Olatech Solutions Limited

Company Profile
Company Name Olatech Solutions Limited
Open Date 12-08-2022
Close Date 19-08-2022
Exchange BSE SME
Lot Size 4000 Shares
Issue Price ₹ 27 per share
Issue Size 7,00,000 Equity Shares
Application Amount ₹ 1,08,000
Recommendation Avoid
Olatech Solutions Limited was incorporated in the year 2014 in Raigarh, Maharashtra. The company is engaged in the business of Data Centre, Telecom, Enterprise and IT Software solutions in the Operating Support System and Business Support System. Company has a registered trademark “Ephiphany” under which it delivers most of its services.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 229.95 148.69 189.20
Net Assets 164.28 129.28 116.96
Total Borrowings 0.01 0.01 0.01
Total Revenue 262.15 549.23 835.35
Profit After Tax 35.00 12.32 51.58

Tentative Timeline

Opening Date 12-08-2022
Closing Date 19-08-2022
Basis of Allotment 24-08-2022
Initiation of Refunds 25-08-2022
Credit of Shares to Demat 26-08-2022
Listing Date 29-08-2022

Objects of the Issue

Funding working capital requirements
General corporate purposes

Contact Information

Registered Office 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 nvestor@olatechs.com
Website https://olatechs.com/

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 44,000 (6.29%)
Other Shares Offered 3,28,000 (46.86%)
Retail Shares Offered 3,28,000 (46.86%)
Total Shares Offered 7,00,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 92%
Post Issue Share Holding (Promoters) 64.48%

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