Orient Technologies IPO
IPO Listing Details
- Listing Date
28 Aug 2024
- Listing Price
₹290.00
- Listing Change
40.78%
- Last Traded Price
₹307.15
IPO Details
- Open Date
21 Aug 2024
- Close Date
23 Aug 2024
- IPO
Price Range
₹ 195 to ₹ 206
- IPO
Size
₹ 214.76 Cr
- Listing Exchange
BSE, NSE
- Listing Date
28 Aug 2024
IPO Timeline
Orient Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Aug-24 | 0.02 | 6.41 | 11.05 | 6.90 |
| 22-Aug-24 | 0.16 | 21.73 | 25.54 | 17.47 |
| 23-Aug-24 | 188.79 | 310.03 | 68.93 | 154.84 |
Last Updated: 30 August 2024 10:37 AM by 5Paisa
Last Updated: 23rd August 2024, 06:25 PM by 5paisa
Orient Technologies IPO is set to open on 21 August 2024 and will close on 23 August 2024. The company is a rapidly growing IT solutions provider headquartered in Mumbai, Maharashtra.
The IPO includes a fresh issue of 58,25,243 shares aggregating up to ₹120 Cr and it also includes an offer for sale of 46,00,000 shares aggregating up to ₹94.76 Cr. The price range is ₹195 to ₹206 per share and the lot size is 72 shares.
The allotment is scheduled to be finalized on 26 August 2024. It will go public on BSE and NSE, with a tentative listing date of 28 August 2024.
Elara Capital (India) Private Ltd is the book-running lead manager, while Link Intime India Private Ltd is the registrar.
Orient IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 214.76 |
| Offer for sale | 94.76 |
| Fresh issue | 120 |
Orient IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 72 | 14,832 |
| Retail (Max) | 13 | 936 | 1,92,816 |
| S-HNI (Min) | 14 | 1,008 | 2,07,648 |
| S-HNI (Max) | 67 | 4,824 | 9,93,744 |
| B-HNI (Min) | 68 | 4,896 | 10,08,576 |
Orient IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 188.79 | 20,85,049 | 39,36,46,320 | 8,109.11 |
| NII (HNI) | 310.03 | 15,63,786 | 48,48,27,696 | 9,987.45 |
| Retail | 68.93 | 36,48,835 | 25,15,19,688 | 5,181.31 |
| Total | 154.84 | 72,97,670 | 1,12,99,93,704 | 23,277.87 |
Orient IPO Anchor Allocation
| Anchor Bid Date | 19 August 2024 |
| Shares Offered | 3,127,522 |
| Anchor portion Size (In ₹ Cr.) | 64.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | 22 September 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 21 November 2024 |
1. Acquisition of office premise at Navi Mumbai.
2. Funding capital expenditure requirements for:
● 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.
3. General corporate purposes.
Orient Technologies Limited, established in July 1997, is a rapidly growing IT solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive expertise in crafting products and solutions tailored to the specific needs of its business verticals.
These verticals include IT Infrastructure, which offers Data Centre Solutions and End-User Computing; IT-Enabled Services (IteS), providing Managed Services, Multi-Vendor Support, IT Facility Management, Network Operations Centre, Security Services, and Renewals; and Cloud and Data Management Services, specializing in the migration of workloads from data centers to the cloud.
With a wide range of customized offerings and the ability to tailor solutions to meet individual customer requirements, Orient Technologies Limited has successfully attracted a diverse clientele across various industries.
The company serves prominent public and private sector entities in sectors such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical. Some of the notable clients include Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank), 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), the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai, and D'Décor Exports Private Limited (D'Décor).
Orient Technologies Limited has earned several prestigious certifications that underscore its commitment to quality and security. These include ISO 27001:2013 for Information Security Management, ISO 20000-1:2018 for IT Service Management, ISO 9001:2015 for Quality Management, and ISO/IEC 27001:2013 for Information Security Management.
Additionally, the company has been awarded the ISO 22301:2012 certification for its business continuity management systems and the CMMI Maturity Level 3 certification.
The company’s corporate office is located in Mumbai, Maharashtra, with additional sales and service offices in various Indian cities, including Navi Mumbai and Pune in Maharashtra, Ahmedabad in Gujarat, New Delhi, Bengaluru in Karnataka, and Chennai in Tamil Nadu. As of December 31, 2023, Orient Technologies Limited employs 1,388 permanent staff members.
Peers
● DynaconsSystems & Solutions Ltd
● HCL Technologies Ltd
● Wipro Ltd
● LTI Mindtree Ltd
● Allied Digital Services Ltd
● Dev Information Technology Ltd
● Tech Mahindra Ltd
● Silicon Rental Solutions Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 606.86 | 542.01 | 469.12 |
| EBITDA | 56.62 | 48.64 | 45.83 |
| PAT | 41.45 | 38.30 | 33.49 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 311.14 | 215.25 | 176.32 |
| Share Capital | 35.82 | 17.50 | 17.50 |
| Total Borrowings | 4.82 | 12.86 | 2.28 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 22.29 | 1.95 | 30.48 |
| Net Cash Generated From / (used in) investing activities | -12.11 | -11.72 | -8.41 |
| Net Cash Generated From / (used in) financing activities | -9.72 | 4.41 | -8.50 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.47 | -5.36 | 13.57 |
Strengths
1. Orient Technologies Limited has been in operation since 1997, which has allowed it to develop significant expertise and a deep understanding of the IT industry.
2. The company offers a broad range of services across IT infrastructure, IT-enabled services (IteS), and cloud and data management.
3. It is known for its ability to tailor its offerings to meet the specific needs of its clients.
4. The company serves prominent clients in both the public and private sectors.
5. The company’s numerous certifications, including ISO 27001:2013, ISO 9001:2015, and CMMI Maturity Level 3.
6. Orient Technologies Limited has a strong geographic footprint, enabling it to effectively serve clients in different regions and expanding its market reach.
Risks
1. The IT solutions industry is highly competitive, with numerous players ranging from global giants to niche providers.
2. Rapid advancements in technology could pose a risk if the company fails to keep pace with innovations.
3. While having prominent clients is a strength, it also poses a risk if the company is overly dependent on a few key clients.
4. As an IT solutions provider, the company is a potential target for cyberattacks.
5. The company operates in multiple regions with varying regulatory requirements.
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FAQs
Orient Technologies IPO opens from 21st August to 23rd August 2024.
The size of Orient Technologies IPO is ₹214.76 Cr.
The price of Orient Technologies IPO is fixed at ₹195 to ₹206 per share.
To apply for Orient Technologies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Orient Technologies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Orient Technologies IPO is 72 shares and the investment required is ₹14,832.
The share allotment date of Orient Technologies IPO is 26th August 2024.
The Orient Technologies IPO will be listed on 28th August 2024.
Elara Capital (India) Private Ltd is the book-running lead manager for Orient Technologies IPO.
Orient Technologies plans to utilize the raised capital from the IPO for:
1. Acquisition of office premise at Navi Mumbai.
2. Funding capital expenditure requirements for:
● 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.
3. General corporate purposes.
Contact Information
Orient Technologies
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/
Orient Technologies IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: complianceofficer@orientindia.net
Website: https://linkintime.co.in/initial_offer/public-issues.html
Orient Technologies IPO Lead Manager
Elara Capital (India) Private Limited
