Orient Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 31, 2024Let’s have a detailed review of the company and analytics of the Orient Technologies IPO release date, IPO offer price, subscription, Orient Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 195 to Rs 206 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 72 Shares |
| Listing Date | August 28, 2024 |
| Offer for Sale | Rs 94.76 Cr. |
| Fresh Issue | Rs 120.00 Cr. |
| IPO Size | Rs 214.76 Cr. |
| Tick Size | 1 |
Orient Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Orient Technologies Share Price |
Orient Technologies IPO – Summary
They are an information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years they have built deep expertise to develop products and solutions for specialised disciplines across their business verticals.
Their expertise, honed over the years, in conjunction with the strength of their collaborative efforts with their technology partners enables them to provide customised IT solutions to their customers.
The promoters of this company are AJAY BALIRAM SAWANT, UMESH NAVNITLAL SHAH, UJWAL ARVIND MHATRE, and JAYESH MANHARLAL SHAH. The lead manager of the issue is Elara Capital (India) Private Limited, and the Registrar of this issue is Link Intime India Private Limited.
Orient Technologies IPO Date
The opening and closing dates of Orient Technologies IPO are August 21, 2024 and August 23, 2024, respectively.
Orient Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 21st Aug | 0.02x | 6.44x | 11.21x | 6.99x |
| 2nd Day – 22nd Aug | 0.12x | 21.75x | 25.62x | 17.51x |
| 3rd Day – 23rd Aug | 188.79x | 310.03x | 68.93x | 154.84x |
| Shares Offered or Net Issue | 2,085,049 | 1,563,786 | 3,648,835 | 10,425,192 |
The shares subscribed by the public will be updated here.
Orient Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Orient Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | August 28, 2024 |
| Refunds Initiation | August 28, 2024 |
| Credit of Shares to Demat Account | August 28, 2024 |
| Share Listing Date | August 28, 2024 |
Orient Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 195 to Rs 206
Orient Technologies IPO Equity Size
This Initial Public Issue of 10,425,243 Equity Shares of Rs.10 each for cash at a price of Rs 195 to Rs 206 per equity share aggregating to Rs.214.76 Cr.
Orient Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,825,243 Equity Shares of Rs.10/ each.
Issue Size: 10,425,243 Equity Shares of Rs.10 each, aggregating to Rs.214.76 Cr.
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Orient Technologies IPO – Live Performance
The listing date of this IPO is August 28, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Orient Technologies Share Price |
Orient Technologies IPO Grey Market Premium
The Orient Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Orient Technologies IPO – Company Overview
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) and Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix).
A key facet of their product and service offerings is their ability to tailor and customise their offerings to the specific needs of their customers. Their collaboration with their technology partners heightens their ability to design and innovate products and provide solutions tailored to specific customer requirements.
Their range of customised offerings and their ability to specifically tailor solutions to the specific needs of customers have enabled them to garner prominent customers across industries and they count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, IteS, healthcare / pharmaceutical (Customer Industries).
Orient Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-24 | Mar-23 | 31-Mar-22 | |
| Total Assets | 3,111.44 | 2,399.40 | 1,930.34 |
| *Total Revenue | 6,068.64 | 5,420.09 | 4,691.23 |
| Total Expense | 5,519.52 | 4,900.55 | 4,245.69 |
| Profit After Tax | 414.48 | 382.98 | 334.93 |
Earnings per Equity Share (in Million)
| 31-Mar-24 | Mar-23 | 31-Mar-22 | |
| Basic & Diluted | 11.80 | 10.94 | 9.57 |
Further, their PAT for the period ended on March 31, 2024, March 31, 2023, and March 31, 2022, were Rs. 414.48 Million, Rs. 382.98 Million and Rs. 334.93 Million respectively.
Orient Technologies IPO – Promoters
The Promoter of this company is:
- AJAY BALIRAM SAWANT,
- UMESH NAVNITLAL SHAH,
- UJWAL ARVIND MHATRE,
- JAYESH MANHARLAL SHAH
List of Related Parties (Key Managerial Personnel)
- Ajay Baliram Sawant, Chairman and Managing Director
- Umesh Navnitlal Shah, Whole Time Director
- Ujwal Arvind Mhatre, Whole Time Director
- Jayesh Manharlal Shah, Whole Time Director
Orient Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 97.96%
- Post-Issue Share Holding – %
Orient Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 10,425,243 Equity Shares aggregating up to Rs.214.76 Cr. |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 35,816,500 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Orient Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Acquisition of office premises at Navi Mumbai situated at units no 1201, 1202, 1203, and 1204, respectively
- Funding capital expenditure requirements
- General corporate purposes.
Orient Technologies IPO – Business Strategy
- Expanding and augmenting their product and services portfolio
- Expanding their geographic footprint
- Investing in the growth of their employees
Orient Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Marquee customer base across diverse Customer Industries;
- Wide-ranging and diversified IT solutions and offerings;
- Strong Promoters and a Board of Directors supported by an experienced senior management team; and
- Track record of financial performance.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-24 | 11.80 | 23.64 | 48.95 |
| 31-Mar-23 | 10.94 | 29.73 | – |
| Mar-22 | 9.57 | 35.59 | – |
Orient Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Orient Technologies Limited | 10 | [●] | 11.80 | 23.64 | 6,068.64 |
| Listed Peers | |||||
| Dynacons Systems & Solutions Limited | 10 | 29.47 | 42.41 | 34.13 | 10,288.47 |
| HCL Technologies Limited | 2 | 26.93 | 57.99 | 23.01 | 1,114,080.00 |
Orient Technologies IPO Lead Managers
| Lead Managers |
| Elara Capital (India) Private Limited One International Centre, Tower 3, 21st Floor, Senapati Bapat Marg, Elphinstone Road West, Mumbai 400 013, Maharashtra, India Tel: +91 22 6164 8599 E-mail: otl.ipo@elaracapital.com Website: www.elaracapital.com Investor grievance e-mail: mb.investor grievances@elaracapital.com Contact person: Astha Daga SEBI Registration Number: INM000011104 |
Orient Technologies IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra – 400 083, India Tel: +91 810 811 4949 E-mail: orienttech.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: orienttech.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Orient Technologies IPO – Other Details
- Statutory Auditor – M/s. Kirtane & Pandit LLP, Chartered Accountants
- Legal Counsel to the Company – Bharucha & Partners
- Bankers to the Company –Citibank, YES Bank Limited, ICICI Bank etc
Orient Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Orient Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Orient Technologies IPO Review FAQs
Check out various FAQs related to Orient Technologies IPO:
What is the Issue Size of Orient Technologies?
The Company is making an initial public offer of 10,425,243 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Orient Technologies?
The price band for this particular IPO ranges between Rs 195 to Rs 206. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Orient Technologies Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on August 21, 2024, while the closing date is set at August 23, 2024.
What is the Orient Technologies Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on August 26, 2024, refund initiation is on August 27, 2024, credit of shares is on August 27, 2024, and the share listing date is on August 28, 2024.
What is the Orient Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on August 28, 2024. The date, when the listing would be done, is stagnant on August 28, 2024.
Who is the Registrar of Orient Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Orient Technologies IPO?
Here are the promoters of this IPO – AJAY BALIRAM SAWANT, UMESH NAVNITLAL SHAH, UJWAL ARVIND MHATRE, JAYESH MANHARLAL SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Orient Technologies IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Orient Technologies IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Orient Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2024 in Million is 414.48, 2023 is 382.98, and 2022 is 334.93.
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