Olatech Solutions Limited IPO Detail
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 :
- Experienced Promoter and a well-trained employee base.
- Our solutions are robust, trusted & industry proven.
- Technology and Quality Certifications.
- Strengthen human capital.
- Cost Advantage and Centre of Excellence.
Company Promoters
Mr. Amit Kumar Singh is the company promoter.IPO Details
| IPO Opening Date | Aug 12, 2022 |
| IPO Closing Date | Aug 19, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹1.89 Cr |
| Fresh Issue | 700,000 shares of ₹10 (aggregating up to ₹1.89 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.28x | 10.87x | 6.57x | |
| Day 2 | - | - | 4.21x | 39.72x | 21.96x | |
| Day 3 | - | - | 0.00x | 0.00x | 39.72x | |
| Day 4 | - | - | 0.00x | 360.02x | 219.79x | |
| Day 5 | - | - | 517.71x | 0.00x | 0.00x | |
| Day 6 | - | - | 0.00x | 360.02x | 219.79x | |
| Day 7 | - | - | 0.00x | 360.02x | 219.79x | |
| Day 8 | - | - | 0.00x | 360.02x | 219.79x | |
| Day 9 | - | - | 0.00x | 360.02x | 219.79x |
IPO Tentative Timetable
The Olatech Solutions Limited IPO open date is Aug 12, 2022, and the close date is Aug 19, 2022. The issue may list on Aug 29, 2022.
| IPO Open Date | Aug 12, 2022 |
| IPO Close Date | Aug 19, 2022 |
| Basis of Allotment Date | Aug 24, 2022 |
| Initiation of Refunds | Aug 25, 2022 |
| Credit of Shares to Demat Account | Aug 26, 2022 |
| IPO Listing Date | Aug 29, 2022 |
IPO Lot Size
The Olatech Solutions Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108000 |
| Maximum | 1 | 4000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 189.2 | 835.35 | 51.58 |
| 31-Mar-21 | 148.69 | 549.23 | 12.32 |
| 31-Mar-22 | 186.1 | 147.37 | 22.36 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements.
- General corporate purposes.
Olatech Solutions Limited IPO Registrar:
Skyline Financial Services Private Ltd
Olatech Solutions Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Company Contact Information:
Olatech Solutions Limited
Office No. 310, 3rd Floor, Rupa Solitaire, Millennium Business Park, Thane-Belapur Road,
Mahape, Navi Mumbai – 400 710,Raigarh
Mumbai
