Orient Technologies IPO (Orient Technologies Limited IPO)
Orient Technologies IPO open for bidding on 21st August 2024 and ends on 23rd August 2024.
Orient Technologies Limited was founded on July 4, 1997, in Mumbai, India. The company specializes in providing a wide range of IT services and solutions, including systems integration, IT infrastructure management, and IT consulting. In addition, Orient Technologies offers a broad spectrum of hardware and software products, designed to meet the technology needs of various industries. Their solutions are aimed at optimizing IT environments, which enhances operational efficiency and supports business growth.
With a strong focus on innovation and customer-centric services, Orient Technologies has built a reputation for delivering tailored IT solutions that drive digital transformation for its clients. The company’s offerings are particularly valued by organizations seeking to streamline their IT processes and adopt cutting-edge technologies that give them a competitive edge in the marketplace.
For more details refer to Orient Technologies IPO RHP and Orient Technologies IPO Pulse Score
Orient Technologies IPO Details
| IPO Date | 21st August 2024 to 23rd August 2024 |
| Listing Date | 28th August 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹206 per share |
| Lot Size | 72 Shares |
| Total Issue Size | 1,05,77,418 shares (aggregating up to ₹214.76 Cr) |
| Fresh Issue | 59,77,418 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 46,00,000 shares of ₹10 (aggregating up to ₹94.76 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 31,27,572(29.6%) |
| QIB | 20,72,922(19.6%) |
| NII | 16,13,077(15.2%) |
| bNII | 10,75,385(10.2%) |
| sNII | 5,37,692(5%) |
| Retail | 37,63,847(35.6%) |
| Total | 1,05,77,418(100%) |
Orient Technologies IPO Timeline
| IPO Open | 21st August 2024 |
| IPO Close | 23rd August 2024 |
| Basis Of Allotment | 26th August 2024 |
| Initiation of Refunds | 27th August 2024 |
| Credit of Shares to Demat | 27th August 2024 |
| Listing Date | 28th August 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹857.82 Cr | P/E Ratio- Pre IPO | 17.8 |
| RoNW | 23.64% | P/E Ratio- Post IPO | 20.7 |
| RoCE | 28.42% | P/B Ratio | 4.21 |
| Debt to Equity | 0.03 | PAT Margin% | 6.87% |
Orient Technologies IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Acquisition of office premise at Navi Mumbai situated 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);
- 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; and
- General corporate purposes.
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