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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 Opening Date | Mar 17, 2017 |
| IPO Closing Date | Mar 24, 2017 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| Issue Size | 955,200 Eq Shares of ₹10 (aggregating up to ₹8.60 Cr) |
The Octaware Technologies IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹144,000 |
| Maximum | 1 | 1600 | ₹144,000 |
The Octaware Technologies IPO is subscribed times on Mar 24, 2017 18:20. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Monday, April 3, 2017 |
| BSE Script Code | 540416 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE208U01019 |
| IPO Price | ₹90 per equity share |
| Face Value | ₹10 per equity share |
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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
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 is priced at ₹90 per equity 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 1600 Shares.
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.
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Very consistent company - share price never breaches 90-91.
Should exit with happiness that we are not making any loss.