Published on 8/08/2022 12:21:11 PM | Source: Dion Global Solutions Ltd

Olatech Solutions announces launch of initial public offering

Posted in IPO Analysis| #IT Sector #IPO #Dhruv Agarwala

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Olatech Solutions Ltd. has announced public offering of 700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 17.00 per share. The gross proceeds of the issue are expected to be Rs 189.00 lakhs. 
The company's initial public offer (IPO) will open on 12 August 2022 and is expected to close on 19 August 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 700000 Equity Shares of the Company at an price of Rs 27.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000. Olatech Solutions Ltd. anticipates using the proceeds of the issue for . Shreni Shares Pvt. Ltd. as lead manager & SKYLINE FINANCIAL SERVICES PRIVATE LTD is the registrar, to the issue.