The IT solutions provider company Orient Technologies IPO will be hit the market tantative date August 21, 2024 and closes on August 23, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹214.76 crore through IPO. The company will issue fresh shares of ₹120 crores through this IPO and will issue shares through offer for sale of ₹94.76 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals. You can check Orient Technologies IPO GMP here.
| Read also: Upcoming IPO List 2024 |
These areas are outlined below:
- IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;
- IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and
- Cloud and Data Management Services: Services include migration of workload from data centers to the cloud.
The company’s wide range of customized offerings and its ability to tailor solutions to meet customers’ specific needs have enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance (BFSI), IT, ITes, and healthcare/pharmaceutical. You can check Orient Technologies IPO subscription status here.
The clientele of the company includes Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank), and Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon), Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai and D’Décor Exports Private Limited (D’Décor).
Object Of the Issue :
- Acquisition of office premises at Navi Mumbai situated at units no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium BusinessPark, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);
- funding capital expenditure requirements for (1) the Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property; and (2) the Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering. (collectively, Capital Expenditure).
- General corporate purposes.
Company Strengths :
- Marquee customer base across diverse Customer Industries.
- Wide-ranging and diversified IT solutions and offerings.
- Strong Promoters and a Board of Directors supported by an experienced senior management team.
- Track record of financial performance.
Orient Technologies IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹41.45Cr ₹206 /EQ 11.80 17.46x 27.26 % 23.64 % 28.42 % – ₹48.95 ₹311.14 Cr ₹738.86 Cr 97.96 % – % |
| Team Review : | ✔ Apply For Long Term |
👉 Orient Technologies IPO Show Review ….👈
- ■ The company is fast-growing information technology (IT) solutions provider in India.
- ■ The company top line & bottom line posted strong growth.
- ■ The PE ratio of the company is very attractive.
- ■ The company Issue price is fully priced based on the PE Ratio.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Orient Technologies IPO Date & Price Band & Details :
| IPO Open : | August 21, 2024 |
| IPO Close : | August 23, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹195 – ₹206 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹214.76 Cr {10,425,243 Shares} |
| Fresh Issue : | ₹120.00 Cr {5,825,243 Shares} |
| Offer For Sale : | ₹94.76 Cr {4,600,000Shares} |
Orient Technologies IPO Market Lot :
Orient Technologies IPO Minimum Market lot is 1 Lot with 72 shares with ₹14,832 Application amount. The retail investors can apply up to 13 lots with 936 Shares or ₹192,816 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 72 | ₹14832 |
| Retail Maximum : | 13 | 936 | ₹192,816 |
| S-HNI Minimum : | 14 | 1008 | ₹207,648 |
| S-HNI Maximum : | 67 | 4824 | ₹993,744 |
| B- HNI Minimum : | 68 | 4896 | ₹1,008,576 |
Orient Technologies IPO Reservation :
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 5,212,622 | ₹107.38 |
| NII : | 15% | 1,563,786 | ₹32.22 |
| RII : | 35% | 3,648,835 | ₹75.16 |
| Total : | 100% | 10,425,243 | ₹214.76 |
Orient Technologies IPO EPS & RoNW :
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 | 11.80 | 23.64 | 48.95 |
| 2023 | 10.94 | 29.73 | 73.61 |
| 2022 | 9.57 | 35.59 | 53.77 |
| 2021 | 0.04 | 0.22 | 37.14 |
Orient Technologies IPO Peer Comparison PE :
Orient Technologies IPO Dates :
| Anchor Date : | August 20, 2024 |
| Open Date : | August 21, 2024 |
| Close Date : | August 23, 2024 |
| Allotment Date : | August 26, 2024 |
| Refund Date : | August 27, 2024 |
| Share Credit Date : | August 27, 2024 |
| Listing Date : | August 28, 2024 |
Orient Technologies IPO Form :
There are two ways to apply in Orient Technologies IPO. You can apply for Orient Technologies IPO through ASBA available in your bank account. You have to go to your online bank login select Orient Technologies IPO in the Invest section and apply through your bank account. Another option is to apply for an Orient Technologies IPO through an IPO form downloaded from NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Orient Technologies Company Financial Report (Crore) :
| Year | Revenue (₹) | Expense (₹) | PAT (₹) |
| 2023 Sep | 268.17 | 246.40 | 16.40 |
| 2023 | 542.01 | 490.05 | 38.30 |
| 2022 | 469.12 | 424.60 | 33.49 |
| 2021 | 248.96 | 248.48 | 0.13 |
Company Promoters :
■ Ajay Baliram Sawant
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Orient Technologies IPO Lead Managers :
■ Elara Capital (India) Private Limited
Orient Technologies IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra – 400 083, India
Investor grievance e-mail: [email protected]
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Orient Technologies IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Orient Technologies Limited
Off No-502, 5th Floor, Akruti Star,
Central Road, MIDC, Opp. Akruti Point Central
Andheri (East), Mumbai 400093
Phone: +91 22 4292 8777
Email: [email protected]
Website: https://www.orientindia.in/
Orient Technologies IPO FAQs :
What is Orient Technologies IPO?
Orient Technologies IPO is a Mainboard IPO. They are going to raise ₹214.76 Crores via IPO. The issue is priced at ₹195-₹206 per equity share. The IPO is to be listed on NSE, and BSE.
When Orient Technologies IPO will open?
The IPO is to open on August 21, to August 23, 2024 for QIB, NII & RII.
What is Orient Technologies IPO Size?
Orient Technologies IPO size is ₹214.76 Crores.
What is the Fresh issue size of Orient Technologies IPO?
The Fresh issue size of Orient Technologies IPO ₹120.00 Cr.
What is the Offer For Sale size of Orient Technologies IPO?
The Offer For Sale size of Orient Technologies IPO ₹94.76 Cr.
What is the Orient Technologies IPO Minimum and Maximum Lot Size?
The minimum 72 Shares with ₹14,832 amount while the maximum 936 shares with ₹132,816.
What is the Orient Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Orient Technologies IPO Allotment Date?
Orient Technologies IPO allotment date is August 26, 2024.
What is the Orient Technologies IPO Listing Date?
Orient Technologies IPO listing date is August 28, 2024. The IPO is to be listed on NSE, and BSE.
How can the Orient Technologies IPO be applied through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Orient Technologies IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Orient Technologies IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Orient Technologies IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Orient Technologies IPO GMP: Click Here Orient Technologies IPO Subscription: Click Here Orient Technologies IPO Allotment: Click Here Orient Technologies IPO Listing: Click Here Orient Technologies IPO Web Story: Click Here |
All Orient Technologies IPO-related links are available here. If you want to know the details then Click the link.
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