Orient Technologies Limited is a Mumbai-based IT company that offers various B2B IT solutions such as cloud services, data management, tech Support and data center solutions. Orient Technologies Limited IPO is going to be open to the public on August 21, 2024 and the closing date of the IPO is August 23, 2024. The share allotment date of the Orient Technologies IPO is August 26, 2024 and the listing date is Wednesday, August 28, 2024. The price band of the Orient Technologies Limited IPO is set at ₹195 to ₹206 per share.
This is a fresh-issue and book-built initial public offering (IPO), with a total issue size of ₹214.76 crore for 1.04 crore shares. Whereas the fresh issue is ₹120 crore for 58 lakh shares and the offer for sale is ₹94.76 crore for 40 lakh shares. The price band of the Orient Technologies IPO is set at ₹195 to ₹206 per share.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the IPO.
Table of Contents
Orient Technologies IPO Details
| IPO Date | August 21, 2024, to August 23, 2024 |
| Listing Date | Wednesday, 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 |
| Overall Subscription | 151.68x |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,816,500 |
| Share holding post issue | 41,641,743 |
Orient Technologies IPO Important Dates
All the important dates regarding the Orient Technologies Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Orient Technologies IPO’s opening date is Wednesday, August 21, 2024 and the offer will close on Friday, August 23, 2024. IPO’s allotment date is on Monday, August 26, 2024 and the listing date is on Wednesday, August 28, 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 |
Orient Technologies IPO GMP
The overall subscription rate of the IPO is 151.68 times. Based on the subscription rate, the last updated Grey Market Premium (GMP) for the Orient Technologies Limited IPO is expected to be up to ₹86. The offering price for the Orient Technologies IPO is between ₹195 to ₹206 per share.
The following table displays the trend of the Orient Technologies Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| August 28, 2024 | ₹195-₹206 | ₹86 |
| August 27, 2024 | ₹195-₹206 | ₹86 |
| August 26, 2024 | ₹195-₹206 | ₹86 |
| August 25, 2024 | ₹195-₹206 | ₹83 |
| August 24, 2024 | ₹195-₹206 | ₹83 |
| August 23, 2024 | ₹195-₹206 | ₹85 |
| August 22, 2024 | ₹195-₹206 | ₹94 |
| August 21, 2024 | ₹195-₹206 | ₹133 |
| August 20, 2024 | ₹195-₹206 | ₹133 |
| August 19, 2024 | ₹195-₹206 | ₹130 |
Orient Technologies IPO Lot Size
Orient Technologies Limited IPO offers a minimum of 72 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 14 lots and a maximum of 67 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| 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 Limited IPO Shares Offering Quota
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Orient Technologies Limited IPO Promoter Holdings
| Share Holding Pre Issue | 97.96% |
| Share Holding Post Issue | 0% |
Orient Technologies Limited IPO Review
Orient Technologies Limited revenue increased by approximately 12%, rising from ₹542.01 crore in 2023 to ₹606.86 crore in 2024. This growth reflects the company’s improved business operations. Additionally, their Profit After Tax (PAT) grew by about 8%, increasing from ₹38.3 crore in 2023 to ₹41.45 crore in 2024, demonstrating better profitability.
Orient Technologies Limited shows strong returns with a high ROE of 27.26% and a robust ROCE of 28.42%, reflecting effective use of equity and capital. The RoNW of 23.64% further underscores the company’s ability to generate returns on its net worth. However, the P/BV ratio of 4.21 suggests that the stock may be valued highly in the market, potentially indicating either strong growth prospects or an overvaluation
Orient Technologies Limited Overview
Orient Technologies Limited is a Mumbai-based IT company that offers various B2B IT solutions. Orient Technologies Limited offers a range of networking and content delivery network solutions, including cloud services, data management, tech Support and data center solutions. The company was founded in 1997 and has been serving for over two decades.
Orient Technologies Limited Financials
- Revenue increased by approximately 12% in 2024, compared to 2023.
- Profit After Tax (PAT) grew by about 8% in 2024 compared to the previous year.
- Debt was reduced significantly by around 63% from 2023 to 2024.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ₹ 311.14 crore | ₹ 215.25 crore | ₹ 176.32 crore | ₹ 112.45 crore |
| Revenue | ₹ 606.86 crore | ₹ 542.01 crore | ₹ 469.12 crore | ₹ 248.96 crore |
| Profit After Tax | ₹ 41.45 crore | ₹ 38.3 crore | ₹ 33.49 crore | ₹ 13 lakhs |
| Net Worth | ₹ 175.31 crore | ₹ 128.82 crore | ₹ 94.11 crore | ₹ 61.29 crore |
| Reserves and Surplus | ₹ 138.79 crore | ₹ 111.32 crore | ₹ 76.61 crore | ₹ 44.79 crore |
| Total Debts | ₹ 4.82 crore | ₹ 12.86 crore | ₹ 2.28 crore | ₹ 9.22 crore |
Key Performance Indicators of Orient Technologies Limited IPO
| 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 |
Orient Technologies Limited Contact Details
Off No. 502, 5th Floor, Akruti Star,
Central Road, MIDC, Opp. Akruti Point Central
Andheri (East), Mumbai, PIN Code:400093
Phone: +91-2242928777
Email: [email protected]
Conclusion
The current company financial reports show strong financial performance and that the Orient Technologies Limited IPO will receive high interest from investors. Orient Technologies Limited’s revenue increased by approximately 12%, rising from ₹542.01 crore in 2023 to ₹606.86 crore in 2024. This growth reflects the company’s improved business operations. Additionally, their Profit After Tax (PAT) grew by about 8%, increasing from ₹38.3 crore in 2023 to ₹41.45 crore in 2024, demonstrating better profitability.
To get more information and regular updates on the Orient Technologies Limited IPO, keep in touch with The Invest Advisory.