Orient Technologies IPO
Open MainLineCurrent GMP
₹82 (+39.81%)
Price Band
₹ 195 – 206
Lot Size
72
Issue Size
₹214.76 Cr
Minimum Investment
₹14832 (72 Shares)
Listing Date
28 August 2024
Subscription
151.71x
About the Company
Founded in July 1997, Orient Technologies Limited is a rapidly expanding IT solutions provider based in Mumbai, Maharashtra. The company excels in delivering tailored products and solutions across several key business areas:
- **IT Infrastructure**: Offering products and solutions for Data Centre Solutions and End-User Computing.
- **IT Enabled Services (IteS)**: Providing services such as Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- **Cloud and Data Management Services**: Specializing in migrating workloads from data centres to the cloud.
With a diverse range of customized offerings and a knack for meeting specific customer needs, Orient Technologies Limited has attracted prominent clients across various industries. The company serves leading entities in both the public and private sectors, including banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical sectors.
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
Promoters
Orient Technologies Limited Promoters
- Ajay Baliram Sawant
- Umesh Navnitlal Shah
- Ujwal Arvind Mhatre
- Jayesh Manharlal Shah
Promoters Holding
Holding Pre Issue
97.96%
Holding Post Issue
73.21%
Objects of the Issue
The company plans to allocate the net proceeds from the issue for the following purposes:
- Acquisition of office premise at Navi Mumbai situated at units 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.
Address / Contact Info
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: complianceofficer@orientindia.net
Website: https://www.orientindia.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 21 August 2024
IPO Close Date
Friday, 23 August 2024
Basis of Allotment
Monday, 26 August 2024
Initiation of Refunds
Tuesday, 27 August 2024
Credit of Shares to Demat
Tuesday, 27 August 2024
Listing Date
Wednesday, 28 August 2024 — NSE & BSE
Important Dates
Open Date
21 August 2024
Close Date
23 August 2024
Basis Of Allotment
26 August 2024
Listing Date
28 August 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 | 112.45 |
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 |
| Profit After Tax | 41.45 | 38.3 | 33.49 | 0.13 |
| Net Worth | 175.31 | 128.82 | 94.11 | 61.29 |
| Reserve & Surplus | 138.79 | 111.32 | 76.61 | 44.79 |
| Total Borrowings | 4.82 | 12.86 | 2.28 | 9.22 |
EPS Pre
11.57%
EPS Post
9.95%
P/E Pre
17.80
P/E (Post Issue)
20.70x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 27.26 |
| ROCE % | 28.42 |
| Debt / Equity | 0 |
| RoNW % | 23.64 |
| PbW | 4.21 |
| Pat Margin % | 6.87 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 3127522 | 30 | 0 |
| Qualified Institutions | 2085049 | 20 | 0 |
| Non-Institutional | 1563786 | 15 | 0 |
| BNII | 1042525 | 10 | 1034 |
| SNII | 521262 | 5 | 517 |
| Retail Investors | 3648835 | 35 | 50678 |
| Total | 10425192 | 100 | 0 |
Subscription Status ( Fri, 20 Sep 24 06:58 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2072922 | 393646320 | 189.9x |
| Non-Institutional | 1613077 | 484883712 | 300.6x |
| BNII | 1075385 | 358054992 | 332.96x |
| SNII | 537692 | 126828720 | 235.88x |
| Retail Investors | 3763847 | 251690616 | 66.87x |
| Total | 7449846 | 1130220648 | 151.71x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 72 | 14,832.00 |
| Retail (Max) | 13 | 936 | 192,816.00 |
| S-HNI (Min) | 14 | 1,008 | 207,648.00 |
| S-HNI (Max) | 67 | 4,824 | 993,744.00 |
| B-HNI (Min) | 68 | 4,896 | 1,008,576.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Elara Capital (India) Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Orient Technologies IPO is a Book-building IPO worth ₹214.76 crores. The price band is ₹195 to 206 per share. The IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Orient Technologies IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024
Orient Technologies IPO Price Band is ₹195 to 206.
Orient Technologies IPO lot size is 72, and the minimum amount required for application is ₹14832.
The minimum investment for Orient Technologies IPO is approximately ₹14832 based on the upper price band.
To apply for the Orient Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 23, 2024. After submission, funds are blocked until the basis of allotment of Orient Technologies IPO is finalised.
Orient Technologies IPO issue size is ₹214.76 crores.
Orient Technologies IPO allotment date is Sat, Jun 27, 2026.
The registrar for Orient Technologies IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Orient Technologies IPO through their official website or helpline.
The Orient Technologies IPO GMP (Grey Market Premium) is ₹82 as of Fri, Aug 23, 2024. Based on the upper price band of ₹206 per share, the estimated Orient Technologies IPO listing price is ₹288, indicating a potential listing gain of approximately 31% over the issue price.