Octaware Technologies Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

17 Mar 2017

Close Date

24 Mar 2017

Allotment

30 Mar 2017

Listing Date

03 Apr 2017

Exchange

BSE SME

Price Band

₹90

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

9,55,200 shares (aggregating up to ₹8.60 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

31,45,403 shares

Promoters

Post-IPO Holding

35,90,603 shares

Promoters

P/E (Pre)

14x

UPI Deadline

2017-03-24

Mandate

Anchor AllotmentThu, 16 Mar 2017

Basis of AllotmentThu, 30 Mar 2017

Refund InitiationFri, 31 Mar 2017

Demat CreditFri, 31 Mar 2017

Listing DayMon, 03 Apr 2017

UPI Mandate Deadline2017-03-24

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public9,05,600 shares (aggregating up to ₹8.15 Cr)

Market Maker Quota49,600 shares (aggregating up to ₹0.4464 Cr)

Fresh Issue Shares3,95,600 shares (aggregating up to ₹3.56 Cr)

Offer for Sale5,10,000 shares of ₹10 (aggregating up to ₹4.59 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Octaware Technologies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Mar 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	49,600	—	₹0.45
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	955,200	100%	₹8.60

IPO Shares Offered

Octaware Technologies Ltd. IPO total issue size: ₹8.60 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	49,600	₹0.45	5.19%
Total	955,200	₹8.60	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹288,000
Retail (Max — 13 Lots)	13	20,800	₹1,872,000
S-HNI (Min — 14 Lots)	14	22,400	₹2,016,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,792,000

* Issue Price ₹90 × Lot Size 1,600 shares

IPO Schedule

Anchor

16 Mar 2017

✓ Done

IPO Open

17 Mar 2017

✓ Done

IPO Close

24 Mar 2017

✓ Done

Allotment

30 Mar 2017

✓ Done

Refunds

31 Mar 2017

✓ Done

Demat Credit

31 Mar 2017

✓ Done

Listing Day

03 Apr 2017

✓ Done

₹90.00

INR · BSE

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Issue ₹90.00 Live Price

About Octaware Technologies Ltd.

Incorporated in 2005, Octaware Technologies Ltd is a software development company provides a range of information technology solutions. The company designs, develops, and maintains software systems and solutions. Company's services include custom software development, ECM/portal solution, ERP and CRM implementation, mobile platform solution, RFID solution, cloud and IT infrastructure services, consulting services and geospatial services.Octaware provides specialized software application and product development services and solutions in the areas of healthcare, finance, and e-government industry. The company has proprietary products for domestic as well as international markets, such as PowerERM – Human Capital Relationship Management, Hospice – Healthcare and Citizen services solution, and iOnAsset – Inventory management and tracking System etc. These products are available as packaged products as well as software-as-a-service model integrated with legacy system.

Objects of the Issue

Investment in the subsidiary company – Octaware Technologies Gulf FZE

General Corporate Purposes

Octaware Technologies Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

₹551.7

31-Mar-15

₹730.6

31-Mar-16

₹363.6

30-Sep-16

Profit After Tax (PAT)

₹114.8

31-Mar-15

₹149.6

31-Mar-16

₹109.4

30-Sep-16

Particulars	30-Sep-16	31-Mar-16	31-Mar-15
Revenue from Operations	363.58	730.63	551.65
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	109.37	149.56	114.79
Net Worth	N/A	N/A	N/A
Total Assets	936.95	848.62	574.90
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered9,55,200 (100.00%)

Net Offer to Public9,05,600 shares (aggregating up to ₹8.15 Cr)

Reserved for Market Maker49,600 shares (aggregating up to ₹0.4464 Cr)

Pre-Issue Promoter Holding31,45,403 shares

Post-Issue Promoter Holding35,90,603 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/

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Book Running Lead Managers

Aryaman Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Octaware Technologies Ltd. IPO subscribed? ▲

Octaware Technologies Ltd. IPO is subscribed 1.00 times by Mar 24, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Octaware Technologies Ltd. IPO retail subscription status? ▼

The Octaware Technologies Ltd. IPO retail category is subscribed 1.00 times as of 24 Mar 2017. The retail portion is oversubscribed.

How to subscribe Octaware Technologies Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 17 Mar 2017 and closes 24 Mar 2017. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 2017-03-24.

How many times Octaware Technologies Ltd. IPO subscribed? ▼

The Octaware Technologies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Octaware Technologies Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Mar 2017. Refunds: on 31 Mar 2017.

When Octaware Technologies Ltd. IPO will be listed? ▼

The Octaware Technologies Ltd. IPO listing date is 03 Apr 2017, Monday. Listed on: BSE SME. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When Octaware Technologies Ltd. IPO close? ▼

The Octaware Technologies Ltd. IPO closes on 24 Mar 2017, Friday. UPI mandate: 2017-03-24. Allotment: 30 Mar 2017. Listing: 03 Apr 2017.

Quick Actions

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Live Price LIVE

Last Price₹90.00

Change—

Issue Price₹90.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date17 Mar 2017

Close Date24 Mar 2017

Allotment30 Mar 2017

Listing Date03 Apr 2017

ExchangeBSE SME

UPI Deadline2017-03-24