Olatech Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Olatech Solutions IPO release date, IPO offer price, subscription, Olatech Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 27 |
| Listing At | BSE SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Aug 29, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs 189 Lakh |
| IPO Size | Rs 189 Lakh |
| Tick Size | 1 |
Olatech Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Olatech Solutions IPO – Summary
They are 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. They provide software solutions and transformation services (System Integration) to their clients and have deployed their software solutions at various institutions in India and other regions also.
Through their wide range of offerings across their verticals, they possess capabilities spanning the lifecycle of services ranging from consultation, architecture, solution design, and implementation to monitoring and providing managed services. Their software solutions are offered under their registered trademark “Epiphany”.
Key offerings include software solutions such as NOC tools, Network monitoring, management & analytics, secured authentication and accounting of users & devices, Data Centre Infrastructure Management etc.
They have gained experience by collaborating with their clients across verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers, Public Sector to create a foundation for the evolution of offerings across the verticals.
The Promoter of this company is Amit Kumar Singh. The lead manager to the issue is Shreni Shares Private Limited, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Olatech Solutions IPO Date
The opening and the closing date of Olatech Solutions IPO are Aug 12, 2022, and Aug 19, 2022, respectively.
Olatech Solutions IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 12th Aug | 2.28x | 10.87x | 6.57x |
| 2nd Day – 16th Aug | 4.21x | 39.72x | 21.96x |
| 3rd Day – 17th Aug | 517.71x | 679.94x | 598.82x |
| Shares Offered or Net Issue | 328,000 | 328,000 | 656,000 |
The shares subscribed by the public will be updated here.
Check Olatech Solutions IPO LIVE Subscription
- Olatech Solutions IPO LIVE Bid details on BSE
- Olatech Solutions IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Olatech Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Olatech Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 24, 2022 |
| Refunds Initiation | Aug 25, 2022 |
| Credit of Shares to Demat Account | Aug 26, 2022 |
| Share Listing Date | Aug 29, 2022 |
Olatech Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.27
Olatech Solutions IPO Equity Size
This Initial Public Issue of 7,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.27 per equity share aggregating to Rs.189 Lakh.
Olatech Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 44,000 Equity Shares of Rs.10/ each.
Issue Size: 7,00,000 Equity Shares of Rs.10 each, aggregating to Rs. 189 Lakh.
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Olatech Solutions IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Olatech Solutions Share Price |
Olatech Solutions IPO Grey Market Premium
The Olatech Solutions Limited IPO Grey Market Premium price is Rs. 8, the Kostak rate is Rs X and the Subject to Sauda is 45000.
Olatech Solutions IPO – Company Overview
Their Company was originally incorporated under the name “Ola Traders Private Limited” under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Maharashtra, Mumbai on January 03, 2014.
Subsequently, the name of their Company was changed to “Olatech Solutions Private Limited” via Shareholders’ Resolution dated March 07, 2022 pursuant to which fresh Certificate of Incorporation dated April 11, 2022 was issued by Registrar of Companies, Maharashtra, Mumbai.
Consequently, the status of the Company was changed to public limited and the name of their Company was changed to “Olatech Solutions Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of their Company held on April 22, 2022.
The fresh certificate of incorporation consequent to conversion was issued on May 18, 2022 by the Registrar of Companies, Maharashtra, Mumbai. The Corporate Identification Number of their Company is U72100MH2014PLC251672
Olatech Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 30-Mar-21 | 31-Mar-20 | |
| Total Assets | 229.95 | 148.69 | 189.20 |
| *Total Revenue | 262.15 | 549.23 | 835.35 |
| Total Expense | 215.23 | 532.58 | 765.65 |
| Profit After Tax | 46.92 | 16.65 | 69.71 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 30-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2.13 | 0.76 | 3.16 |
Further, their PAT for the period ended on 31-Mar-22, 30-Mar-21, and 31-Mar-20, were Rs. 46.92 Lakh, Rs. 16.65 Lakh, and Rs. 69.71 Lakh respectively.
Olatech Solutions IPO – Promoters
The Promoter of this company is:
- MR. AMIT KUMAR SINGH
List of Related Parties (Key Managerial Personnel)
- Amit Kumar Singh, Chairman & Managing Director
- Navneet Kakkar, Non-Executive Director
- Anurag Goel, Non-Executive Independent Director
- Ayushi, Non-Executive Independent Director
Olatech Solutions IPO – Promoters Holding
- Pre Issue Share Holding – 92.00%
- Pos Issue Share Holding – 64.48%
Olatech Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 7,00,000 Equity Shares aggregating up to Rs.189.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 44,000 Equity Shares aggregating up to Rs.11.88 Lakh |
| Net Issue to the Public | Up to 6,56,000 Equity Shares aggregating up to Rs.177.12 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% Equity Shares |
| Other than Retail Individual Investors | Not more than 50% Equity Shares |
| Equity Shares outstanding prior to the Issue | 16,40,000 Equity Shares |
| Equity Shares outstanding after the Issue | 23,40,000 Equity Shares |
Olatech Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding Working Capital Requirements
2. General corporate purposes.
Olatech Solutions IPO – Business Strategy
- To become more predictive/competitive in Business by going the SaaS way.
- Expanding the geography.
- They provide a diverse range of software products across varied customer segments.
- Continue to Focus on Providing Customer Centric Services and Offerings.
- Building-up as a Professional Organization & Attracting bright talents to the company.
- Strategic Acquisition and Alliances.
Olatech Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and a well-trained employee base;
- Their solutions are robust, trusted & industry proven;
- Technology;
- Quality Certifications;
- Strengthen human capital;
- Cost Advantage; and
- Centre of Excellence
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.13 | 21.31 | 10.02 |
| 30-Mar-21 | 0.75 | 9.53 | – |
| 31-Mar-20 | 3.15 | 44.11 | – |
Olatech Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Olatech Solutions Limited | 10 | 12.68 | 2.13 | 21.31 |
| Listed Peers | ||||
| Sterlite Technologies Limited | 2 | 73.59 | 2.06 | 4.44 |
| Megasoft Limited | 10.00 | 49.38 | 0.89 | 2.50 |
Olatech Solutions IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kruti Doshi SEBI Registration Number: INM000012759 |
Olatech Solutions IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D – 153A, First Floor, Okhla Industrial Area, Phase – 1, New Delhi – 110 020, India Telephone: 011 – 4045 0193/197 E-mail: ipo@skylinerta.com Investor Grievance e-mail: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Ms. Rati Gupta SEBI Registration Number: INR000003241 |
Olatech Solutions IPO – Other Details
- Statutory Auditor – M/s Udit Gopalji Agrawal & Co
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – ICICI Bank Limited
Olatech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Olatech Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Olatech Solutions IPO Review FAQs
Check out various FAQs related to Olatech Solutions IPO:
What is the Issue Size of Olatech Solutions IPO?
The Company is making an initial public offer of 7,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Olatech Solutions IPO?
The price band for this particular IPO ranges between Rs. 27. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Olatech Solutions IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 12, 2022, while the closing date is set at Aug 19, 2022.
What is the Olatech Solutions IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 24, 2022, refund initiation is on Aug 25, 2022, credit of shares is on Aug 26, 2022, and share listing date is on Aug 29, 2022.
What is the Olatech IPO Listing Date?
Shares of this company shall be listed in the exchanges Aug 29, 2022. The date, when the listing would be done, is stagnant on Aug 29, 2022.
Who is the Registrar of Olatech IPO?
One of the reputed registrars is managing the issue of this IPO, Skyline Financial Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Olatech Solutions IPO?
Here are the promoters of this IPO – Amit Kumar Singh. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Olatech Solutions IPO?
They have obtained the GMP of this IPO and it is Rs.8. Further insights of Kostak rate and subject to sauda Rs.45000 or SS are as well included in this report.
Is Olatech IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Olatech Solutions Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 30-Mar-21, and 31-Mar-20, were Rs. 46.92 Lakh, Rs. 16.65 Lakh, and Rs. 69.71 Lakh respectively.
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