Orient Technologies IPO Date, Review, Price, Allotment Details

Orient Technologies IPO Details: Orient Technologies IPO date is fixed, the IPO is to hit the market on August 21, 2024 and will close on August 23, 2024. Orient Technologies IPO to raise around ₹214.76 crores via IPO that comprises fresh issue of ₹120 crores and offer for sale up to 4,600,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

orient-technologies-ipo

Orient Technologies IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated 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 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.

ApplicationLot SizeSharesAmount
Retail Minimum172₹14,832
Retail Maximum13936₹192,816
S-HNI Minimum141,008₹207,648
B-HNI Minimum684,896₹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
YearRevenueExpensePAT
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/

    Share the Post:
    Facebook
    Twitter
    LinkedIn

    OPEN DEMAT ACCOUNT