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Olatech Solutions Limited IPO (Olatech Solutions IPO) Detail

Aug 12, 2022 - Aug 19, 2022

Incorporated in 2014, Olatech Solutions Limited is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS - BSS (Operations Support System and Business Support System) segment. The company's software solutions are offered under the registered trademark "Epiphany".

Olatech Solutions Limited offers software solutions such as NOC tools, Network Monitoring, Management & Analytics, System Integration Services, Telecom Tower Installation, Network Deployment, Server Virtualization Services, IT Equipment Installation and Management Services, Data Centre Infrastructure Management Solutions, etc. The company has clients across different verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers and Public Sector.

The company is an ISO 9001:2015 certified company for software development, hardware deployment services, telecom services of installation & commissioning, telecom projects, software training, and government & non-government IT projects.

Competitive Strengths :

  • Experienced Promoter and a well-trained employee base.
  • The company's solutions are robust, trusted & industry proven.
  • Technology and Quality Certifications.
  • Strengthen human capital.
  • Cost Advantage and Centre of Excellence.

Company Financials

Olatech Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1971.0174.2110.4165.3764.37
31-Mar-20189.2835.3551.58116.96115.96
31-Mar-21148.69549.2312.32129.28128.28
31-Mar-22229.95262.1535164.28164
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding working capital requirements.
  2. General corporate purposes.

Olatech Solutions IPO Details

Olatech Solutions IPO Date Aug 12, 2022 to Aug 19, 2022
Olatech Solutions IPO Face Value ₹10 per share
Olatech Solutions IPO Price ₹27 per share
Olatech Solutions IPO Lot Size 4000 Shares
Issue Size700,000 shares of ₹10
(aggregating up to ₹1.89 Cr)
Fresh Issue700,000 shares of ₹10
(aggregating up to ₹1.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Amit Kumar Singh is the company promoter.

Olatech Solutions IPO Timeline (Tentative Timetable)

Olatech Solutions IPO opens on Aug 12, 2022, and closes on Aug 19, 2022. The Olatech Solutions IPO bid date is from Aug 12, 2022 10.00 A.M. to Aug 19, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Olatech Solutions IPO Opening Date Aug 12, 2022
Olatech Solutions IPO Closing Date Aug 19, 2022
Basis of Allotment Aug 24, 2022
Initiation of Refunds Aug 25, 2022
Credit of Shares to Demat Aug 26, 2022
Olatech Solutions IPO Listing Date Aug 29, 2022

Olatech Solutions IPO Lot Size

The Olatech Solutions IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹108,000
Retail (Max) 1 4000 ₹108,000

Olatech Solutions IPO Promoter Holding

Pre Issue Share Holding 92%
Post Issue Share Holding 64.48%

Olatech Solutions IPO Review

The company is in a highly competitive and fragmented segment. Its declining top line as well as the sustainability of super margins reported for FY22 raises concern. Around 29.6% of spending on the IPO process indicates the closure of funding arrangements for the IPO within close circles. A small equity base post-IPO also indicates longer duration for migration to mainboard. Better to stay away from this fully priced IPO. Read detail review...


Olatech Solutions IPO Subscription Status (Bidding Detail)

The Olatech Solutions IPO is subscribed 598.82 times on Aug 19, 2022 5:37:00 PM. The public issue subscribed 679.94 times in the retail category, times in the QIB category, and 517.71 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII517.71
Retail679.94
Total598.82

Olatech Solutions IPO Prospectus

Olatech Solutions IPO Rating

398
4.2
Rating:Rated 4.2 stars
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Olatech Solutions IPO Listing Date

Listing Date Monday, August 29, 2022
BSE Script Code 543578
NSE Symbol
Listing In MT Group of Securities
ISIN INE0M3901015
IPO Price ₹27 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹51.30
₹51.30
₹53.85
₹53.85

Company Contact Information

Olatech Solutions Limited
Office No. 310, 3rd Floor, Rupa Solitaire,
Millennium Business Park, Thane-Belapur Road,
Mahape, Navi Mumbai – 400 710, Raigarh
Phone: 022 – 2778 0129
Email: investor@olatechs.com
Website: https://olatechs.com/

Olatech Solutions IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/

Olatech Solutions IPO Review

Olatech Solutions IPO Recommendation Summary

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Brokers 0 0 1
Members 8 0 0

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Olatech Solutions IPO FAQs

Olatech Solutions IPO is a SME IPO of 700,000 equity shares of the face value of ₹10 aggregating up to ₹1.89 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Aug 12, 2022, and closes on Aug 19, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Olatech Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Olatech Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Olatech Solutions IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Olatech Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Olatech Solutions IPO opens on Aug 12, 2022 and closes on Aug 19, 2022.

Olatech Solutions IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Olatech Solutions 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 Olatech Solutions IPO will be done on Aug 24, 2022, and the allotted shares will be credited to your demat account by Aug 26, 2022. Check the Olatech Solutions IPO allotment status.

The Olatech Solutions IPO listing date is on Monday, August 29, 2022.
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