💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents; however, the company is transitioning into new product development with a planned investment of INR 12.77 Cr (24.64% of IPO proceeds).

Geographic Revenue Split

Not disclosed in available documents, but the company has expanded its footprint by commencing operations at a new branch office in Bangalore, for which INR 1.71 Cr was allocated.

Profitability Margins

Not disclosed in available documents as the report focuses on IPO proceeds utilization.

Capital Expenditure

Planned Capital Expenditure from IPO proceeds totals INR 20.89 Cr, including INR 12.77 Cr for new product development, INR 1.71 Cr for a Bangalore branch, and INR 6.41 Cr for IT hardware/software upgrades. As of September 30, 2025, INR 3.53 Cr (16.9% of planned CapEx) has been utilized for IT upgrades.

Credit Rating & Borrowing

The company is monitored by Acuité Ratings & Research Limited; specific borrowing costs are not disclosed as the company is currently utilizing equity proceeds of INR 51.82 Cr.

⚙️ Operational Drivers

Raw Materials

IT Hardware and Software licenses represent the primary operational inputs, with a specific allocation of INR 6.41 Cr (12.37% of total issue size) for upgrades.

Key Suppliers

HDFC Bank (Fixed Deposits and banking services), Acuité Ratings & Research Limited (Monitoring Agency), and A. Mishra & Associates (Statutory Auditors).

Capacity Expansion

The company has established a new branch office in Bangalore by leasing co-working space (budgeted at INR 1.71 Cr) to expand its operational capacity in the IT hub.

Raw Material Costs

The company has made an advance payment of INR 3.53 Cr (55.07% of the IT upgrade budget) for hardware and software procurement to enhance service delivery capabilities.

Manufacturing Efficiency

Not applicable as the company operates in the IT Enabled Services (ITES) sector.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Expected Growth Rate

0%

Growth Strategy

Growth is targeted through a three-pronged strategy: developing new proprietary products (INR 12.77 Cr allocation), expanding geographically into Bangalore (INR 1.71 Cr allocation), and upgrading IT infrastructure (INR 6.41 Cr allocation) to handle higher-value consulting contracts. The company also has INR 17.52 Cr (33.81% of issue) earmarked for working capital to support operational scaling.

Products & Services

IT Enabled Services (ITES) and Information Technology consulting services.

Brand Portfolio

Optivalue Tek Consulting Limited.

New Products/Services

New product development is underway with a dedicated budget of INR 12.77 Cr, representing 24.64% of the total IPO proceeds.

Market Expansion

Expansion into the Bangalore market via a new branch office which has already commenced operations as of January 2026.

🌍 External Factors

Industry Trends

The ITES industry is currently driven by digital transformation and cloud adoption; the company is positioning itself for this by investing INR 6.41 Cr in IT infrastructure and INR 12.77 Cr in new product development.

Competitive Landscape

Operates in the competitive IT Enabled Services and IT consulting industry against both domestic and global players.

Competitive Moat

The company's competitive advantage is built on its expansion into the Bangalore tech hub and its shift toward product-based revenue, though the sustainability of this moat depends on the successful deployment of the remaining 76.71% of IPO funds.

Macro Economic Sensitivity

Highly sensitive to corporate IT spending cycles and digital transformation trends; a slowdown in the ITES sector would reduce the utilization of the INR 17.52 Cr working capital fund.

Consumer Behavior

Shift in corporate demand toward integrated IT solutions and specialized consulting services.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the IT Act, data protection regulations, and labor laws related to ITES branch operations in Bangalore and Mumbai.

Environmental Compliance

Not applicable for IT consulting operations.

Taxation Policy Impact

The company is subject to standard corporate tax and GST; it expects to avail INR 0.63 Cr in GST input credits related to issue expenses.

Legal Contingencies

No pending court cases or material legal disputes were disclosed in the monitoring agency report.

⚠️ Risk Analysis

Key Uncertainties

Significant under-utilization of IPO proceeds: 76.71% (INR 39.75 Cr) remains unutilized as of September 30, 2025, which may lead to project delays and lower-than-projected returns on equity.

Geographic Concentration Risk

Currently expanding from its primary base to Bangalore (INR 1.71 Cr budget) to mitigate regional concentration and access a wider talent pool.

Third Party Dependencies

High dependency on HDFC Bank, where INR 39.68 Cr (76.57% of total proceeds) is currently held in public offer and fixed deposit accounts.

Technology Obsolescence Risk

High risk due to the fast-paced nature of IT; the company is addressing this with a INR 6.41 Cr IT hardware and software upgrade plan.

Credit & Counterparty Risk

Credit exposure is currently limited to HDFC Bank for the deployment of unutilized proceeds (INR 10 Cr in FDs).