.28 | 128.28 |
| 31-Mar-22 | 229.95 | 262.15 | 35 | 164.28 | 164 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Olatech Solutions IPO is ₹6.32 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
| Listing Date | August 29, 2022 |
| BSE Script Code | 543578 |
| NSE Symbol | |
| ISIN | INE0M3901015 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹51.30 |
| Low | ₹51.30 |
| High | ₹53.85 |
| Last Trade | ₹53.85 |
Olatech Solutions Ltd.
Office No. 310, 3rd Floor, Rupa Solitaire,
Millennium Business Park, Thane-Belapur Road,
Mahape
Navi Mumbai, Maharashtra, 400710
Phone: 022 – 2778 0129
Email: investor@olatechs.com
Website: https://olatechs.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Olatech Solutions IPO is a SME IPO of 7,00,000 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.
The IPO opens on August 12, 2022, and closes on August 19, 2022.
Skyline Financial 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 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
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, and the minimum amount required for application is ₹1,08,000.
You can apply in Olatech Solutions 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 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 Monday, August 29, 2022.
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