Orient Technologies
Mainboard₹14,832 / 72 Shares
IPO Details
Orient Technologies IPO is priced between ₹195-206 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 21 Aug, 2024, and closed on 23 Aug, 2024. The allotment results will be announced on 26 Aug, 2024, with a tentative listing date set for 28 Aug, 2024.
The total issue comprises Total ₹214.76 Cr :#Fresh Issue : 5,825,243 shares, amounting to ₹120.00 Cr.
Orient Technologies IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Aug 21, 2024 - Aug 23, 2024 | 28 Aug, 2024 | ₹10 Per Equity Share | ₹195-206 per equity share | 72 Shares | 5,825,243 Shares | 4,600,000 shares of ₹10 | BSE, NSE |
Orient Technologies IPO Timeline
Issue Price
₹195-206 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
Retail: 72 Shares (₹14,832/-)S-HNI: 1,008 Shares (₹2,07,648/-)
B-HNI: 4,896 Shares (₹10,08,576/-)
Lead Manager
Elara Capital (India) Private LimitedIssue Size
Total ₹214.76 Cr :#Fresh Issue : 5,825,243 shares(aggregating up to ₹120.00 Cr) +
#OFS : 4,600,000 shares of ₹10(aggregating up to ₹94.76 Cr)
Retail Portion
35% (Number of Retail Applications: 50,678 Approx),(Number of S-HNI Applications : 517 Approx),(Number of B-HNI Applications : 1,034 Approx)Subscription
151.66 timesOrient Technologies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 311.14 | 606.86 | 41.45 | 175.31 | 138.79 | 4.82 |
| 31 Mar 23 | 215.25 | 542.01 | 38.30 | 128.82 | 111.32 | 12.86 |
| 31 Mar 22 | 176.32 | 469.12 | 33.49 | 94.11 | 76.61 | 2.28 |
All values are in ₹ Cr.
Orient Technologies IPO Valuations
EPS PRE IPO 11.57 | EPS POST IPO 9.95 | PE PRE IPO 17.8 | PE POST IPO 20.7 | ROE 27.26 |
ROCE 28.42 | DEBT EQUITY - | RONW 23.64 | PAT MARGIN 6.87 | PRICE TO BOOK VALUE 4.21 |
About Company
Orient Technologies Limited was incorporated in July 1997. It is one of the top IT solutions providers based in Mumbai, Maharashtra. It has expertise in IT Infrastructure, IT-enabled Services (IteS), and Cloud & Data Management Services. Some of the tailor-made solutions include Data Centre Solutions, Managed Services, IT Facility Management, and cloud migration.
Orient Technologies has diversified clientele with diverse industries in the BFSI, IT, ITeS, and healthcare sector. Among other prominent names in its clients list are Bluechip, Tradebulls, Coal India, Mazagon Dock, and D'Décor. Offices are situated all over India-in Navi Mumbai, Pune, Ahmedabad, New Delhi, Bengaluru, and Chennai.
Orient Technologies has all the prestigious certifications, such as ISO 27001:2013, ISO 20000-1:2018, and CMMI Maturity Level 3, that point to its focus on quality, security, and business continuity. As of June 30, 2024, the company remains supported by 1,482 permanent employees in delivering innovative IT solutions to meet client needs.
Orient Technologies IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,085,049 | 1,563,786 1,042,525 521,262 | 3,648,835 | 7,297,670 |
| Day 1 - 21-08-24 05:00 PM | 0.02 x | 6.17 4.32 x 9.87 x | 10.50 x | 6.65 x |
| Day 2 - 22-08-24 05:00 PM | 0.16 x | 20.72 15.57 x 31.74 x | 24.45 x | 16.93 x |
| Day 3 - 23-08-24 05:00 PM | 189.90 x | 300.55 332.96 x 235.74 x | 66.80 x | 151.66 x |
Retail:53.96x
BHNI:66.53x
SHNI:231.04x times
Orient Technologies IPO - Issue Objectives
- 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: Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering. (collectively, Capital Expenditure).
- General corporate purposes.
Orient Technologies
Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400093Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: complianceofficer@orientindia.net
Website: https://linkintime.co.in/initial_offer/public-issues.html