Orient Technologies
Mainboard₹14,832 / 72 Shares
Orient Technologies IPO Details
The Orient Technologies IPO price band is set between ₹195-206 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 21 Aug, 2024 and closes on 23 Aug, 2024. Investors can check the allotment status on 26 Aug, 2024, while the listing date is tentatively scheduled for 28 Aug, 2024.
The total issue size is Total ₹214.76 Cr :#Fresh Issue : 5,825,243 shares, aggregating up to ₹120.00 Cr. Stay tuned for the latest Orient Technologies IPO review and GMP updates.
Orient Technologies IPO Review, Rating & Analysis
Orient Technologies IPO Review
NO REVIEWOrient Technologies IPO Rating
Orient Technologies IPO Highlights
IPO Date
Aug 21, 2024 - Aug 23, 2024
Listing Date
28 Aug, 2024
Face Value
₹10 Per Equity Share
Price Band
₹195-206 per equity share
Lot Size
72 Shares
Fresh Issue
5,825,243 Shares
Offer for Sale
4,600,000 shares of ₹10
Listing At
BSE, NSE
Orient Technologies IPO Lot Size
The minimum market lot for Orient Technologies IPO is 72 shares with an application amount of ₹14,832. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,832 |
| Retail (Max) | 13 | 936 | ₹1,92,816 |
| S-HNI (Min) | 14 | 1008 | ₹2,07,648 |
| S-HNI (Max) | 67 | 4824 | ₹9,93,744 |
| B-HNI (Min) | 68 | 4896 | ₹10,08,576 |
Orient Technologies IPO Timeline
Issue Price
₹195-206 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead 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)
Orient 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
11.57EPS Post IPO
9.95PE Pre IPO
17.8PE Post IPO
20.7ROE
27.26ROCE
28.42Debt Equity
-RoNW
23.64PAT Margin
6.87Price to Book Value
4.21Promoters & Share Holding
Promoter(s) Name
- Ajay Baliram Sawant
- Jayesh Manharlal Shah
- Umesh Navnitlal Shah
- Ujwal Arvind Mhatre
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 97.96% | 73.21% |
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
Company Contact Details
Orient Technologies
Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400093Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: complianceofficer@orientindia.net
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Orient Technologies IPO
When will Orient Technologies IPO open for subscription?
The Orient Technologies IPO opens on 21 Aug, 2024 and closes on 23 Aug, 2024.
What is the investors portion for Orient Technologies IPO?
The investors' portion for QIB is 189.90 x, NII is 332.96 x, and Retail is 66.80 x.
How to apply for Orient Technologies IPO?
You can apply for Orient Technologies IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Orient Technologies IPO?
The issue size of Orient Technologies IPO is approx ₹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) crores.
What is the price band of Orient Technologies IPO?
The price band for Orient Technologies IPO is ₹195 to ₹206 per equity share.
What is the lot size of Orient Technologies IPO?
The minimum bid (lot size) for Orient Technologies IPO is N/A shares with an investment of approx ₹14,832 .
What is the allotment date of Orient Technologies IPO?
The allotment date for Orient Technologies IPO is 26 Aug, 2024.
What is the listing date of Orient Technologies IPO?
The listing date for Orient Technologies IPO is expected to be 28 Aug, 2024.
What is the GMP of Orient Technologies IPO?
The latest Grey Market Premium (GMP) for Orient Technologies IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.