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Octaware Technologies Ltd IPO (Octaware Technologies IPO) Detail

Mar 17, 2017 - Mar 24, 2017

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 – Human Capital Relationship Management, Hospice – Healthcare and Citizen services solution, and iOnAsset – 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.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-16 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 936.95 848.62 574.90 461.24
Total Revenue 363.58 730.63 551.65 409.83
Profit After Tax (PAT) 109.37 149.56 114.79 133.91

Objects of the Issue

The object of the issue are:

1. Investment in their subsidiary company – Octaware Technologies Gulf FZE
2. General Corporate Purposes.

Octaware Technologies IPO Details

Octaware Technologies IPO Date Mar 17, 2017 to Mar 24, 2017
Octaware Technologies IPO Face Value ₹10 per share
Octaware Technologies IPO Price ₹90 per share
Octaware Technologies IPO Lot Size 1600 Shares
Issue Size955,200 shares of ₹10
(aggregating up to ₹8.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr. Aslam Khan and
2. Mr. Sajid Hameed

Octaware Technologies IPO Lot Size

The Octaware Technologies IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹144,000
Retail (Max) 1 1600 ₹144,000

Octaware Technologies IPO Review

As the issue appears to have been fully priced, only cash surplus risk savvy investors may consider it for long term. Read detail review...


Octaware Technologies IPO Subscription Status (Bidding Detail)

The Octaware Technologies IPO is subscribed times on Mar 24, 2017 6:20:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Octaware Technologies IPO Prospectus

Octaware Technologies IPO Rating

28
2.8
Rating:Rated 2.8 stars
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Octaware Technologies IPO Listing Date

Listing Date Monday, April 3, 2017
BSE Script Code 540416
NSE Symbol
Listing In M Group of Securities
ISIN INE208U01019
IPO Price ₹90 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹90.00
₹91.00
₹90.10
₹93.00
₹90.55

Company Contact Information

Octaware Technologies Ltd
204, Timmy Arcade,
Makwana Road,
Marol. Andheri (East), Mumbai
Phone: +91–22–4023 1431
Email: investor@octaware.com
Website: http://www.octaware.com

Octaware Technologies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Octaware Technologies IPO Review

Octaware Technologies IPO Recommendation Summary

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Octaware Technologies IPO FAQs

Octaware Technologies IPO is a SME IPO of 955,200 equity shares of the face value of ₹10 aggregating up to ₹8.60 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Mar 17, 2017, and closes on Mar 24, 2017.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Octaware Technologies IPO opens on Mar 17, 2017 and closes on Mar 24, 2017.

Octaware Technologies IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Octaware Technologies IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Octaware Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Octaware Technologies IPO allotment status.

The Octaware Technologies IPO listing date is on Monday, April 3, 2017.
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Octaware Technologies IPO Message Board

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2 Comments

2. Prabhakaran Kuppusamy |   Link |May 11, 2017 4:11:28 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
LOL.
Very consistent company - share price never breaches 90-91.
Should exit with happiness that we are not making any loss.
1. NARENDRA KOTECHA |   Link |Mar 18, 2017 7:11:18 PM
Pl give review of this issue