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A small company Olatech Solutions is giving a big gift to its investors. The company is giving bonus shares to its investors in the ratio of 17:20. That is, the company will issue 17 bonus shares for every 20 shares. Shares of Olatech Solutions are trading on ex-date today. The company has fixed the record date of bonus shares as 20 November 2023. The company’s IPO came in August last year. The company’s shares have given strong returns over the past one year.
The share price in the IPO was Rs 27, now it has crossed Rs 200.
The IPO of Olatech Solutions was opened on 12 August 2022 and remained open till 19 August. The company’s share price in the IPO was Rs.27. On August 29, 2022, the shares of the company were Rs. 51.30 were listed. Share of Olatech Solutions on BSE on November 17, 2023 at Rs. closed at 239.60. The company’s shares have risen 789% from the issue price.
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The stock jumped 167% in 6 months
Shares of Oletech Solutions have jumped 167% in the last 6 months. The company’s shares were priced at Rs 90 on 22 May 2023, which closed at Rs 239.60 on 17 November 2023. At the same time, the IT company’s shares have gained 149% so far this year. At the beginning of the year on January 2, 2023, the shares of the company were Rs. 96.45 which on November 17, 2023 was Rs. 239.60 was reached. The company’s shares hit a 52-week low of Rs 75. At the same time, the company’s shares hit a 52-week high of Rs 239.60.
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