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Octaware Technologies to hit capital markets to raise Rs 8.60 crore

  • Mar-16-2017
  • 24 Hrs IST

Octaware Technologies is coming out with an initial public offering (IPO) of 9,55,200 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 90 per equity share. The issue opens on March 17, 2017 and will close on March 24, 2017. The shares will be listed on SME platform of BSE.

The company will use the issue proceed for investment in its subsidiary company - Octaware Technologies Gulf FZE and general corporate purposes.

The book running lead manager to the issue is Aryaman Financial Services, while compliance officer for the issue is Muzammil Memon.

Octaware Technologies is a Holding Company with consolidated business interests in software development, enterprise solution and consulting firm engaged in the business of providing a range of Information Technology (IT) solutions to companies across sectors such as Healthcare, Education, Telecom, Oil & Gas, Real Estate & Construction, Banking & Financial Services and Manufacturing sectors.