Orient Technologies Limited IPO
- IPO Date21 Aug, 2024 to 23 Aug, 2024
- Listing Date28 Aug, 2024
- Face Value₹10 per share
- Issue Price₹195 to ₹206 per share
- Lot Size72 Shares
- Minimum Investment₹14,832
- Listing AtBSE, NSE
- Total Issue Size1,04,25,243 Shares
(aggregating up to ₹214.76 Cr) - Fresh Issue58,25,243 Shares
(aggregating up to ₹120.00 Cr)
- Offer for Sale46,00,000 Shares
(aggregating up to ₹94.76 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,58,16,500
- Shareholding post issue4,16,41,743
IPO Dates
Closing Date
23 Aug, 2024
Initiation of Refunds
27 Aug, 2024
Listing Date
28 Aug, 2024
21 Aug, 2024
Opening Date
26 Aug, 2024
Basis of Allotment
27 Aug, 2024
Credit of Shares
Orient Technologies Limited Lot Size
Investors can bid for a minimum of 72 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,832 |
| B-HNI (Min) | 68 | 4896 | ₹10,08,576 |
| S-HNI (Max) | 67 | 4824 | ₹9,93,744 |
| S-HNI (Min) | 14 | 1008 | ₹2,07,648 |
| Retail (Max) | 13 | 936 | ₹1,92,816 |
Orient Technologies Limited Promoter Holding
Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.96% | - |
Orient Technologies Limited COMPANY INFORMATION
Orient Technologies IPO is a book built issue of Rs 214.76 crores. The issue is a combination of fresh issue of 0.58 crore shares aggregating to Rs 120.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 94.76 crores. Orient Technologies IPO opens for subscription on August 21, 2024 and closes on August 23, 2024. The allotment for the Orient Technologies IPO is expected to be finalized on Monday, August 26, 2024. Orient Technologies IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, August 28, 2024. Orient Technologies IPO price band is set at ₹195 to ₹206 per share. The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ₹14,832. The minimum lot size investment for sNII is 14 lots (1,008 shares), amounting to ₹207,648, and for bNII, it is 68 lots (4,896 shares), amounting to ₹1,008,576. Elara Capital (India) Private Limited is the book running lead manager of the Orient Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Orient Technologies IPO RHP for detailed information.
Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals.
These areas are outlined below:
IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;
IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and
Cloud and Data Management Services: Services include migration of workload from data centres to cloud.
The company's wide range of customized offerings and its ability to tailor solutions to meet customers' specific needs have enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical.
Orient Technologies Limited, established in July 1997, is a fast-growing IT solutions provider based in Mumbai. It specializes in IT infrastructure, IT-enabled services (IteS), and cloud and data management services.
The clientele of the company includes Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank) and Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon),Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai and D'Décor Exports Private Limited (D'Décor).
The company has received the following certifications: ISO 27001:2013 for Information Security Management System, ISO 20000-1:2018 for Information Technology Services Management, ISO 9001:2015 for Quality Management System, and ISO/IEC 27001:2013 for Information Security Management System. Additionally, we have been awarded the ISO 22301:2012 certificate for our business continuity management systems and the CMMI Maturity Level 3 Certificate.
The company's corporate office is in Mumbai, Maharashtra, and sales and services offices are located in various cities in India, such as Navi Mumbai and Pune in Maharashtra, Ahmedabad, Gujarat, New Delhi, Bengaluru, Karnataka, and Chennai, Tamil Nadu.
The company has 1,482 permanent employees as of June 30, 2024.
Orient Technologies Limited IPO
Overview
Orient Technologies Limited is planning to launch its Initial Public Offering (IPO). This document analyzes the key aspects of the IPO, including its pros and cons, to help potential investors make informed decisions.
Pros and Cons of Orient Technologies Limited IPO
Pros
- Experienced Management Team: The company is managed by a team with substantial industry experience, which could drive future growth.
- Growth Potential: Orient Technologies operates in a sector with significant expansion potential, especially with the increasing demand for technological solutions.
- Market Position: The company holds a strong market position in its industry, giving it an edge over competitors.
- Financial Stability: The company has shown consistent financial performance, indicating stability and reliability.
- Use of IPO Funds: The funds raised through the IPO are planned for strategic investments that could boost future profitability.
Cons
- Market Volatility: The technology sector is known for its volatility, which could impact the stock’s performance post-IPO.
- Competitive Pressure: High competition in the tech industry may limit the company’s growth potential.
- Dependency on Key Clients: A significant portion of revenue comes from a few key clients, which could be a risk if these clients are lost.
- Regulatory Risks: The company is subject to stringent regulations, and any changes in these could negatively affect its operations.
Understanding Orient Technologies Limited IPO
The IPO of Orient Technologies Limited is a significant event for the company, aimed at raising capital to fund its future growth initiatives. The document outlines the reasons behind the IPO, the potential benefits for the company, and the risks associated with investing.
Company Background
Orient Technologies Limited is a well-established player in the technology sector, known for its innovative solutions and strong client base. The company has shown resilience in a competitive market, which could bode well for its IPO.
Financial Performance
The company has maintained steady financial growth over the years, with a strong balance sheet and healthy cash flow. These factors are crucial for investors considering the IPO, as they indicate the company’s ability to generate returns.
IPO Objectives
The primary objective of the IPO is to raise funds for expansion and investment in new technologies. The company plans to use the proceeds to enhance its product offerings and enter new markets, which could drive future growth.
Risks and Challenges
Despite the positives, there are risks associated with investing in Orient Technologies Limited’s IPO. The technology sector's volatility, coupled with regulatory challenges, presents potential downsides. Additionally, the company’s reliance on a few key clients poses a risk to its revenue stability.
Final Thoughts
Investing in the Orient Technologies Limited IPO offers potential rewards but also comes with risks. It is essential for investors to weigh the pros and cons carefully before making a decision. The company’s strong market position and financial stability are promising, but the challenges in the tech industry cannot be overlooked.
FAQs About Orient Technologies Limited Ipo
Orient Technologies Limited IPO will open on 21 Aug, 2024 and close on 23 Aug, 2024. Investors must apply within this period to participate.
The Orient Technologies Limited IPO price band is set between ₹195.00 and ₹206.00 per share. The minimum lot size is 72, requiring an investment of at least ₹14832.00.
The Orient Technologies Limited IPO shares are expected to be listed on 28 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Orient Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Orient Technologies Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.