Orient Technologies Limited is going to concentrate more on the IT infrastructure and products segment as the company charts out its future growth path amid its IPO launch.
check Orient Technologies Limited Allotment status here
Issuance Period :
Orient Technologies IPO opens for subscription on August 21, 2024 and closes on August 23, 2024. The allotment for the Orient Technologies IPO is expected to be finalized on Monday, August 26, 2024. Orient Technologies IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, August 28, 2024.
IPO Size :
Total amount to be raised Rs 214.76 crores.
GMP ( Grey /market Premium )
Current GMP is 00 rupees per share as on 18 august 2024, In Percentage is 00.00%.
Current GMP is 55 rupees per share as on 19 august 2024, In Percentage is 26.70%.
Current GMP is 55 rupees per share as on 20 august 2024, In Percentage is 26.70%.
Current Price is 70 rupees per share as on 22 august 2024, In Percentage is 33.98%
Current Price is 60 rupees per share as on 23 august 2024, In Percentage is 29.13%
Lot Size :
Orient Technologies IPO price band is set at ₹195 to ₹206 per share.
The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ₹14,832. The minimum lot size investment for sNII is 14 lots (1,008 shares), amounting to ₹207,648, and for bNII, it is 68 lots (4,896 shares), amounting to ₹1,008,576.
IPO Details :
| Category | Details |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28 |
| 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 (aggregating up to ₹94.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre-Issue | 35,816,500 shares |
| Share Holding Post-Issue | 41,641,743 shares |
Table of Contents
Objectives of the Issue :
Acquisition of office premises 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
1. The Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property.
2. The Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering. (collectively, Capital Expenditure).
General corporate purposes.
About Company
Orient Technologies Limited, established in July 1997 and headquartered in Mumbai, Maharashtra, is a rapidly expanding IT solutions provider with a diverse portfolio across IT infrastructure, IT-enabled services and cloud and data management services.
The company specializes in delivering customized solutions, such as Data Center Solutions, End-User Computing, Managed Services, Multi-Vendor Support, IT Facility Management, Network Operations, Security Services, and cloud migration.
Promoters Names:
Ajay Baliram Sawant
Jayesh Manharlal Shah
Umesh Navnitlal Shah
Ujwal Arvind Mhatre
Orient Technologies Financial Information :
Orient Technologies Limited’s revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.
Here’s a chart summarizing the financial data you provided:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | ₹311.14 Cr | ₹215.25 Cr | ₹176.32 Cr | ₹112.45 Cr |
| Revenue | ₹606.86 Cr | ₹542.01 Cr | ₹469.12 Cr | ₹248.96 Cr |
| Profit After Tax | ₹41.45 Cr | ₹38.30 Cr | ₹33.49 Cr | ₹0.13 Cr |
| Net Worth | ₹175.31 Cr | ₹128.82 Cr | ₹94.11 Cr | ₹61.29 Cr |
| Reserves and Surplus | ₹138.79 Cr | ₹111.32 Cr | ₹76.61 Cr | ₹44.79 Cr |
| Total Borrowing | ₹4.82 Cr | ₹12.86 Cr | ₹2.28 Cr | ₹9.22 Cr |
Here’s a quick look at Interarch Building Products Limited IPO’s strengths, weakness, opportunities and risks.
Strengths and opportunities
Diverse and Marquee Clientele: Orient Technologies boasts a strong customer base across various industries, including BFSI, IT, ITeS, and healthcare, with prominent clients such as Bluechip Corporate, Coal India, and D’Décor Exports.
Comprehensive IT Solutions: The Company offers a wide range of IT solutions, from infrastructure and IT-enabled services to cloud and data management, catering to specific business needs with tailored offerings.
Experienced Leadership and Solid Financials: Backed by strong promoters and a seasoned senior management team, Orient Technologies has a proven track record of financial stability and performance.
Risks and threats
Dependency on Top Customers: Orient Technologies is highly reliant on its top 10 customers, and any loss or reduction in business from these key clients could significantly impact its revenue and overall business performance.
Concentration in Specific Industries: The Company derives a large portion of its revenue from a few customer industries. Any downturn or loss of clients within these sectors could adversely affect its financial stability.
Reliance on Key Vendors: Orient Technologies depends on a limited number of vendors and does not have long-term contracts with them.
Any disruption in these vendor relationships or price increases could materially affect its operations and profitability.
