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Octaware Technologies Ltd IPO (OTL IPO) Details

Octaware Technologies Ltd IPO (OTL IPO) Details:

Octaware Technologies Ltd provides a range of information technology solutions. The company designs, develops, and maintains software systems and solutions. Its 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.

The company’s products and solutions include PowerERM, an employee relationship management product; hospice hospital information management product; iOnAsset an automated asset tracking and management product; RealWin, a real estate software solutions; Life2Care, a patient relationship management system; eDocNet, an enterprise content and document management product; eQuire, an office automation system; and eProcure, an electronic procurement solution.

The company serves healthcare, education, government, telecom, oil and gas, banking and financial, real estate and construction, and manufacturing industries. Octaware Technologies Ltd was incorporated in 2005 and is based in Mumbai, India.

Objects of the Issue:

The Offer comprises a Fresh Issue by Company and an Offer for Sale by the Selling Shareholders.

The Offer for Sale

Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.

The Fresh Issue

The objectives of the fresh issue are primarily to raise capital for the following business and operational requirements of Company:

  1. Investment in our subsidiary company – Octaware Technologies Gulf FZE
  2. General Corporate Purposes.
Octaware Technologies Ltd IPO (OTL IPO) Details:
  1. Issue Open: March 17, 2017 – March 24, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 955,200 Equity Shares of Rs 10 aggregating up to Rs 8.60 Cr
  5. Issue Price: Rs. 90 Per Equity Share
  6. Market Lot:  1600 Shares
  7. Minimum Order Quantity: 1600 Shares
  8. Listing At: BSE SME

Book Running Lead Manager:


60, Khatau Building, Ground Floor,

Alkesh Dinesh Modi Marg, Fort,

Mumbai – 400 001

Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434


Investor Grievance Email:



Subramanian Building, No. 1 Club House Road,

Chennai – 600 002.

Tel. No.: +91 – 44 – 2846 0390 / 0425 Fax No.: +91 – 44 – 2846 0129


Red Herring Prospectus (RHP) Of Octaware Technologies Ltd IPO (OTL IPO):

Octaware Technologies IPO (OTL IPO) Prospectus

Market Update:

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After Avenue Supermarts IPO, next to open is CL Educate IPO between March 20, 2017 – March 22, 2017. While Shankara Building Products Ltd IPO (SBPL IPO) will be opening from 22 March 2017 – 24 March 2017. Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO)  and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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