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Olatech Solutions IPO

Olatech Solutions Limited Logo

Olatech Solutions IPO 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

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
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 DateAug 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 Size4000 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 TypeFixed Price Issue IPO
Listing AtBSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersMr. Amit Kumar Singh is the company promoter.

IPO Timeline

IPO opens on Aug 12, 2022, and closes on Aug 19, 2022. The 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 12 P.M. on the next day of issue closing day.

Olatech Solutions IPO Opening DateAug 12, 2022
Olatech Solutions IPO Closing DateAug 19, 2022
Basis of AllotmentAug 24, 2022
Initiation of RefundsAug 25, 2022
Credit of Shares to DematAug 26, 2022
Olatech Solutions IPO Listing DateAug 29, 2022

Olatech Solutions IPO Lot Size

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


IPO Promoter Holding

Pre Issue Share Holding92%
Post Issue Share Holding64.48%

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.

IPO Subscription Status (Bidding Detail)

The IPO is subscribed 194.90 times on Aug 18, 2022 4:06:00 PM. The public issue subscribed 323.13 times in the retail category, times in the QIB category, and 66.66 times in the NII category. Check Day by Day Subscription Details Reload Subscription

CategorySubscription (times)

Olatech Solutions IPO Prospectus

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: [email protected]

IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: [email protected]

IPO Review

IPO Recommendation Summary

Review BySubscribeNeutralAvoid

IPO Broker Recommendations

  • Dilip Davda – Avoid

IPO Lead Manager