Oletech brings up its SME IPO on NSE Emerge – IPO of 53,55,200 shares to open on December 9, 2022
All-E Technologies Limited (Olltech) – a digital transformation company – brings its SME IPO, which opens on December 9, 2022 and closes on December 13, 2022. The issue is for 53,55,200 shares of Rs. 87 to Rs. 90. The company will then be listed on the NSE Emerge platform. Skyline Financial Services Private Limited is the Registrar for the IPO.
Oletech – a 6-time recipient of the Microsoft Business Applications Inner Circle award – has been the top Microsoft partner from India for business applications for over a decade. In this era of relentless change driven by the factors of the digital age, Oletech helps customers stay ahead with intelligent business applications.
Powered by Microsoft Dynamics 365, a power platform, data and AI – Microsoft Azure and collaboration platforms – Allatec’s industry solutions intellectual property and services prepare its customers to win in a competitive and rapidly changing business environment.
Oletech – Company and Customers, Factory and Field Service, Store Front and Supply Chain, Patients and Providers, People and Governments – helps enable businesses to attract business by putting in place integrated operational systems of ERP, CRM, collaboration portals, mobile apps and extracting actionable insights from data. is Oletech has provided enterprise applications to more than 750 customers in 30 countries. Most of the company’s services revenue comes from the USA, Europe and Africa.
Objectives of the Issue:
• Business expansion
• Acquisition of businesses in similar or complementary sectors
• General corporate purposes
Key Features of the Company:
• Experienced management team
• Among the largest Microsoft business application partners in the region. Well accomplished team of over 325 people
• Recipient of multiple awards and recognitions from Microsoft – year after year – for over 15 years.
• Experience in handling large and complex projects
• The portfolio of offerings spans the full spectrum of ERP, CRM, Mobility, Analytics, Cloud Solutions, Data and AI (Artificial Intelligence).
• Customer base spread across many countries in America, Europe, Africa, Middle East and APAC.
• More than 50% revenue per year due to recurring and repeat business from existing customers.
• Multi-year relationships with most clients.
Dr. Ajay Mian and Dr. Suman Mian are the promoters of the company.