Olatech Solutions Ltd - IPO

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