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Orient Technologies Limited IPO And Its GMP
Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. Over the years they have built deep expertise to develop products and solutions for specialized disciplines across our business verticals which are set out below:
- IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing.
- IT Enabled Services: Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services and Renewals.
- Cloud and Data Management Services: Services include workload migration from data centers to the cloud.
Their business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Private Limited (Dell) Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix).
Issue Size: Rs 214.76 crores
- Fresh Issue: 0.58 crore shares amounting to Rs 120.00 crores
- Offer for Sale: 0.46 crore shares amounting to Rs 94.76 crores
IPO Dates:
- Opens for Subscription: August 21, 2024
- Closes for Subscription: August 23, 2024
Price Band: ₹195 to ₹206 per share
Minimum Lot Size: 72 shares
Book Running Lead Manager: Elara Capital (India) Private Limited
Registrar to the Issue: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Orient Technologies Limited IPO And Its GMP GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-27 | 206 | 87.0 (42%) | 2024-08-27 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Orient Technologies Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | - |
| 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 |
| Shareholding pre issue | 35,816,500 |
Orient Technologies Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 |
Orient Technologies Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,832 |
| Retail (Max) | 13 | 936 | ₹192,816 |
| S-HNI (Min) | 14 | 1008 | ₹207,648 |
| S-HNI (Max) | 67 | 4824 | ₹993,744 |
| B-HNI (Min) | 68 | 4896 | ₹1,008,576 |
Orient Technologies IPO Reservation
| 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 And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 97.96% | - |
Company & Financials
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:
- 1. IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing.
- 2. IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- 3. Cloud and Data Management Services: Services include migration of workload from data centers 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 and healthcare/pharmaceutical.
Competitive Strength:
- -
Orient Technologies Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 311.14 | 606.86 | 41.45 | 175.31 | - | 4.82 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 215.25 | 542.01 | 38.3 | 128.82 | - | 12.86 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 176.32 | 469.12 | 33.49 | 94.11 | - | 2.28 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 112.45 | 248.96 | 0.13 | 61.29 | - | 9.22 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 | |
| P/E (x) | 17.8 |
Objectives of Orient Technologies IPO
The Company proposes to utilize the Net Proceeds towards the following objectives:
- 1. 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-Thane Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai.
- 2. 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.
- ii. Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering.
- 3. General corporate purposes.
Orient Technologies IPO Review
The company is operating in a highly competitive and fragmented segment of IT solutions and related services. 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 funds for the medium to long term.
RHP:
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Frequently Asked Questions (FAQs)
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What is the Orient Technologies IPO?
Orient Technologies IPO is a main-board IPO. They are going to raise ₹214.76 Crores via IPO. The issue is priced at ₹195 to ₹206 per equity share. The IPO is to be listed on BSE & NSE.
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When will Orient Technologies IPO open?
The IPO is to open on August 21, 2024, for QIB, NII, and Retail Investors.
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What is Orient Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Orient Technologies IPO Size?
Orient Technologies IPO size is ₹214.76 crores.
-
What is the Orient Technologies IPO Price Band?
Orient Technologies IPO Price Band is ₹195 to ₹206.
-
What is Orient Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 72 Shares with ₹14,832 amount while the maximum bid is 936 shares with ₹192,816.
