Orient Technologies IPO Details
The Orient Technologies IPO is a book build issue with a total issue size of ₹214.76 cr, comprising of fresh issue of 5825243 equity shares., and a offer for sale of 4600000 equity shares. Orient Technologies IPO opened for subscription on Aug 21, 2024 and closed on Aug 23, 2024. Orient Technologies IPO is set price band at ₹195 to ₹206 per share, with a lot size of 72 shares. Minimum investment for Retail investors was ₹14,832.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 26, 2024, and listed on both the NSE and BSE on Aug 28, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Elara Capital (India) Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Orient Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 195 – 206
- Lot Size
- 72
- Issue Size
- ₹214.76 Cr
- Minimum Investment
- ₹14832 (72 Shares)
- Listing Date
- 28 August 2024
Current GMP
₹82 (+39.81%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Orient Technologies Limited
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
Orient Technologies IPO 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%
Orient Technologies IPO Objective
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
Book Running Lead Managers
- Elara Capital (India) Private Limited
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 with a total issue size of ₹214.76 crore. The Orient Technologies IPO price band is ₹195 to 206 per share. The Orient Technologies IPO subscription opens on Wed, Aug 21, 2024, and closes on Fri, Aug 23, 2024. The Orient Technologies IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Orient Technologies IPO.
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 per share.
Orient Technologies IPO lot size is 72 shares, Retail investors need a minimum investment of ₹14832 based on the upper price band
The minimum investment for Orient Technologies IPO is ₹14832, based on one lot of 72 shares at the upper price band of ₹206 per share.
Investors can apply for the Orient Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 23, 2024. The application amount remains blocked until the Orient Technologies IPO allotment is finalized.
Orient Technologies IPO issue size is ₹214.76 crores.
Orient Technologies IPO allotment date is Wed, Jul 1, 2026.
The registrar for Orient Technologies IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Orient Technologies IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.