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OFS Technologies Ltd IPO (OFS Technologies IPO) Detail

Dec 28, 2015 - Dec 31, 2015

Incorporated in 2008, OFS Technologies Ltd is an IT company engaged in the business of software development. They are software development and Information technology outsourcing company with own ERP product division catering to the food processing industry.

They help software-enabled businesses to design, develop, test, and maintain their software products and applications, whether they are hosted, licensed, or mobile.

Company Promoters:

The promoters of the company are:

1. Mr Jesudas Premkumar Sebastian

Objects of the Issue:

The object of the issue are to:

1. Strategic acquisition(s) / joint venture;
2. General Corporate Purpose;
3. To meet Issue expenses.

OFS Technologies IPO Details

IPO Opening Date Dec 28, 2015
IPO Closing Date Dec 31, 2015
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹25 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size1,700,000 Eq Shares of ₹10
(aggregating up to ₹4.25 Cr)

OFS Technologies IPO Lot Size

The OFS Technologies IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹150,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹150,000
Maximum 1 6000 ₹150,000

OFS Technologies IPO Prospectus

OFS Technologies IPO Rating

55
3.5
Rating:Rated 3.5 stars
Vote Here ...

OFS Technologies IPO Listing Date

Listing Date Thursday, January 14, 2016
BSE Script Code 539570
NSE Symbol
Listing In MT Group of Securities
ISIN INE742R01013
IPO Price ₹25 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹26.75
₹25.45
₹28.05
₹27.35

Company Contact Information

OFS Technologies Ltd
No.510, 2nd Floor, 16th Cross,
2nd Stage, Indira Nagar,
Bangalore, Karnataka - 560038
Phone: +91 80 69999156
Email: info@ofstech.com
Website: http://www.ofstech.com

OFS Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

OFS Technologies IPO Reviews / Ratings

OFS Technologies IPO FAQs

OFS Technologies IPO is a SME IPO of 1,700,000 equity shares of the face value of ₹10 aggregating up to ₹4.25 Crores. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Dec 28, 2015, and closes on Dec 31, 2015.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The OFS Technologies IPO opens on Dec 28, 2015 and closes on Dec 31, 2015.

OFS Technologies IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in OFS 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 OFS Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the OFS Technologies IPO allotment status.

The OFS Technologies IPO listing date is on Thursday, January 14, 2016.

OFS Technologies IPO Message Board

Ranked Members  Ranked Members

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41. Shivajee |Apr 7, 2016 20:53
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Okay gentlemen and gentlewomen

This IPO matter is finished. Lets talk about next one.

What IPO is coming next and when?
40. IPOANALYSIS |Feb 17, 2016 22:00
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
HI GUYS

IF EVERYONE AGREE PLEASE PROVIDE YOUR EMAIL/PHONE NP. WE CAN SEND A NOTICE TO ITS BROKER VCK STOCK. IF YOU SEE VCK LOOKS TO BE MANIPULATING SHARE PRICE. AS A MARKET MAKER HE CANNOT SELL ALL SHARES AND TRADE LIKE THIS. AS A MARKET MAKER HE HAS TO PURCHASE STOCKS AND NOT SELL UNLESS HAVE SOMONE TO BUY TO CONTROL PRICE.

WE CAN ISSUE NOTICE TO COMPANY TOGETER AS WELL AS SEND MESSAGE TO SEBI TO BARRED VCK STOCK BROKERS FROM STOCK MARKET AND NOT ALLOW IT TO BE IN STOCK MARKET. IF YUO AGREE PLEASE REPLY URGENTY. YOU CAN SEND ME EMAIL AND WE CAN FORM GROUP TOGETHER.
39. Parminder Singh Mangat |Feb 9, 2016 20:51
21.50 Paise today... should we buy for long term or not?
38. IPOANALYSIS |Feb 9, 2016 18:23
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Vck brokers are the market maker for this ipo. They haven''''t purchased shares yet. I am going to complain with sebi in regards to this. They have to purchase it incase of less activity on sme. All those alloted share plz do the same. Also what is the news as to which company they are going to buyout. I have seen now that all chennai companies are chor
37. Ashish Pandya |Feb 4, 2016 14:06
One TIGHT Slap to those who are saying to avoid this IPO and withdraw application.

They all went disappear now

ha ha
36. IPOANALYSIS |Jan 18, 2016 23:49
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
What ia the of applyibg in sme when they go down on listing. It was well subsribed , got good rating, people do hard work to fill by forms even then this has gone down. Please boycott and dont apply in any sme in future
35. Shyam Agarwal |Jan 15, 2016 15:57
Today closed at 26.10. Purchased 12000 @ 26.50 for a investment period of 6-12 months.
35.2. DURAISWAMY |Jan 16, 2016 10:17
BEWARE MARKET CONDITION IS BAD.
35.3. atul |Feb 7, 2016 16:34
Top Contributor Top Contributor (200+ Posts)
Which broking is allowing this share trading
34. Vaibhav |Jan 14, 2016 13:24
SME IPO is for the people who have Patience and people who can do research on their own, not based on other advice. OFS TECH is very good listing comparing the market conditions.
33. bhanu prasanth |Jan 14, 2016 12:20
Now it''s touched upper circuit of 28.05.

It''s discovered price itself is 26.75, which is very good for an SME IPO. Till now I did not observe any SME trading in Pre-open Session (to my limited knowledge). So I think it may go >50 by 28th Jan. (I have seen that happening in ADCC infocad)
32. IPOANALYSIS |Jan 14, 2016 10:55
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Did not expect such listing. It is software company with no debt. Looks like people have not realised value.

sooner or later it will come to its fair value. remember good companies like shemaroo and shree pushkar too hit lower circuit of day 1 but now they are double issue price.

keep holding . i have infact ought 12000 shares at 25.80 today. it will surely touch 60 rs in 3-4 months.
32.1. bhanu prasanth |Jan 14, 2016 12:05
I think Who ever bought for 26 are lucky i guess.
It is now @ 27.9
In next 10 trading days I am expecting it to go to at least 35
31. thegreat |Jan 14, 2016 09:57
Bad listing Sold 6000 shares at 25.85
30. SONMAYA |Jan 13, 2016 15:32
Top Contributor Top Contributor (400+ Posts)
OFS TECHNOLOGIES....SHARES TO BE LISTED TOMMO...ON BSE SME...SCRIP CODE.....539570......GOOD LUCK TO ALL WHO HAVE BEEN ALLOTED....
29. arvind thakkar |Jan 13, 2016 15:24
LISTING FROM 14/1/2015 AS PER BSE CIRCULAR OF TODAY-13/1/2015
28. Shyam Agarwal |Jan 12, 2016 15:06
Retail 3.28 times
27. Shyam Agarwal |Jan 12, 2016 15:06
Issue was oversubscribed by 2.48 time overall.
RII #.28 times.
26. thegreat |Jan 12, 2016 11:29
The trading is proposed to be commenced on or before 14th January 2016 subject to receipt of listing and trading approvals from BSE Limited.
25. IPOANALYSIS |Jan 12, 2016 10:46
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)

check allotmet ratio below. it is one of the best subscription in SME. I see stellar listing for it.

http://www.capitalmarket.com/ipocentre/bashow.asp?code=66758

25.1. bhanu prasanth |Jan 12, 2016 11:05
Nice subscription from the retail investors. Let''s see how it fares.
24. SME IPO IS GOOD |Jan 11, 2016 18:00
I have following queries
1) I have Demat account with Axis Direct. But I was unable to apply for SME IPO becaAxis Direct is not supporting SME IPO. Can anybody provide me info about other Trading Platform which supports to subscribe for SME IPO.

2) Direct Link for Bigshare where I can get the Subscription status.

3) What is the listing date of OFS Technologies LTD.
23. Manipo |Jan 11, 2016 11:24
Top Contributor Top Contributor (200+ Posts)
OFS tech allotment status is now visible on bigshare website
22. anudeep Rastogi |Jan 11, 2016 11:21
Plz somebody let us know the listing date?
22.1. siva kumar vkl |Jan 12, 2016 12:17
date of listing is 14th january