Octaware Technologies IPO
Octaware Technologies is a holding company with consolidated business interests in software development, enterprise solution and consulting firm engaged in the business of providing a range of Information Technology (“IT”) solutions to companies across sectors such as Healthcare, Education, Telecom, Oil & Gas, Real Estate & Construction, Banking & Financial Services and Manufacturing sectors. The company designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of its customers’ existing software products.
The various services offered by the company are Software Development Services, Enterprise Portal, ERP and CRM Implementation, Consulting Services, Mobile Solutions, RFID Solutions, Cloud and IT Infrastructure Services and Geospatial Services. It also provides an array of products and solutions like PowerERM – Employee Relationship Management, Hospice – Healthcare Solution and iOnAsset – Asset Tracking & Management System, IntelliTrade – Trading Platform Support, RealWin – Real Estate CRM Solution, Life2Care – Patient Relationship Management, eDocNet – Enterprise Content and Document Management Solution and eQuire – Office Automation and eProcurement Management Solution which help its clients in strategising their business objectives.
Promoters of Octaware Technologies – Aslam Khan and Sajid Hameed
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Octaware Technologies IPO details |
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| Subscription Dates | 17 – 24 Mar 2017 |
| IPO Price band | INR90 per share |
| Fresh issue | 445,200 shares (INR4 crore) |
| Offer for sale | 510,000 shares (INR4.59 crore) |
| Total IPO size | 955,200 shares (INR8.59 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| Octaware Technologies’ financial performance (in INR crore) | ||||
| FY2014 | FY2015 | FY2016 | 6M FY2017 | |
| Total revenue | 4.10 | 5.51 | 7.31 | 3.64 |
| Total expenses | 2.58 | 4.20 | 5.53 | 2.32 |
| Profit after tax | 1.34 | 1.15 | 1.50 | 1.09 |
| Day |
Subscription (no. of times) |
| Day 1 | 0.09 |
| Day 2 | 0.24 |
| Day 3 | 0.53 |
| Day 4 | 0.77 |
| Day 5 | 1.22 |
| Day 6 | 1.94 |
Octaware Technologies Limited
204, Timmy Arcade, Makwana Road Marol
Andheri (East), Mumbai – 400 059
Phone: +91 22 4023 1431
Email: [email protected]
Website: www.octaware.com
Cameo Corporate Services Limited
Subramanian Bldg, No. 1 Club House Road,
Chennai – 600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://cameoindia.com
Octaware Technologies IPO allotment status is available on Cameo Online website. Click on this link to get allotment status.
IPO Opening Date: 17 March 2017
IPO Closing Date: 24 March 2017
Finalisation of Basis of Allotment: 30 March 2017
Initiation of refunds: 31 March 2017
Transfer of shares to demat accounts: 31 March 2017
Listing Date: 3 April 2017
Listing Price on BSE SME: INR91 per share (return of 1.1% over IPO price)
Closing Price on BSE SME: INR90.55 per share (marginal profit over IPO price)
