Olatech Solutions IPO
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 Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 71.01 | 74.21 | 10.41 | 65.37 | 64.37 |
| 31-Mar-20 | 189.2 | 835.35 | 51.58 | 116.96 | 115.96 |
| 31-Mar-21 | 148.69 | 549.23 | 12.32 | 129.28 | 128.28 |
| 31-Mar-22 | 229.95 | 262.15 | 35 | 164.28 | 164 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements.
- General corporate purposes.
Olatech Solutions IPO Details
| Olatech Solutions IPO Date | Aug 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 Size | 4000 Shares |
| Issue Size | 700,000 shares of ₹10 (aggregating up to ₹1.89 Cr) |
| Fresh Issue | 700,000 shares of ₹10 (aggregating up to ₹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 |
| Company Promoters | Mr. 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.
| Event | Date |
|---|---|
| Olatech Solutions IPO Opening Date | Aug 12, 2022 |
| Olatech Solutions IPO Closing Date | Aug 19, 2022 |
| Basis of Allotment | Aug 24, 2022 |
| Initiation of Refunds | Aug 25, 2022 |
| Credit of Shares to Demat | Aug 26, 2022 |
| Olatech Solutions IPO Listing Date | Aug 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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92% |
| Post Issue Share Holding | 64.48% |
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
| Category | Subscription (times) |
|---|---|
| NII | 66.66 |
| Retail | 323.13 |
| Total | 194.90 |
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]
Website: https://olatechs.com/
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
IPO Review
IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 0 | 0 | 1 |
| Members | 4 | 0 | 0 |
IPO Broker Recommendations
- Dilip Davda – Avoid
IPO Lead Manager
- SHRENI SHARES PRIVATE LIMITED
