Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Aug 12, 2022 - Fri, Aug 19, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 12, 2022
IPO Close
Fri, Aug 19, 2022
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹6.32 Cr
| IPO Date | 12 to 19 Aug, 2022 |
| Listed on | Mon, Aug 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 7,00,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 44,000 shares Shreni Shares Ltd. (agg. up to ₹0.1188 Cr) |
| Fresh Issue (Ex Market Maker) | 6,56,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 6,56,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 16,40,000 shares |
| Share Holding Post Issue | 23,40,000 shares |
| BSE Script Code | 543578 |
| ISIN | INE0M3901015 |
Olatech Solutions IPO comprises a total issue size of 7,00,000 shares. The net offer to the public is 6,56,000 shares, after excluding 44,000 shares allotted on a firm basis. Of the Net offer 3,28,000 (50.00%) allocated to NII 3,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,28,000 | 50.00% | 46.86% |
| Retail Shares Offered | 3,28,000 | 50.00% | 46.86% |
| Firm Reservations | |||
| Market Maker Shares Offered | 44,000 | 6.29% | |
| Total Shares Offered | 7,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 2.30 | 1.49 | 1.89 | 0.71 |
| Total Income | 2.62 | 5.49 | 8.35 | 0.74 |
| Profit After Tax | 0.35 | 0.12 | 0.52 | 0.10 |
| NET Worth | 1.64 | 1.29 | 1.17 | 0.65 |
| Reserves and Surplus | 1.64 | 1.28 | 1.16 | 0.64 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 0.88 |
| 2 | General Corporate Purpose | 0.45 |
| KPI | |
|---|---|
| ROE | 23.85 |
| ROCE | 21.31 |
| RoNW | 21.31 |
| PAT Margin | 13.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.13 | |
| P/E (x) | 18 | |
| Promoter Holding | 92% | 64.48% |
| Market Cap | ₹6.32 Cr. |
The Olatech Solutions IPO is subscribed 598.82 times on August 19, 2022 5:37:00 PM (Day 5). The public issue subscribed 679.94 times in the retail category, [.] times in the QIB category, and 517.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 517.71 | 3,28,000 | 16,98,08,000 |
| Retail | 679.94 | 3,28,000 | 22,30,20,000 |
| Total | 598.82 | 6,56,000 | 39,28,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.31 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.14 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹51.30 |
| Low | ₹51.30 |
| High | ₹53.85 |
| Last Trade | ₹53.85 |
Lead Manager Reports
Olatech Solutions IPO is a SME IPO of 7,00,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Aug 12, 2022, and closes on Fri, Aug 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 Fri, Aug 12, 2022 and closes on Fri, Aug 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 Fri, Aug 26, 2022. Check the Olatech Solutions IPO allotment status.
The Olatech Solutions IPO listing date is on Mon, Aug 29, 2022.
