Optivalue Tek Consulting, a technology solutions provider, plans to raise ₹52 crore via initial public offering on NSE Emerge.
The company will issue 61.69 lakh equity shares in the price band of ₹80-₹84 a share.
The company plans to use the proceeds in developing new products, setting up a branch office in Bengaluru by leasing a co-working space, upgrading existing IT hardware and software, meeting working capital requirements and general corporate purposes.
The issue will open for retail subscription on Tuesday.
Share India Capital Services will be the lead manager to the issue while
Choice Capital Advisors and Choice Equity Broking have been appointed as the underwriter and market maker. Cameo Corporate Services will be the Registrar to the issue.
Ashish Kumar, Managing Director, Optivalue Tek Consulting, said from telecom OSS/BSS to enterprise integration and advanced data solutions, the company has steadily expanded its capabilities to serve diverse industries.
The IPO will give an opportunity to further invest in innovation, enhance service portfolio, and expand presence across international markets, he said.
Sachin Gupta, Director of Share India Capital Services said the company is taking a significant step in its growth journey through the launch of the IPO.
In FY25, the company achieved a 4evenue of ₹56 crore, EBITDA of ₹17 crore and net profit of ₹12 crore.