Orient Technologies IPO will open for subscription from 21 August 2024. The company aims for an issue size of ₹214.76 Cr through this IPO.
Company Overview
| Full name | Orient Technologies Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.orientindia.in/ |
About Company
Founded in 1997, Orient Technologies is an IT solutions provider. The company’s operations span a spectrum of technological solutions, in collaboration with prominent technology partners such as Dell, Fortinet, and Nutanix. As of 30 June 2024, Orient Technologies’ order book stood at INR 101.20 crore. Over the years, the company has developed expertise in products and solutions tailored to specialized disciplines across its business verticals. These verticals include:
- IT Infrastructure: Offering products and solutions such as Data Centre Solutions and End-User Computing.
- IT Enabled Services (IteS): Providing services like Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- Cloud and Data Management Services: Specializing in migrating workloads from data centers to the cloud.
As of 30 June 2024, Orient Technologies boasted a diverse clientele encompassing both public and private sectors. Its clients hail from various industries, including Banking, Financial Services, Insurance (BFSI), Information Technology (IT), ITeS, and Healthcare / Pharmaceuticals, among others. The company has fostered strong relationships with prominent clients, including Coal India, Mazagon Dock, D’Décor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, Vasai Janta Bank, Vasai Vikas Bank, and the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai.
The Objectives of the Issue
- Acquisition of office premise at Navi Mumbai situated at units 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; and
ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure). - General corporate purposes.
Orient Technologies IPO Timetable
| IPO Opening date | 21 August 2024 |
| IPO Closing | 23 August 2024 |
| Basis of Allotment | 26 August 2024 |
| Initiation Refund | 27 August 2024 |
| Credit to Demat Account | 27 August 2024 |
| Listing Date | 28 August 2024 |
Orient Technologies IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹214.76 Cr – 10,425,243 shares |
| Fresh Issue | ₹120.00 Cr – 5,825,243 shares |
| Offer for sale | ₹94.76 Cr – 4,600,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹195 to ₹206 per share |
| Lot size | 72 Shares |
| Shareholding pre-issue | 35,816,500 |
| Shareholding post-issue | 41,641,743 |
| Listing Exchange | BSE & NSE |
Orient Technologies IPO Lot Size
| 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 |
Orient Technologies Offer Documents
Orient Technologies IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Orient Technologies Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 467.44 | 535.10 | 602.89 |
| Expenses | 424.57 | 490.06 | 551.95 |
| Net income | 33.49 | 38.30 | 41.45 |
| Margin (%) | 7.16 | 7.16 | 6.87 |
Orient Technologies Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 9.35 | 10.70 | 11.58 | 9.96 |
| PE Ratio | – | 16.84 – 17.79 | 19.57 – 20.67 |
* Calculated on the basis of annualized Profits After Tax for FY 2024
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 35.59 | 29.73 | 23.64 |
| NAV | 26.29 | 35.98 | 48.97 |
| ROCE (%) | 45.25 | 31.45 | 28.42 |
| EBITDA (%) | 9.80 | 9.09 | 9.39 |
| Debt/Equity | 0.02 | 0.10 | 0.03 |
Orient Technologies – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Orient Technologies | 17.79 | 11.58 | 23.64 | 48.97 | 606.86 |
| Dynacons Systems & Solutions | 29.47 | 42.37 | 34.13 | 124.02 | 1,028.85 |
| HCL Technologies | 26.93 | 57.86 | 23.01 | 251.58 | 1,11,408 |
| Wipro | 23.39 | 20.82 | 14.79 | 143.77 | 89,794.30 |
| LTIMindtree | 34.56 | 154.48 | 22.89 | 676.19 | 36,218.90 |
| Allied Digital Services | 26.05 | 8.07 | 7.41 | 111.93 | 688.22 |
| Dev Information Technology | 29.1 | 4.18 | 16.26 | 25.92 | 165.12 |
| Tech Mahindra | 55.17 | 26.58 | 8.83 | 277.93 | 52,912.40 |
| Silicon Rental Solutions | 14.41 | – | 20.54 | 61.14 | 63.60 |
Company Promoters
- Ajay Baliram Sawant
- Jayesh Manharlal Shah
- Umesh Navnitlal Shah
- Ujwal Arvind Mhatre
Promoter Holding
| Pre Issue Share Holding | 97.96% |
| Post Issue Share Holding |
Orient Technologies Offer GMP Update
Coming Soon
Orient Technologies IPO Subscription Update
Coming Soon
Orient Technologies IPO Allotment Status
Orient Technologies IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Orient Technologies IPO Listing Details
| Listing Date | 28 August 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Orient Technologies IPO Lead Manager(s)
ELARA CAPITAL (INDIA) PRIVATE LIMITED
One International Center. – Tower 3, 21st Floor,
Senapati Bapat Marg, Elphinstone Road West, Mumbai 400013
Tel. No.: +91 22 61648599
Email: otl.ipo@elaracapital.com
Website: www.elaracapital.com
Orient Technologies Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: orienttech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Orient Technologies Contact Details
ORIENT TECHNOLOGIES LIMITED
602, Ackruti Center Point, MIDC Central Road,
Andheri (East), Mumbai Maharashtra – 400 093
Phone: +91 22 4292 8777
Email: complianceofficer@orientindia.net
Website: www.orientindia.in
Orient Technologies IPO FAQs
How many shares in Orient Technologies IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for the Orient Technologies Public Offer?
The best way to apply for Orient Technologies public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Orient Technologies IPO GMP today?
Orient Technologies IPO GMP today is ₹ NA per share.
What is Orient Technologies kostak rate today?
Orient Technologies kostak rate today is ₹ NA per application.
What is Orient Technologies Subject to Sauda rate today?
Orient Technologies Subject to Sauda rate today is ₹ NA per application.
Final thoughts
Orient Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
