Optivalue Tek Consulting IPO opens for subscription; check price band, lot size and key dates

Optivalue Tek Consulting IPO: Technology solutions and consulting services provider Optivalue Tek Consulting's initial public offering opened for subscription on Tuesday, September 2. The issue will end on Thursday, September 4. The price band has been set at ₹80 to ₹84 per share.

The initial share sale, which aims to raise ₹51.82 crore, is only a fresh issuance of 61,69,600 shares without an offer for sale (OFS) component.

The money raised will be utilised to meet expenses for the development of new products, expenditure to establish a branch office at Bangalore, working capital needs, capital expenditure towards upgrading existing IT hardware and software and general corporate purposes.

Optivalue Tek Consulting IPO: Lot size

An application consists of one lot or 1,600 shares. Individual investors can apply for at least two lots or 3,200 shares.

Optivalue Tek Consulting IPO timeline: Allotment and listing date

Share India Capital Services Private Limited is the issue's book-running lead manager, while Cameo Corporate Services Limited is the registrar.

Optivalue Tek Consulting Ltd, a technology consulting firm, specialises in enterprise modernisation and digital transformation solutions. It is one of the implementers of Telecom Operational Support System (OSS)/Business Support System (BSS) applications.

The company's core strengths include enterprise application integration, core banking applications, API management, cloud solutions, data engineering & data science and DevOps/site reliability engineering.

Ashish Kumar, Managing Director of Optivalue Tek Consulting, said, "The IPO gives us the opportunity to further invest in innovation, enhance our service portfolio, and expand our presence across international markets, while staying true to our core promise of efficiency, quality, and trust."

Optivalue Tek Consulting financials

Optivalue Tek Consulting IPO GMP