Orient Technologies IPO Details: Orient Technologies has set the date for its IPO, which will be available from August 21, 2024, to August 23, 2024. The company aims to raise approximately ₹[.] crores through this offering, which includes a fresh issue of ₹120 crores and an offer for sale of up to 4,600,000 equity shares, each with a face value of ₹10. The allocation for the IPO is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs).
Founded in 1997 and headquartered in Mumbai, Maharashtra, Orient Technologies is a rapidly growing IT solutions provider. Over the years, the company has developed significant expertise in creating specialized products and solutions across various business sectors, including IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services. They are known for their technologically advanced solutions, collaborating with leading technology partners such as Dell International Services India Private Limited, Fortinet, Inc., and Nutanix Netherlands B.V.
A distinguishing feature of Orient Technologies is their ability to customize their offerings to meet the unique needs of their clients. This capability, coupled with their strong partnerships, enhances their ability to design and deliver tailored products and solutions. They serve a diverse range of industries, including banking, financial services, insurance (BFSI), IT, IteS, and healthcare/pharmaceutical sectors. The company is committed to fostering long-term relationships with their clients by continually engaging with them to understand their evolving needs and identifying new opportunities for collaboration.
Orient Technologies IPO Objectives:
The Company proposes to utilise the Net Proceeds towards the following objects:
- Acquisition of office premise at Navi Mumbai situated at unit no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);
- Funding capital expenditure requirements for:
i.Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and
ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure). - General corporate purposes.
Orient Technologies IPO Review (Apply or Not)
- Update soon
Orient Technologies IPO Date & Price Band Details:
| IPO Open: | August 21, 2024 |
| IPO Close: | August 23, 2024 |
| IPO Size: | Approx ₹214.76 Crores, 10,425,243 Equity Shares |
| Fresh Issue: | Approx ₹120 Crores, 5,825,243 Equity Shares |
| Offer for Sale: | Approx ₹94.76 Crores, 4,600,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹195 to ₹206 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Orient Technologies IPO Lot Size:
The minimum market lot for the Orient Technologies IPO is 72 shares, requiring an application amount of ₹14,832. Retail investors have the option to apply for up to 13 lots, totaling 936 shares or an investment of ₹192,816.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 72 | ₹14,832 |
| Retail Maximum | 13 | 936 | ₹192,816 |
| S-HNI Minimum | 14 | 1,008 | ₹207,648 |
| B-HNI Minimum | 68 | 4,896 | ₹1,008,576 |
Orient Technologies IPO Timeline:
The Orient Technologies IPO is scheduled to open in July 2024 and will close within the same month. Allotment details for the IPO will be finalized in 2024, with the official listing set to take place later in the year.
| IPO Open Date: | August 21, 2024 |
| IPO Close Date: | August 23, 2024 |
| Basis of Allotment: | August 26, 2024 |
| Refunds: | August 27, 2024 |
| Credit to Demat Account: | August 27, 2024 |
| IPO Listing Date: | August 28, 2024 |
Orient Technologies IPO GMP Today:
The last recorded Grey Market Premium (GMP) for the Orient Technologies IPO is ₹0. With a price band of ₹206, the estimated listing price remains ₹206 (cap price plus today’s GMP). Consequently, the expected percentage gain or loss per share is 0.00%.
Orient Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹248.96 | ₹248.48 | ₹0.13 |
| 2022 | ₹469.12 | ₹424.57 | ₹33.49 |
| 2023 | ₹542.01 | ₹490.06 | ₹38.30 |
| Sep 2023 | ₹268.17 | ₹246.40 | ₹16.40 |
Orient Technologies IPO Valuation – FY2023
Check Orient Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹10.94 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.73% |
| Net Asset Value (NAV): | ₹73.61 per Equity Share |
Peer Group
- Dynacons Systems & Solutions Limited
- HCL Technologies Limited
- Wipro Limited
- LTIMindtree Limited
- Allied Digital Services Limited
- Dev Information Technology Limited
- Tech Mahindra Limited
- Silicon Rental Solutions Limited
Company Promoters
- Ajay Baliram Sawant
- Umesh Navnitlal Shah
- Ujwal Arvind Mhatre
- Jayesh Manharlal Shah
Orient Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Signatureglobal.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Orient Technologies IPO Allotment Status Check
Check Orient Technologies IPO allotment status on Linkintime website allotment URL. Click Here
Orient Technologies IPO Lead Managers aka Merchant Bankers
- Elara Capital (India) Private Limited
Company Address
Orient Technologies Limited
602, Ackruti Center Point,
MIDC Central Road, Andheri (East),
Mumbai Maharashtra – 400 093
Phone: +91 22 4292 877
Email: complianceofficer@orientindia.net
Website: https://www.orientindia.in/
Orient Technologies IPO FAQs
1. What are the dates for the Orient Technologies IPO?
- The Orient Technologies IPO is set to open on August 21, 2024, and will close on August 23, 2024.
2. How much is Orient Technologies aiming to raise through the IPO?
- The company aims to raise approximately ₹[.] crores through the IPO. This includes a fresh issue of ₹120 crores and an offer for sale of up to 4,600,000 equity shares.
3. What is the allocation for different investor categories?
- The IPO allocation is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
4. When will the IPO allotment be finalized?
- The IPO allotment will be finalized in 2024, with specific dates to be announced closer to the time.
5. When is the Orient Technologies IPO expected to be listed?
- The IPO listing is anticipated to occur in 2024. Exact dates will be provided after the allotment process.
6. What is Orient Technologies’ business focus?
- Orient Technologies specializes in IT solutions, including IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services. They are known for their customized solutions and collaborations with leading technology partners like Dell, Fortinet, and Nutanix.
7. Where is Orient Technologies headquartered?
- The company is headquartered in Mumbai, Maharashtra.
8. What industries does Orient Technologies serve?
- Orient Technologies serves a range of industries, including banking, financial services, insurance (BFSI), IT, IteS, and healthcare/pharmaceutical sectors.
9. How can investors apply for the Orient Technologies IPO?
- Investors can apply for the IPO through various channels, including online trading platforms, stock brokers, or by submitting physical application forms. Specific instructions will be provided by the company and its lead managers.
10. Where can I find more information about the IPO?
For more details, including the prospectus, application process, and other updates, please visit the official Orient Technologies website or consult your stockbroker.
