Octaware Technologies Ltd IPO


Subscription Details

  • Open Date 17 Mar
  • Close Date 24 Mar
  • Lot Size 1600
  • IPO Size ₹ 8.6 Cr
  • IPO Price Range ₹ 90
  • Min Investment ₹ 144000

Octaware Technologies Ltd IPO Timeline

Open Date
17 Mar
Close Date
24 Mar
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

Public issue of 9,55,200 equity shares of Rs. 10 each (equity shares) of Octaware Technologies Limited (OTL or the company or the issuer) for cash at a price of Rs. 90 per share (the issue price), aggregating to Rs. 8.60 crores (the issue), consisting of fresh issue of 4,45,200 equity shares aggregating to Rs. 4.01 crores and an offer for sale of 5,10,000 equity shares by the selling shareholders aggregating to Rs. 4.59 crores (offer for sale), of which 49,600 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 9,05,600 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.60% and 25.22%, respectively 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 9.00 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Octaware Technologies Ltd IPO

Contact Information


204 Timmy Arcade Makwana Road,
Marol Naka Andheri (East),
Mumbai, Maharashtra 400059

Octaware Technologies Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account