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.
The promoters of the company are:
1. Mr. Aslam Khan and
2. Mr. Sajid Hameed
| 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 |
The object of the issue are:
1. Investment in their subsidiary company – Octaware Technologies Gulf FZE
2. General Corporate Purposes.
| IPO Date | Mar 17, 2017 - Mar 24, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 955,200 Eq Shares of ₹10 (aggregating up to ₹8.60 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹90 Per Equity Share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144,000 |
| Maximum | 1 | 1600 | ₹144,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Mar 24, 2017 18:20 | ||||||
| Listing Date | Monday, April 3, 2017 |
| BSE Script Code | 540416 |
| NSE Symbol | |
| Listing In | M |
| ISIN | INE208U01019 |
| IPO Price | ₹90 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
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 price of the IPO is ₹90 Per Equity Share. The minimum order quantity is 1600 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Octaware Technologies IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
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Very consistent company - share price never breaches 90-91.
Should exit with happiness that we are not making any loss.