Orient Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 21 Aug 2024
Close Date
Fri, 23 Aug 2024
Price Band
₹ 195 – 206
Lot Size
72
Issue Size
₹ 214.76 Cr
Minimum Investment
₹ 14,832 (72 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Orient Technologies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹214.76 Crore, comprising a fresh issue of 58.25 Lakh equity shares aggregating to ₹120.00 Crore and an offer for sale (OFS) of 46.00 Lakh equity shares aggregating to ₹94.76 Crore by the existing shareholders.
The Orient Technologies IPO remained open for subscription from August 21, 2024, to August 23, 2024. The basis of allotment was finalized on August 26, 2024, and the company's shares were listed on the NSE and BSE on August 28, 2024.
The company had fixed the price band at ₹195 to ₹206 per share, with a lot size of 72 shares. Retail investors were required to make a minimum investment of ₹14,832 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Elara Capital (India) Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Orient Technologies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Orient Technologies IPO Timeline (Tentative)
- IPO Open Date
- Wed, 21 Aug 24
- IPO Close Date
- Fri, 23 Aug 24
- Basis of Allotment
- Mon, 26 Aug 24
- Initiation of Refunds
- Tue, 27 Aug 24
- Credit of Shares to Demat
- Tue, 27 Aug 24
- Listing Date
- Wed, 28 Aug 24 — NSE & BSE
Open Date
21 August 2024
Close Date
23 August 2024
Basis Of Allotment
26 August 2024
Listing Date
28 August 2024
IPO Subscription
Check Live Subscription →The Orient Technologies IPO has received bids for 1,13,02,20,648 shares against 74,49,846 shares offered, resulting in an overall subscription of 151.71x. the NII category is subscribed 300.6x, Retail Investors 66.87x, and QIBs 189.9x. Within the NII category, BNII is subscribed 332.96x, while SNII is subscribed 235.88x.
QIB
189.9x
NII
300.6x
BNII
332.96x
SNII
235.88x
RII
66.87x
Total
151.71x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 36,48,835 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 20,85,049 shares (20%), while Non-Institutional Investors (NIIs) receive 15,63,786 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 3,127,522 | 30% |
| Qualified Institutions | 2,085,049 | 20% |
| Non-Institutional | 1,563,786 | 15% |
| BNII | 1,042,525 | 10% |
| SNII | 521,262 | 5% |
| Retail Investors | 3,648,835 | 35% |
| Total | 10,425,192 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Orient Technologies Limited KPI Information
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 27.26 |
| ROCE % | 28.42 |
| RoNW % | 23.64 |
| PbW | 4.21 |
| Pat Margin % | 6.87 |
Peers Comparison
No Peer Comparision Available
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.
Orient Technologies Limited Address / Contact Details
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
Orient Technologies IPO Lot Size
The Orient Technologies IPO has a lot size of 72 shares. Retail investors require a minimum investment of ₹14,832 by applying for 1 lot (72 shares). The maximum application allowed for the retail category is 13 lots (936 shares), requiring an investment of ₹1,92,816.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Elara Capital (India) Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Orient Technologies 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.
When will the Orient Technologies IPO open for subscription?
The Orient Technologies IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024
What is Orient Technologies IPO Price Band?
Orient Technologies IPO Price Band is ₹195 to 206 per share.
What is Orient Technologies IPO Lot Size?
Orient Technologies IPO lot size is 72 shares, Retail investors need a minimum investment of ₹14832 based on the upper price band
What is the minimum investment for Orient Technologies IPO?
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.
How to apply for Orient Technologies IPO?
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.
What is Orient Technologies IPO Issue Size?
Orient Technologies IPO issue size is ₹214.76 crores.
What is the Orient Technologies IPO Allotment Date?
Orient Technologies IPO allotment date is Mon, Aug 26, 2024.
Who is the Orient Technologies IPO Registrar?
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.
What is the Orient Technologies IPO GMP?
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 39.81% over the issue price.
Who is the Orient Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the Orient Technologies IPO are Elara Capital (India) Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Orient Technologies IPO Red Herring Prospectus (RHP).