IPO Issue Details
Issue Price / Price Band₹27 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size7,00,000 shares (aggregating up to ₹1.89 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 12 Aug 2022
Subscription CloseFri, 19 Aug 2022
Anchor AllotmentThu, 11 Aug 2022
Basis of AllotmentWed, 24 Aug 2022
Initiation of RefundsThu, 25 Aug 2022
Credit of Shares to DematFri, 26 Aug 2022
Listing DateMon, 29 Aug 2022
UPI Mandate Deadline2022-08-19
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 4,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 8,000 shares
P/E Ratio (Pre-IPO)18x
Net Offer to Public6,56,000 shares (aggregating up to ₹1.77 Cr)
Reserved for Market Maker44,000 shares (aggregating up to ₹0.1188 Cr)
Pre-IPO Promoter Holding16,40,000 shares
Post-IPO Promoter Holding23,40,000 shares
About Olatech Solutions Ltd.
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.
Objects of the Issue
Olatech Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements.
2
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
16,40,000 shares
Post-IPO Promoter Holding
23,40,000 shares