Orient Technologies IPO details Today : Orient Technologies IPO details Today is Open on 21 August 2024 and Close on 23 August 2024. Orient Technologies IPO to Raise 10,425,243 shares (Approx ₹214.76 Cr) via IPO. The Fresh issue of 5,825,243 shares (Approx ₹120.00 Cr) and The Offer For Sale is 4,600,000 shares of ₹10 (Approx ₹94.76 Cr).
Incorporated in the year 1997. We are a fast-growing information technology (IT) solutions provider Over the years we have built deep expertise to develop products and solutions for specialised disciplines across our business verticals which are set out 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.
- Cloud and Data Management Services: Services include migration of workload from data centres to cloud.
Our business operations involve technologically advanced solutions for which we collaborate with a wide range of technology partners including Dell International Services India Private Limited.
Fortinet Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix). A key facet of our product and service offerings is our ability to tailor and customise our offerings to the specific needs of our customers. Our collaboration with our technology partners heightens our ability to design and innovate products and provide solutions tailored to specific customer requirements.
We 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).
Our Existing Customers.
BFS :- 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)
IteS :- Integreon Managed Solutions India Private Limited (Integreon
Government and Public Sector :- Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai
Healthcare and Pharmaceutical :- ACG Associated Capsules Private Limited (ACG) and Jyothy Labs Limited (Jyothy Labs)
Others :- D’Décor Exports Private Limited (D’Décor)
Our business operations currently Various multinational companies corporate office situated in Mumbai, Maharashtra, with sales and services offices located across various cities in India such as Navi Mumbai and Pune in Maharashtra, Ahmedabad, Gujarat, New Delhi, Bengaluru, Karnataka and Chennai, Tamil Nadu. We also have a branch located in Singapore.
Orient Technologies IPO Date & Price Band Details
| IPO Open Date | 21 Aug 2024 |
|---|---|
| IPO Close Date | 23 Aug 2024 |
| IPO Size | 10,425,243 shares (Approx ₹214.76 Cr) |
| Fresh Issue | 5,825,243 shares (Approx ₹120.00 Cr) |
| Offer For Sale | 4,600,000 shares of ₹10 (Approx ₹94.76 Cr) |
| Lot Size | 72 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹195 to ₹206 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Orient Technologies IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 72 | ₹14,832 |
| Retail Maximum | 13 | 936 | ₹192,816 |
| S-HNI Minimum | 14 | 1,008 | ₹207,648 |
| B-HNI Minimum | 68 | 4,896 | ₹1,008,576 |
Object of the Issue
- Acquisition of office premise at Navi Mumbaisituated 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.
- Purchase of Equipment and Devices to offer Devise-as-a-Service (DaaS)offering. (collectively Capital Expenditure).
- General corporate purposes.
Orient Technologies IPO Allotment & Listings (Details)
| IPO Open Date | 21 Aug 2024 |
|---|---|
| IPO Close Date | 23 Aug 2024 |
| Basis of Allotment | 26 Aug 2024 |
| Refunds | 27 Aug 2024 |
| Credit to Demat Account | 27 Aug 2024 |
| IPO Listing Date | 28 Aug 2024 |
Orient Technologies Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹266.31 | ₹246.40 | ₹16.40 |
| 2023 | ₹535.10 | ₹490.06 | ₹38.30 |
| 2022 | ₹467.44 | ₹424.57 | ₹33.49 |
| 2021 | ₹247.34 | ₹248.48 | ₹0.13 |
Our Company Promoters
- Ajay Baliram Sawant.
- Umesh Navnitlal Shah.
- Ujwal Arvind Mhatre.
- Jayesh Manharlal Shah.
Qualitative Factors
- Marquee customer base across diverse Customer Industries.
- Wide ranging and diversified IT solutions and offerings.
- Strong Promoters and Board of Directors supported by an experienced senior management team.
- Track record of financial performance.
Orient Technologies Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Orient Technologies Limited | 10.00 | 10.94 | [.] | 29.73% | 73.61 | 5,420.09 |
| Peer Group | ||||||
| Dynacons Systems & Solutions | 10.00 | 27.78 | 27.17 | 31.93% | 82.53 | 8,067.65 |
| Wipro Limited | 2.00 | 54.85 | 30.44 | 22.70% | 241.00 | 1,028,140.00 |
| HCL Technologies | 2.00 | 20.73 | 26.26 | 14.62% | 141.63 | 927,533.00 |
| LTIMindtree Limited | 1.00 | 149.07 | 37.51 | 26.57% | 561.15 | 337,399.00 |
| Allied Digital Services Limited | 5.00 | 9.87 | 16.67 | 1.21% | 104.18 | 6,657.30 |
| Dev Information Technology Limited | 5.00 | 4.08 | 36.34 | 21.57% | 18.81 | 1,311.23 |
| Tech Mahindra Limited | 5.00 | 54.76 | 23.90 | 17.11% | 291.48 | 542,552.00 |
| Silicon Rental Solutions Limited | 10.00 | 12.06 | 16.46 | 20.95% | 49.59 | 363.49 |
Comparison of accounting ratios with listed industry peers
- Orient Technologies Limited.
- Dynacons Systems & Solutions.
- Wipro Limited.
- HCL Technologies.
- LTIMindtree Limited.
- Allied Digital Services Limited.
- Dev Information Technology Limited.
- Tech Mahindra Limited.
- Silicon Rental Solutions Limited.
Orient Technologies Company Contact Details
Off No. 502, 5th Floor,
Akruti Star, Central Road, MIDC,
Opposite Akruti Point Central,
Andheri (East), Mumbai – 400 093
Telephone: +91 22 4292 8800
E-mail: complianceofficer@orientindia.net
Website: www.orientindia.in
Orient Technologies Lead Manager
Elara Capital (India) Private Limited
One International Centre, Tower 3,
21st Floor, Senapati Bapat Marg, Elphinstone Road West,
Mumbai – 400 013, Maharashtra, India.
Tel: +91 22 6164 8599
E-mail: otl.ipo@elaracapital.com
Investor grievance e-mail: mb.investorgrievances@elaracapital.com
Website: www.elaracapital.com
Contact Person: Astha Daga
Orient Technologies IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra – 400 083, India
Tel: +91 810 811 4949
E-mail: orienttech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: orienttech.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
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