Olatech Solutions ltd IPO Guidance & Details

Olatech Solutions ltd IPO Actual Listing on 29 August 22
Listed at Rs. 51.30 ( Issue price Rs. 27)
DayHigh Rs. 53.85
CLosed at Rs. 53.85

Olatech Solutions ltd IPO listing estimate
The scrip enjoyed strong fancy in the grey market. Now the listing is expected to be around Rs. 32 and during the first day of trading, the scrip is expected to move up to Rs. 35/36.

Grey Market News for Olatech Solutions ltd IPO :
On 29 August 2022 
Allotted applications# :  Rs. 90000 sellers
GMP  :  – nil

Subscription Trend
On 19 August 2022 @ 5.00 pm
NII (50%) 328,000 Sh : 517.71 T
RII (50%) 328,000 Sh : 679.94 T
Tot 656000 Sh : 598.82 T

Olatech Solutions ltd IPO Details
IPO Date August 12, 2022 to August 19, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 27 per share
IPO Lot Size 4000 Shares
Issue Size 700,000 shares of Rs 10
(aggregating up to Rs 1.89 Cr)
Fresh Issue 700000 shares of Rs 10
(aggregating up to Rs 1.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota : 50 % / 328000 Shares
Minimum  4000 Rs 108,000
Maximum  4000 Rs 108,000
Retail : 82 Applications required for one time subscriptions.

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

Olatech Solutions ltd Business :

Olatech Solutions 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. It provides software solutions and transformation services (System Integration) to its clients and have deployed its software solutions at various institutions in India and other regions also. Through its wide range of offerings across its verticals, it possesses capabilities spanning the lifecycle of services ranging from consultation, architecture, solution design, and implementation to monitoring and providing
managed services.

Its software solutions are offered under the 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.

Its customer base is also in countries like Singapore and Hongkong currently. Its sales through exports contributed nil, 9.56%, 5.07% and 18.45% respectively from its revenue from operations for the year ended March 31, 2019, 2020, 2021 and for the period ended December 31, 2021 respectively.
For more information about the company,Click www.olatechs.com

Promoters of Olatech Solutions ltd

Mr. Amit Kumar Singh

Veekayem Fashion : Objects of the IPO

To meet the working capital requirements

Registered office of Olatech Solutions ltd
310, 3rd Floor, Rupa Solitaire, Millennium Business Park, Thane-Belapur Road,
Mahape, Navi Mumbai – 400 710
Company Secretary and Compliance Officer: Mr. Nitin Patidar

Lead Manager of Olatech Solutions ltd IPO
Shreni Shares Pvt ltd

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 3.15
Earnings per Share 2020-21 Rs 0.75
Earnings per Share 2021-229M Rs 1.36
Return on Net Worth: 19-20: 44.11 %
Return on Net Worth: 20-21 : 9.53 %
Return on Net Worth: 21-229M : 14.74 %
Book Value of the Share as on 31.12.21 Rs ?
NAV after the IPO Rs.-
Offer Price Rs. 28

IPO Peer Comparison:
Sterlite Technologies @ PE Ratio of 84.83
Megasoft @ PE Ratio of 143.55

Observation by Paresh Gordhandas ( Research Analyst )

For Guidance : Will be updated soon

# This is only coverage of News related to Grey Market . We donot deal in Grey market premium or Subject to rates, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.