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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 bidding started from August 21, 2024 and ended on August 23, 2024. The allotment for Orient Technologies IPO was finalized on Monday, August 26, 2024. The shares got listed on BSE, NSE on 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.
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹206 per share |
| Lot Size | 72 Shares |
| Total Issue Size | 10,425,243 shares (aggregating up to ₹214.76 Cr) |
| Fresh Issue | 5,825,243 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 4,600,000 shares of ₹10 (aggregating up to ₹94.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,816,500 |
| Share holding post issue | 41,641,743 |
Orient Technologies IPO offers 10,425,192 shares. 2,085,049 (20.00%) to QIB, 1,563,786 (15.00%) to NII, 3,648,835 (35.00%) to RII and 3,127,522 (30.00%) to Anchor investors. 50,678 RIIs will receive minimum 72 shares and 517 (sNII) and 1,034 (bNII) will receive minimum 1,008 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,127,522 (30.00%) | NA |
| QIB Shares Offered | 2,085,049 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,563,786 (15.00%) | |
| bNII > ₹10L | 1,042,525 (10.00%) | 1,034 |
| sNII < ₹10L | 521,262 (5.00%) | 517 |
| Retail Shares Offered | 3,648,835 (35.00%) | 50,678 |
| Total Shares Offered | 10,425,192 (100%) |
Orient Technologies IPO raises Rs 64.43 crore from anchor investors. Orient Technologies IPO Anchor bid date is August 19, 2024. Orient Technologies IPO Anchor Investors list
| Bid Date | August 19, 2024 |
| Shares Offered | 3,127,522 |
| Anchor Portion Size (In Cr.) | 64.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 21, 2024 |
Orient Technologies IPO opens on August 21, 2024, and closes on August 23, 2024.
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
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 |
| Retail (Max) | 13 | 936 | ₹192,816 |
| S-HNI (Min) | 14 | 1,008 | ₹207,648 |
| S-HNI (Max) | 67 | 4,824 | ₹993,744 |
| B-HNI (Min) | 68 | 4,896 | ₹1,008,576 |
| Lot Size Calculator | |||
Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre are the promoters of the company.
| Share Holding Pre Issue | 97.96% |
| Share Holding Post Issue | 73.21% |
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's revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 311.14 | 215.25 | 176.32 | 112.45 | ||||||||||||||||||||||||||||||||||||
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 41.45 | 38.3 | 33.49 | 0.13 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 175.31 | 128.82 | 94.11 | 61.29 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 138.79 | 111.32 | 76.61 | 44.79 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4.82 | 12.86 | 2.28 | 9.22 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Orient Technologies IPO is Rs 857.82 Cr.
KPI as of March 31, 2024.
| 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 |
The Company proposes to utilize the Net Proceeds towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of IT solutions and related services providing. It marked steady growth in its top and bottom lines for the reported periods. As of June 30, 2024, it has orders on hand worth Rs. 101+ cr. Based on FY24 earnings, the issue appears fully priced discounting all near term positives. Well-informed investors may park moderate fund for medium to long term. Read detail review...
The Orient Technologies IPO is subscribed 154.84 times on August 23, 2024 6:19:09 PM. The public issue subscribed 68.93 times in the retail category, 188.79 times in the QIB category, and 310.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 188.79 |
| NII | 310.03 |
| bNII (bids above ₹10L) | 343.45 |
| sNII (bids below ₹10L) | 243.20 |
| Retail | 68.93 |
| Total | 154.84 |
Total Application : 2,923,835 (57.69 times)
| Listing Date | August 28, 2024 |
| BSE Script Code | 544235 |
| NSE Symbol | ORIENTTECH |
| ISIN | INE0PPK01015 |
| Final Issue Price | ₹206 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹206.00 |
| ₹290.00 |
| ₹285.10 |
| ₹304.45 |
| ₹304.45 |
| NSE |
|---|
| ₹206.00 |
| ₹288.00 |
| ₹287.20 |
| ₹302.40 |
| ₹302.40 |
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/
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 is a main-board IPO of 10,425,243 equity shares of the face value of ₹10 aggregating up to ₹214.76 Crores. The issue is priced at ₹195 to ₹206 per share. The minimum order quantity is 72 Shares.
The IPO opens on August 21, 2024, and closes on August 23, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Orient Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Orient Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Orient Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Orient Technologies IPO opens on August 21, 2024 and closes on August 23, 2024.
Orient Technologies IPO lot size is 72 Shares, and the minimum amount required is ₹14,832.
You can apply in Orient Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Orient Technologies IPO will be done on Monday, August 26, 2024, and the allotted shares will be credited to your demat account by Tuesday, August 27, 2024. Check the Orient Technologies IPO allotment status.
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