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.
With deep expertise in technology, Orient Technologies collaborates with leading partners like Dell, Fortinet, and Nutanix to design and innovate products that meet specific customer requirements. This collaboration enhances the company’s ability to deliver customised solutions to its diverse client base.
Focused on building long-term relationships, Orient Technologies engages closely with customers across industries such as BFSI, IT, and healthcare, understanding their needs and identifying new opportunities for collaboration.
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.
Orient Technologies IPO – Details
| IPO Opening Date | 21 August 2024 |
| IPO Closing Date | 23 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,04,25,243 Shares Worth ₹214.76 Crore Fresh Issue: 58,25,243 Shares Worth ₹120.00 Crore Offer For Sale: 46,00,000 Shares Worth ₹94.76 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹195 – ₹206 per share |
| Market Lot | 72 Shares |
| Min Order | 72 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Orient Technologies IPO – Date Schedule
| IPO Open Date | 21 August 2024 |
| IPO Close Date | 23 August 2024 |
| Basis of Allotment | 26 August 2024 |
| Initiation of Refund | 27 August 2024 |
| Credit of Shares to Demat Account | 27 August 2024 |
| IPO Listing Date | 28 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Orient Technologies IPO – Lots Size & Price
| 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 |
Competitive Strengths
- 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; and
- Track record of financial performance.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 248.95 | 248.47 | 0.13 | 9.22 |
| 31 March 2022 | 469.12 | 424.56 | 33.49 | 2.28 |
| 31 March 2023 | 542.00 | 490.05 | 38.29 | 12.86 |
| 30 September 2023 | 268.16 | 246.40 | 16.39 | 6.58 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.26 |
| ROCE | 28.42 |
| RoNW | 23.64 |
| P/BV | 4.21 |
| PAT Margin (%) | 6.87 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.57 | 9.95 |
| P/E (x) | 17.8 | 20.7 |
Object Of The Issue
- 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);
- 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; and
- Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure).
- General corporate purposes.
Orient Technologies IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Dynacons Systems & Solutions Limited | 27.17 |
| 2 | 2 | HCL Technologies Limited | 30.44 |
| 3 | 2 | Wipro Limited | 26.26 |
| 4 | 1 | LTIMindtree Limited | 37.51 |
| 5 | 5 | Allied Digital Services Limited | 16.67 |
| 6 | 5 | Dev Information Technology Limited | 36.34 |
| 7 | 5 | Tech Mahindra Limited | 23.90 |
| 8 | 10 | Silicon Rental Solutions Limited | 16.46 |
Orient Technologies IPO Promoter Holding
| Pre Issue Share Holding | 97.96% |
| Post Issue Share Holding | 73.21% |
Orient Technologies IPO Prospectus
Company Contact Information
| 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 Registrar
| 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(s)
| 1. Elara Capital (India) Private Limited |
Orient Technologies IPO FAQs
| What is Orient Technologies IPO? Orient Technologies IPO is a main-board IPO. The issue is priced at ₹195 to ₹206 per equity share. The IPO is to be listed on BSE & NSE. |
| When Orient Technologies IPO will open? The IPO is to open on 21 August 2024 for QIB, NII, and Retail Investors. |
| What is Orient Technologies IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Orient Technologies IPO? You can apply Orient Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Orient Technologies IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Orient Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Orient Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Orient Technologies IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Orient Technologies IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Orient Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Orient Technologies IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Orient Technologies IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Orient Technologies IPO Size? Orient Technologies IPO size is ₹214.76 Crore. |
| What is Orient Technologies IPO Price Band? Orient Technologies IPO Price Band is ₹195 to ₹206. |
| What is Orient Technologies IPO Minimum and Maximum Lot Size for retail? The minimum bid is 72 Shares with ₹14,832 amount while the maximum bid is 936 Shares with ₹1,92,816. |
| What is the Orient Technologies IPO Allotment Date? Orient Technologies IPO allotment date is 26 August 2024. |
| What is the Orient Technologies IPO Listing Date? Orient Technologies IPO listing date is 28 August 2024. The IPO is to be listed on BSE and NSE. |
