OLATECH SOLUTIONS LTD IPO: Details, Review, Allotment date and Subscription Status

It has posted inconsistent track record for the last three fiscals Higher margin on lower top line unlikely to sustain going forward Co. is spending 30% towards IPO process means it’s managed It will take longer time to migrate main board due to tiny equity capital Investors may wait for listing as on valuation front IPO is an average.

olatech solutions ltd ipo Review, allotment date, subscription and grey market premium(gmp)

OLATECH SOLUTIONS LTD IPO Details

IPO Size:	930400 Equity Shares (aggregating up to ₹2.51 Crore)
Bid Lot:	4000 Equity Shares and in Multiples thereof
Price Band:	₹27.00
Minimum Bid Lot:	1 Lot (4000 Equity Shares)
Minimum Bid Amount (in Rs.):	₹1,08,000.00 at cut-off price.
Maximum Bid Lot:	656000 Lot (8000 Equity Shares)
Maximum Bid Amount (in Rs.):	₹1,77,12,000.00 at cut-off price.
Discount:	10.00
Name of the Registrar:	Skyline Financial Services Private Limited
Listing on:	BSE
Face Value:	₹ 10
Retail Quota:	Not less than 50% of the Net Issue
NII Quota:	Not less than 50% of the Net Issue
Emp Quota:	Not less than 0% of the Net Issue
Emp Quota:	Not less than 0% of the Net Issue
Listing Name:	OLATECH
Above information source: SEBI official site.

OLATECH SOLUTIONS LTD IPO Review and GMP (Grey market premium) Today and Kostak Price Live

Company Name	GMP(grey market Premium)	Kostak Price	Subject to Sauda
ALL IPO GMP (grey market premium) Today and Kostak Price
Disclaimer: Stock Market investments are subject to market risks, read all scheme related documents carefully before investing. All the information provided on our IPO Portal is for Reaserch purpose only. I do not claim any facts, and figure mentioned here. Source: SmartInvestment

OLATECH SOLUTIONS LTD IPO Review

Object of the issue : Funding working capital requirements and General corporate purposes.

BRLM : SHRENI SHARES PRIVATE LIMITED

Company Management : Mr. Amit Kumar Singh

Pre Issue Promoter Holding : 92%

Post Issue Promoter holding : 64.48%

Issue constitutes 29.91% of the post issue paid up capital

Average of last 3 Yrs. EPS Rs. 1.84 & RONW : 21.09%

Pre IPO Eq. Capital Rs. : 1.64 Cr.

Post IPO Eq. Capital Rs. 2.34 Cr.

Pre IPO : P/BV Ratio 2.69 (NAV : 10.02)

Post IPO asking P/E fully diluted equity : 18.40

BRLM’s Performance : This is 12th Issue from BRLM in last 3 years. In last 10 Listing : 9 Issued opened with premium & 1 Issue with at par

OTHER SIDE OF THE COIN

The average cost of acquisition of equity share by the promoters is Rs. 0.06 per share and offer price is Rs. 27 per share.

Apart from initial equity capital at par company has issued bonus shares in the ratio of 163:1 on 1st March 2022 i.e. before filing DRHP

This segment is highly competitive

Tiny equity base indicate longer duration to migrate main board.

Higher margins on lower top line indicate unlikely to sustain going forward.

Company is spending around 30% of issue amount to the lead manager which is too much. In other wards it's a funding arrangement to manage the IPO

OLATECH SOLUTIONS LTD IPO Timetable

IPO Open:	12 Aug 2022
IPO Close:	19 Aug 2022
Modification Period:	Post Issue Modification on 22 Aug 2022 from 10.00 am to 11.00 am
Cut-off time for UPI Mandate Confirmation:	22 Aug 2022 from 10.00 am to 11.00 am
Allotment Date:	Aug 24 2022
Refunds Date:	Aug 25 2022
Credit of Shares to Demat Account:	Aug 26 2022
IPO Listing Date:	Aug 29 2022
Above information source: SEBI official site.

Check OLATECH SOLUTIONS LTD BSE & NSE IPO subscription status live start on: 12 Aug 2022

	BSE:
QIB (in Equity Share)	90,000
NII (in Equity Share)	-
Retail (in Equity Share)	5,31,60,000
Employee (in Equity Share)	-
Others (in Equity Share)	-
Total (in Equity Share)	5,32,50,000
Information source: BSE official site.

OLATECH SOLUTIONS LTD Company issue offer 930400 Equity Shares (Approximately up to ₹2.51 Crore) IPO was subscribed more than times on the this day of the bidding process. Bids were received for crore equity shares against an offer size of equity stocks as per Bombay stock Exchange (BSE).

The portion reserved for retail investors was subscribed times, qualified institutional buyers category was subscribed times and non-institutional category received times subscription.

Price band has been fixed at ₹27.00 per equity share for the initial share-sale.

Where to check ipo allotment status for OLATECH SOLUTIONS LTD?

After garnering a massive response from investors, the Initial public offering (IPO) of OLATECH SOLUTIONS LTD is likely to be up for allotment on Aug 24 2022 day.

Check IPO Allotment

There are two official way to check OLATECH SOLUTIONS LTD IPO allotment status,

1. BSE official site
2. IPO registrar's website