The initial public offer (IPO) of Optivalue Tek Consulting received bids for 26,58,43,200 shares as against 22,00,000 shares on offer. The issue was subscribed 120.83 times.
Qualified Institutional Buyers (QIBs) bid for 5,75,48,800 shares, Non-Institutional Investors (NIIs) for 10,58,27,200 shares, while individual investors (IND category bidding for 2 lots) placed bids for 10,24,67,200 shares.
The issue opened for bidding on 2 September 2025 and it closed on 4 September 2025. The price of the IPO was fixed between Rs 80 to Rs 84 per share. The equity shares will list on NSE's SME platform.
The IPO comprised a fresh issue of 22,00,000 shares. The promoter and promoter shareholding diluted to 68.53% from 94.61% pre-issue.
The company intends to utilize the net proceeds for capital expenditure for purchase of machineries, working capital and general corporate purposes.
Ahead of the IPO, Optivalue Tek Consulting on 1 September 2025, raised Rs 14.58 crore from anchor investors. The board allotted 17.36 lakh shares at Rs 84 per share to 10 anchor investor.
Optivalue Tek Consulting is a technology consulting firm specializing in enterprise modernization and digital transformation solutions. The company provides a broad range of services, including cloud solutions, data integration, DevOps, AI-driven analytics, and digital engineering. It also offers expertise in web and mobile application development, as well as telecommunications solutions, particularly in BSS/OSS transformation. As of 31 July 2025, the company had 18 employees.
The company recorded revenue from operations of Rs 60.91 crore and net profit of Rs 1.41 crore for the period ended 31 March 2025.