Optivalue Tek Consulting shares list at 23% premium over IPO price on NSE SME platform

Shares of Optivalue Tek Consulting listed at Rs 103.60 apiece on the NSE SME platform on Wednesday, marking a 23.3% premium over the IPO price. The Rs 52-crore SME issue was subscribed 64.5 times overall, reflecting robust demand across all investor categories. Ahead of listing, the IPO quoted a GMP of around 15%, indicating a likely listing price of Rs 96–97 per share.

While GMP is an informal indicator, it suggests healthy near-term sentiment around the stock.

Subscription details

The issue saw heavy oversubscription, particularly from non-institutional investors (118.8x) and retail investors (49.6x). Qualified institutional buyers also bid strongly at 49.3x. In all, the IPO attracted over 42,000 applications, underlining broad-based interest.

Founded in 2011, Optivalue Tek Consulting is a technology consulting firm specialising in enterprise modernisation and digital transformation solutions.

Its services include data integration, telecom OSS/BSS transformation, cloud migration, DevOps, AI-driven analytics, and digital engineering. The company has also built expertise in generative AI and IP accelerators.

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The Bengaluru-headquartered firm has a global presence with offices in the US and Australia, in addition to its India base. It employs 70 full-time staff and about 70–80 contractual workers, having completed over 500 integrations across more than 20 countries.

Optivalue reported a revenue of Rs 56.5 crore in FY25, a 54% jump from the previous year. Net profit more than doubled to Rs 12.1 crore from Rs 5.5 crore in FY24.

Funds raised will be used to develop new products, open a new branch office in Bengaluru, upgrade IT infrastructure, and meet working capital requirements.

The company operates in a competitive and fragmented IT consulting market, which may cap long-term valuations. Sustaining margins and delivering consistent growth will be key post-listing.

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