Business Standard

Olatech Solutions Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

1.89 cr

Price Range (₹)

27

Lot Size

4000

Min Investment (₹)

1,08,000.00

Listing Exchange

BSE - SME

Open Date

12-Aug-2022

Close Date

19-Aug-2022

Listing Date

29-Aug-2022

Olatech Solutions Ltd News

    The Shares of Olatech Solutions Ltd have now been listed.

    Olatech Solutions Ltd IPO Details

    Initial public offering of 7,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Olatech Solutions Limited (Olatech or The Company or The Company or The Issuer) for cash at a price of Rs. 27/- per equity share (including a premium of Rs. 17/- per equity share) (Issue Price) aggregating to Rs. 1.89 crores (The Issue) of which 44,000 equity shares aggregating to Rs. 0.12 croress will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 6,56,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 27/- per equity share aggregating to Rs. 1.77 crores (Net Issue). The issue and the net issue will constitute 29.91% and 28.03% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 2.7 times of the face value.

    Objective of issue

    Funding working capital requirements. General corporate purposes.

    Olatech Solutions Ltd Contact Details

    Olatech Solutions Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - investor@olatechs.com

    Website - www.olatechs.com