Olatech Solutions Limited IPO
i. Olatech Solutions is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS – BSS (Operations Support System and Business Support System) segment. They provide software solutions and transformation services (System Integration) to its clients and have deployed their software solutions at various institutions in India and other regions also.
ii. Olatech Solutions possess capabilities spanning the lifecycle of services ranging from consultation, architecture, solution design, and implementation to monitoring and providing managed services. Their software solutions are offered under its registered trademark “Epiphany”. Key offerings include software solutions such as NOC tools, Network monitoring, management & analytics, secured authentication and accounting of users & devices, Data Centre Infrastructure Management etc.
iii. The company have gained experience by collaborating with its clients across verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers, Public Sector to create a foundation for the evolution of offerings across the verticals.
iv. The company’s customer base is also in countries like Singapore and Hongkong currently. The company’s sales through exports contributed nil, 9.56%, 5.07% and 18.45% respectively from its revenue from operations for the year ended March 31, 2019, 2020, 2021 and for the period ended December 31, 2021 respectively.
v. Competitive Strengths :
- Experienced Promoter and a well-trained employee base.
- Our solutions are robust, trusted & industry proven.
- Technology and Quality Certifications.
- Strengthen human capital.
- Cost Advantage and Centre of Excellence.
Objects of the Olatech Solutions Limited IPO:
Olatech Solutions Limited IPO Details:
|Open Date:||Aug 12 2022|
|Close Date:||Aug 18 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||1.89 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 27 Per Equity Share|
|Listing At:||BSE SME|
Promoters And Management:
Financials of Olatech Solutions Limited IPO:
|Particulars (in Lakhs)||March 21||March 20||March 19|
|Revenue from operations||546.00||833.44||73.48|
|Purchase of Stock-in-Trade||342||394.00||7.05|
|Employee Benefit Expense||104||183.00||10|
|Profit (Loss) before tax||17||69||15|
|Profit (Loss) for the period||12||51||10|
|Earnings per share||1,232||5,158||1,041|
Comparison With Peers:
|Name of the Company||CMP||EPS||PAT (In Cr.)||Mcap (in crores)|
|Olatech Solutions Limited||27||0.75||12.32|
|Sterlite Technologies Limited||152||6.95||275||6,042|
Recommendation on Olatech Solutions Limited IPO:
Review and Recommendation of Ola tech Solutions by InvestorZone 2/10 1. The company is in the OSS - BSS (Operations Support System and Business Support System) business, providing Data Centre, Enterprise, Telecom, and IT Software solutions.2. Key offerings include NOC tools, network monitoring, management, and analytics, secure authentication and accounting of users and devices, data centre infrastructure management, and so on. 3. Mr. Amit Kumar Singh, who has nearly twenty years of experience in telecommunications, sales, and marketing, is the company's promoter. 4. They had a revenue of Rs. 8 crores in FY20, but if we annualise the first 9 months of FY22, it will be only Rs. 2 crores. 5. The company has had negative operating cash flows for the last three years. 6. The number of trade receivables days in the first 9MFY22 is 183, which is extremely high. 7. There is currently nothing enticing in the business.