Incorporated in 2005, Octaware Technologies Ltd is a software development company provides a range of information technology solutions. The company designs, develops, and maintains software systems and solutions. Company's services include custom software development, ECM/portal solution, ERP and CRM implementation, mobile platform solution, RFID solution, cloud and IT infrastructure services, consulting services and geospatial services.
Octaware provides specialized software application and product development services and solutions in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM â€“ Human Capital Relationship Management, Hospice â€“ Healthcare and Citizen services solution, and iOnAsset â€“ Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.
The promoters of the company are:
1. Mr. Aslam Khan and
2. Mr. Sajid Hameed
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax (PAT)||109.37||149.56||114.79||133.91|
The object of the issue are:
1. Investment in their subsidiary company â€“ Octaware Technologies Gulf FZE
2. General Corporate Purposes.
»» Issue Open: Mar 17, 2017 - Mar 24, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 955,200 Equity Shares of Rs 10 aggregating up to Rs 8.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 90 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: BSE SME
Octaware Technologies IPO Subscription Status tells if Octaware Technologies IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Octaware Technologies IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 17, 2017 21:10 IST||88,000|
|Day 2 - Mar 20, 2017 20:00 IST||232,000|
|Day 3 - Mar 21, 2017 18:40 IST||508,800|
|Day 4 - Mar 22, 2017 18:50 IST||737,600|
|Day 5 - Mar 23, 2017 18:00 IST||1,168,000|
|Day 6 - Mar 24, 2017 18:20 IST||1,856,000|
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