Optivalue Tek Consulting Launches Rs 51.82 Crore IPO with Strong Grey Market Premium
Optivalue Tek Consulting opens its IPO to raise Rs 51.82 crore, with a price band of Rs 80-84 per share. The issue includes 61.7 lakh fresh equity shares. The grey market shows an 18% premium, indicating potential upside. The company, operating in 20 countries, offers services in data integration, cloud solutions, AI analytics, and digital engineering. Recent financial performance shows 54% revenue growth to Rs 56.47 crore and doubled profit after tax to Rs 12.14 crore. IPO proceeds will fund new product development, a Bengaluru branch, IT infrastructure upgrades, and working capital. Shares are set to list on the NSE SME platform on September 10.
*this image is generated using AI for illustrative purposes only.
Optivalue Tek Consulting, a technology consulting company, has opened its Initial Public Offering (IPO) to raise Rs 51.82 crore. The IPO, which commenced on Tuesday and will close on Thursday, has generated significant interest in the grey market.
IPO Details
- Issue Size: Rs 51.82 crore
- Price Band: Rs 80-84 per share
- Fresh Issue: 61.7 lakh equity shares
- Minimum Investment: Rs 2.68 lakh for 3,200 shares
Allocation Structure
The IPO allocation is structured as follows:
| Investor Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers | 47.00% |
| Non-Institutional Investors | 14.39% |
| Retail Investors | 33.45% |
Grey Market Premium
The grey market is showing strong interest in Optivalue Tek Consulting's shares, with a premium of 18%. This indicates an expected listing price range of Rs 99-100 per share, suggesting potential upside for investors if the trend continues.
Company Overview
Optivalue Tek Consulting is a technology consulting firm with a global presence. The company offers a range of services including:
- Data integration
- Cloud solutions
- AI analytics
- Digital engineering
The company operates across 20 countries, with offices in India, the United States, and Australia.
Financial Performance
Optivalue Tek Consulting has demonstrated strong financial growth:
- Revenue: Increased by 54% to Rs 56.47 crore
- Profit After Tax: More than doubled to Rs 12.14 crore
Use of IPO Proceeds
The funds raised from the IPO will be utilized for:
- New product development
- Setting up a branch in Bengaluru
- IT infrastructure upgrades
- Working capital requirements
Listing Details
The shares of Optivalue Tek Consulting are scheduled to list on the NSE SME platform on September 10.
Investors interested in the technology consulting sector and small-cap opportunities may find Optivalue Tek Consulting's IPO worth considering. However, as with all investments, it is advisable to carefully review the company's prospectus and consult with financial advisors before making any investment decisions.
15
