Market Performance
The stock market today witnessed a strong debut from Optivalue Tek Consulting, a technology consulting firm that stepped onto the NSE SME platform with solid investor interest. On its listing day, September 10, the stock opened at ₹103.60 per share, marking a 23.33% premium over the IPO price of ₹84.
Main News: IPO Listing Highlights
The public issue of Optivalue Tek Consulting IPO turned out to be one of the more talked-about SME listings in recent times. Here’s how the debut unfolded:
- IPO Price Band: ₹80 – ₹84 per share
- Listing Price: ₹103.60 per share
- Premium on Listing: 23.33%
- Funds Raised: ₹51.82 crore
- Issue Size: 62 lakh equity shares (entirely fresh issue)
- Lot Size for Retail Investors: 1,600 shares
- Minimum Investment Required: ₹2,68,800 at the upper price band
The IPO subscription numbers reflected strong enthusiasm across all investor categories:
- Overall Subscription: 64.45 times
- Retail Investors: 49.64 times
- Non-Institutional Investors (NIIs): 118.82 times
- Qualified Institutional Buyers (QIBs): 49.27 times
Ahead of the issue, the company had also secured ₹14.58 crore from anchor investors on September 1.
Company Details: Optivalue Tek Consulting Limited
Founded in June 2011, Optivalue Tek Consulting Limited has positioned itself as a technology consulting partner with a strong focus on enterprise modernization and digital transformation.
The company offers a broad spectrum of technology-driven solutions that cater to modern business needs, including:
- Data integration & cloud solutions
- DevOps & AI-driven analytics
- Telecommunications solutions such as BSS/OSS transformation
- Web & mobile app development
- Digital engineering
The company has also strengthened its expertise in generative AI, data science, and intellectual property accelerators, enabling enterprises to innovate faster and remain competitive in a digital-first world.
IPO Utilization Plan
The funds from the IPO are set to fuel several growth plans, including:
- Development of new products
- Setting up a branch office in Bangalore
- Upgrading IT hardware & software
- Meeting working capital requirements
- General corporate purposes
Market Support System
The IPO was managed by a strong set of market participants:
- Book-Running Lead Manager: Share India Capital Services Pvt. Ltd.
- Registrar to the Issue: Cameo Corporate Services Ltd.
- Market Maker: Choice Equity Broking Pvt. Ltd.
Summary
The debut of Optivalue Tek Consulting share price on the NSE SME has been nothing short of impressive. Opening at ₹103.60 per share, a 23.33% jump over its IPO price, the stock reflected strong investor demand and broad-based participation.
With a fundraising of ₹51.82 crore and subscription levels crossing 64 times, the listing highlights the confidence of investors in the company’s digital transformation and consulting offerings. The focus on cloud, AI, and enterprise modernization solutions adds further strength to its positioning in India’s growing tech services landscape.
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