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OFS Technologies Ltd IPO (OFS Technologies IPO) Detail

December 28, 2015 - December 31, 2015

OFS Technologies IPO is a fixed price issue of Rs 4.25 crores.

OFS Technologies IPO bidding started from December 28, 2015 and ended on December 31, 2015. The shares got listed on BSE SME on January 14, 2016.

OFS Technologies IPO price is ₹25 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹150,000.

V B Desai Financial Services Limited is the book running lead manager of the OFS Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to OFS Technologies IPO DRHP for detailed information.

OFS Technologies IPO Details

IPO Date December 28, 2015 to December 31, 2015
Listing Date January 14, 2016
Face Value ₹10 per share
Price ₹25 per share
Lot Size 6000 Shares
Total Issue Size1,700,000 shares
(aggregating up to ₹4.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

OFS Technologies IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹150,000
Retail (Max) 1 6000 ₹150,000
Lot Size Calculator

About OFS Technologies Ltd

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.

Objects of the Issue (OFS Technologies IPO Objectives)

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 Review (Apply)

[Dilip Davda]  

Considering reasonable pricing of the IPO, investors can plan long term investment, as most of SME IPOs have given some rewards post listings in the process.

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OFS Technologies IPO Prospectus

OFS Technologies IPO Rating

55
3.5
Rating:Rated 3.5 stars
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OFS Technologies IPO Listing Details

Listing Date January 14, 2016
BSE Script Code 539570
NSE Symbol
ISIN INE742R01013
Final Issue Price ₹25 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹25.00
₹26.75
₹25.45
₹28.05
₹27.35

Check IPO Performance…

OFS Technologies Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

OFS Technologies IPO - Buy or Not

OFS Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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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 share. The minimum order quantity is 6000 Shares.

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

OFS Technologies IPO lot size is 6000 Shares, and the minimum amount required is ₹150,000.

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, Nuvama, 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 January 14, 2016.
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OFS Technologies IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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50 Comments

41. Shivajee |   Link |  Bookmark |April 7, 2016 8:53:20 PM (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 |   Link |  Bookmark |February 17, 2016 10:00:54 PM
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 |   Link |  Bookmark |February 9, 2016 8:51:09 PM
21.50 Paise today... should we buy for long term or not?
38. IPOANALYSIS |   Link |  Bookmark |February 9, 2016 6:23:41 PM
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 |   Link |  Bookmark |February 4, 2016 2:06:30 PM
One TIGHT Slap to those who are saying to avoid this IPO and withdraw application.

They all went disappear now

ha ha
36. IPOANALYSIS |   Link |  Bookmark |January 18, 2016 11:49:42 PM
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 |   Link |  Bookmark |January 15, 2016 3:57:23 PM
Today closed at 26.10. Purchased 12000 @ 26.50 for a investment period of 6-12 months.
35.2. DURAISWAMY |   Link |  Bookmark |January 16, 2016 10:17:33 AM
BEWARE MARKET CONDITION IS BAD.
35.3. atul |   Link |  Bookmark |February 7, 2016 4:34:02 PM (300+ Posts)
Which broking is allowing this share trading
34. Vaibhav |   Link |  Bookmark |January 14, 2016 1:24:24 PM
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 |   Link |  Bookmark |January 14, 2016 12:20:12 PM
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 |   Link |  Bookmark |January 14, 2016 10:55:51 AM
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 |   Link |  Bookmark |January 14, 2016 12:05:29 PM
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 |   Link |  Bookmark |January 14, 2016 9:57:15 AM
Bad listing Sold 6000 shares at 25.85
30. SONMAYA |   Link |  Bookmark |January 13, 2016 3:32:43 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
OFS TECHNOLOGIES....SHARES TO BE LISTED TOMMO...ON BSE SME...SCRIP CODE.....539570......GOOD LUCK TO ALL WHO HAVE BEEN ALLOTED....
29. arvind thakkar |   Link |  Bookmark |January 13, 2016 3:24:14 PM
LISTING FROM 14/1/2015 AS PER BSE CIRCULAR OF TODAY-13/1/2015
28. Shyam Agarwal |   Link |  Bookmark |January 12, 2016 3:06:46 PM
Retail 3.28 times
27. Shyam Agarwal |   Link |  Bookmark |January 12, 2016 3:06:19 PM
Issue was oversubscribed by 2.48 time overall.
RII #.28 times.
26. thegreat |   Link |  Bookmark |January 12, 2016 11:29:36 AM
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 |   Link |  Bookmark |January 12, 2016 10:46:01 AM

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 |   Link |  Bookmark |January 12, 2016 11:05:08 AM
Nice subscription from the retail investors. Let''s see how it fares.
24. SME IPO IS GOOD |   Link |  Bookmark |January 11, 2016 6:00:18 PM
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 |   Link |  Bookmark |January 11, 2016 11:24:55 AM (200+ Posts)
OFS tech allotment status is now visible on bigshare website
22. anudeep Rastogi |   Link |  Bookmark |January 11, 2016 11:21:46 AM
Plz somebody let us know the listing date?
22.1. siva kumar vkl |   Link |  Bookmark |January 12, 2016 12:17:10 PM
date of listing is 14th january