Olatech Solutions was incorporated on January 03, 2014. The company is engaged in the business of data center, enterprise, telecom, and IT software solutions in the OSS – BSS (Operations Support System and Business Support System) segment
| Bidding Dates |
|---|
| 12 Aug 2022 - 19 Aug 2022 |
| Subscription |
|---|
| 598.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 4000 | 700.0 K | ₹27 | 70.09 % | ₹18.9 M | RHP DOC |
Olatech Solutions IPO SUBSCRIPTION STATUS
19 Aug '22Olatech Solutions IPO overall subscription rate was 598.82 times the total available shares
Olatech Solutions IPO retail subscription rate was 679.94 times in the retail segment
Olatech Solutions IPO non-institutional investor subscription rate was 517.71 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Aug 2022 (Day 5) | 679.94x | 517.71x | - |
18 Aug 2022 (Day 4) | 360.02x | 79.56x | - |
17 Aug 2022 (Day 3) | 117.38x | 19.55x | - |
16 Aug 2022 (Day 2) | 39.72x | 4.21x | - |
12 Aug 2022 (Day 1) | 10.87x | 2.28x | - |
Olatech Solutions FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 3.5 | 25.3 | -0.8 | -0.8 |
| FY21 | 1.2 | 54.7 | -1.8 | -2.7 |
| FY20 | 5.2 | 83.3 | 9.3 | 6.5 |
Olatech Solutions IPO SUBSCRIPTION STATUS DETAILS
Olatech Solutions had 700.0 K shares on offer
Olatech Solutions IPO offer price was ₹27
Olatech Solutions IPO minimum Investment was ₹108000
Olatech Solutions IPO issue size was ₹ 18.9 M
Olatech Solutions had a minimum lot size of 4000 Shares per application
Olatech Solutions NUMBER OF SHARES ON OFFER
Olatech Solutions IPO IMPORTANT DATES
| Issue Open Date | 12 Aug 2022 |
| Issue close Date | 19 Aug 2022 |
| Allotment Date | 24 Aug 2022 |
| Refund Date | 25 Aug 2022 |
| Demat Account Credit Date | 26 Aug 2022 |
| Listing Date | 29 Aug 2022 |
| Listing on Exchange(s) | BSE |
| Olatech Solutions Allotment Status | Exchange |
Olatech Solutions IPO subscription opened on 12 Aug 2022, and closed on 19 Aug 2022
IPO allotment for Olatech Solutions was finalized on Wednesday, 24 Aug 2022
IPO listing for Olatech Solutions was on BSE on Monday, 29 Aug 2022
Olatech Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 14.6 |
| Listing Open Price | 51.3 |
| Listing Close Price | 53.9 |
| Listing Gain% | 90.0% |
| Current Gain% | 383.2% |
Olatech Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Olatech Solutions Ltd. | 70.5 | 16.5 | 19.3 | 0.6 | 8.2 | 3.6 | 28.1 | 1.6 | 3.7 | ||||
| Tata Technologies Ltd. | 872.8 | 35440.2 | 63.6 | -3.4 | 6 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 949.2 | 11243.9 | 46.4 | 3.1 | 4.8 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 721.4 | 10118.1 | 28.7 | 463.8 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 560.6 | 4461.3 | 106 | 5.5 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 727.2 | 4018.9 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
Olatech Solutions INFORMATION ON IPO ISSUE
About Olatech Solutions
Olatech Solutions was incorporated on January 03, 2014. The company is engaged in the business of data center, enterprise, telecom, and IT software solutions in the OSS – BSS (Operations Support System and Business Support System) segment
Object of the Issue
- Funding working capital requirements
- General corporate purposes
Olatech Solutions - PROMOTERS
| Name |
|---|
| Amit Kumar Singh |
Olatech Solutions lead Manager
Sherni Shares Private Limited
shrenishares@gmail.com
Olatech Solutions Registrar to the issue
Skyline Financial Services Limited
ipo@skylinerta.com
Olatech Solutions Strengths
Experienced management
Amit Kumar Singh who is the founder of the company and has worked with many telecom vendors and has total experience of more than twenty years in the industry
Product portfolio
The company's business offerings provide a comprehensive range of solutions for data centers, enterprises, telecoms, and IT industry segments wherein it provides the complete solution starting from hardware, software, services and support
Quality certifications
The company is accredited with ISO 9001: 2015, quality management system software development, hardware deployment services, telecom services of installation and commissioning, telecom projects, etc.
Olatech Solutions Risks
Prone to numerous risks
The company's products and services expose it to numerous risks, including sometimes conflicting legal and regulatory requirements
Outstanding litigation
There are outstanding litigations pending against the company, which, if determined adversely, could affect the operations
IPO FAQs
Olatech Solutions Ltd. IPO listing opened at Rs 51.30 while the issue price was Rs 27.00 giving 90.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 14.59 giving 383.21% gains since its IPO listing.
The promoter of the company is Amit Kumar Singh.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 27.0 - 27.0.
The IPO application opens on Aug 12, 2022 and closes on Aug 19, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Aug 24, 2022.
The refund will be credited to your account on Aug 25, 2022.
The allotted shares will be credited to your demat on Aug 26, 2022.
Olatech Solutions Ltd.’s shares listed on the stock exchanges on Aug 29, 2022.