Orient Technologies Limited IPO And Its GMP IPO 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 | 1,04,25,243 shares (aggregating up to ₹ 214.76 Cr) |
| Fresh Issue | 58,25,243 shares (aggregating up to ₹ 120 Cr) |
| Offer for Sale | 46,00,000 shares of ₹10 (aggregating up to ₹ 94.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 3,58,16,500 |
About 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
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 |
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.
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.
Orient Technologies Limited IPO And Its GMP Financial Information
Latest Revenue
606.86
₹ Crore
Profit After Tax
41.45
₹ Crore
Net Worth
175.31
₹ Crore
Total Borrowing
4.82
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | 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 | |||||||||
Orient Technologies Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-27 | ₹206 | ₹87.0 (42%) | 2024-08-27 |
Orient Technologies Limited IPO And Its GMP 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 | - |
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Competitive Strengths
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Orient Technologies Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |