Orient Technologies Limited IPO
MainboardIT Enabled Services
Listed On: Aug 28, 2024 at ₹ 288.0(NSE)
₹ 14832 /72 Shares
Check AllotmentPrice Summary
Last Closing
430.00 (108.74%)52 Week High
475.0052 Week Low
247.05Last Update
6-Dec-2024 3:30 PM21 Aug, 2024
Open Date23 Aug, 2024
Close Date26 Aug, 2024
Allotment Date28 Aug, 2024
Listing DateIssue Price
₹195-206 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
288.0(NSE)Listing Date
2024-08-28Market Lot
Retail : 72 Shares (₹14,832/-)S-HNI : 1,008 Shares (₹2,07,648/-)
B-HNI : 4,896 Shares (₹10,08,576/-)
Lead Manager
Elara Capital (India) Private LimitedIssue Size
Total ₹214.76 Cr :#Fresh Issue : 5,825,243 shares(aggregating up to ₹120.00 Cr) +
#OFS : 4,600,000 shares of ₹10(aggregating up to ₹94.76 Cr)
Retail Portion
35% (Number of Retail Applications: 50,678 Approx),(Number of S-HNI Applications : 517 Approx),
(Number of B-HNI Applications : 1,034 Approx)
Subscription
151.66 timesOrient Technologies IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 2,085,049 | 1,563,786 1,042,525 521,262 | 3,648,835 | 7,297,670 |
Day 1 - 21-08-24 05:00 PM | 0.02 x | 6.17 4.32 x 9.87 x | 10.50 x | 6.65 x |
Day 2 - 22-08-24 05:00 PM | 0.16 x | 20.72 15.57 x 31.74 x | 24.45 x | 16.93 x |
Day 3 - 23-08-24 05:00 PM | 189.90 x | 300.55 332.96 x 235.74 x | 66.80 x | 151.66 x |
Orient Technologies Valuations
EPS Pre IPO
11.57EPS Post IPO
9.95P/E Pre IPO
17.8P/E Post IPO
20.7RoNW
23.64Orient Technologies Company Financials All values are in ₹ Cr.
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
Assets | 311.14 | 215.25 | 176.32 |
Revenue | 606.86 | 542.01 | 469.12 |
Profit After Tax | 41.45 | 38.30 | 33.49 |
Net Worth | 175.31 | 128.82 | 94.11 |
Reserves & Surplus | 138.79 | 111.32 | 76.61 |
Total Borrowing | 4.82 | 12.86 | 2.28 |
Orient Technologies - Strength and Weakness
Since 1997, Orient Technologies Limited has built a solid reputation. They offer tailored solutions for their clients. Their clientele comes from diverse sectors: BFSI, IT, ITeS, healthcare, and pharmaceuticals. Notable clients include Coal India, Mazagon Dock, and Jyothy Labs. The company's strength lies in customising its offerings. Their top 10 clients contribute significantly to their revenue. This showcases their reliability and value.
With offerings including Data Centre Solutions, Managed Services, and Cloud Migration, Orient Technologies Limited caters to the evolving needs of modern businesses. The company's emphasis on innovation and strategic growth within each area have resulted in remarkable revenue growth in its IT Infrastructure, ITeS, and Cloud businesses.
Orient Technologies Limited has consistently demonstrated strong financial performance, characterised by steady revenue growth and profitability. With a revenue CAGR of 47.09% between Fiscal 2021 and Fiscal 2023, the company has effectively capitalised on its expanding product range and customer base. Plus, the business is positioned for long-term success in the rapidly changing IT sector thanks to its strategic investments and careful financial management.
The majority of Orient Technologies Limited's foreign exchange exposure is unhedged, making it vulnerable to changes in exchange rates. The company's direct and indirect transactions denominated in foreign currencies, especially the US Dollar (USD), are the main source of foreign currency risk. Future business transactions as well as recognized assets and liabilities that are not valued in the company's functional currency (INR) provide this risk, which calls for close monitoring and management of currency exposures.
Orient Technologies Limited manages credit risk from both operating activities (such as trade receivables) and financing activities (including deposits with banks). While the company establishes credit limits based on internal rating criteria and regularly monitors outstanding receivables, there remains a risk of default by counterparties leading to financial losses.
Orient Technologies Limited faces liquidity risk, which refers to the possibility of being unable to settle or meet its obligations on time. While the company's treasury department manages liquidity, funding, and settlement, overseen by senior management, there is inherent risk in maintaining sufficient liquidity. Fluctuations in cash flow, unexpected financial obligations, or difficulty in accessing credit facilities could potentially impact the company's ability to meet its financial commitments in a timely manner.
Orient Technologies - Promoter(s)
Pre Issue Share Holding: 97.96%
Post Issue Share Holding: N/A%
- Ajay Baliram Sawant
- Jayesh Manharlal Shah
- Umesh Navnitlal Shah
- Ujwal Arvind Mhatre
Orient Technologies IPO - Issue Objectives
- 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 - Anchor Investors
Pine Oak Global Fund, and Saint Capital Fund are the biggest institutional investors in the anchor book, buying 9.7 lakh equity shares each, while SB Opportunities Fund picked 4.85 lakh shares.
Furthermore, Elara Capital (Mauritius), and Rajasthan Global Services acquired 2.91 lakh shares and 4.09 lakh shares, respectively, in the anchor book.
Other Details
Orient Technologies
Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400093Link 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 - FAQs
Ans. Orient Technologies Limited IPO is a Mainboard IPO. The issue is priced at ₹195-206 per equity share. The minimum order quantity is 72 Shares. The IPO opens on Aug 21, 2024, and closes on Aug 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Orient Technologies Limited IPO opens on Aug 21, 2024 and closes on Aug 23, 2024.
Ans. The size of Orient Technologies Limited IPO is Total ₹214.76 Cr : #Fresh Issue : 5,825,243 shares(aggregating up to ₹120.00 Cr) + #OFS : 4,600,000 shares of ₹10(aggregating up to ₹94.76 Cr).
Ans. The IPO price band is set between ₹195-206 per equity share.
Ans. To apply for Orient Technologies Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Orient Technologies Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Orient Technologies Limited IPO is Aug 26, 2024.
Ans. The Orient Technologies Limited IPO will be listed on Aug 28, 2024.
Ans. Follow the steps to check the allotment status for Orient Technologies Limited IPO here.