Orient Technologies IPO Review (Apply or Not)
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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 Market Lot
The Orient Technologies IPO minimum market lot is 72 shares with ₹14,832 application amount. The retail investors can apply up-to 13 lots with 936 shares or ₹192,816 amount.
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 Allotment & Listing Dates
The Orient Technologies IPO date is August 21 and the close date is August 23. The Orient Technologies IPO allotment will be finalized on August 26 and the IPO listing on August 28.
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 |
About Company
Orient Technologies is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years they have built deep expertise to develop products and solutions for specialized disciplines across their business verticals which are set out below: IT Infrastructure, IT Enabled Services (IteS), and Cloud and Data Management Services. Their business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Private Limited (Dell) Fortinet, Inc. (Fortinet), and Nutanix Netherlands B.V. (Nutanix). A key facet of their product and service offerings is their ability to tailor and customize their offerings to the specific needs of their customers. Their collaboration with their technology partners heightens their ability to design and innovate products and provide solutions tailored to specific customer requirements.
Their range of customized offerings and their ability to specifically tailor solutions to the specific needs of customers have enabled us to garner prominent customers across industries and they count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, IteS, healthcare/pharmaceutical (Customer Industries). Their constant endeavor is to nurture every client relationship to ensure that it translates into a long-term association. They also continually engage with their customers to understand their 215 requirements better to be able to provide more holistic services and to identify new areas where they can engage with them.
Objects of the Issue
- 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
You can check IPO subscription status and IPO allotment status on their respective pages.
Orient Technologies IPO Form
How to apply for the Orient Technologies IPO? You can apply for Orient Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Orient Technologies IPO in the Invest section. The other option is you can apply for Orient Technologies IPO via IPO forms downloaded via NSE and BSE. Check out the Orient Technologies forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Orient Technologies Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2022 | ₹469.12 | ₹424.57 | ₹33.49 |
2023 | ₹542.01 | ₹490.06 | ₹38.30 |
2024 | ₹606.86 | ₹551.96 | ₹41.44 |
Orient Technologies IPO Valuation – FY2024
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): | ₹11.80 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 23.64% |
Net Asset Value (NAV): | ₹48.95 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: [email protected]
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: [email protected]
Website: https://www.orientindia.in/