Orient Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹195 - ₹206
- Lot size
- 72 shares
- Issue amount
- ₹214.76 cr
- Total subscription
- 154.87×
- Opens
- 21 Aug 2024
- Closes
- 23 Aug 2024
- Allotment
- 26 Aug 2024
- Listing
- 28 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 1,04,25,242 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹120 cr
- Offer for sale
- ₹94.76 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,832
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,58,16,500
- Shares after issue
- 4,16,41,743
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 72 | ₹14,832 |
| sHNI | 14 | 1,008 | ₹2,07,648 |
| bHNI | 68 | 4,896 | ₹10,08,576 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 1,034 | 69,826 |
| HNIs (2-10L) | 517 | 1,19,520 |
| RETAIL | 50,678 | 27,37,370 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 42.95 | 8,109.11 |
| RETAIL | 75.17 | 5,184.83 |
| HNIs 2+ | 10.74 | 2,612.67 |
| HNIs 10+ | 21.48 | 7,375.93 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 11.8 | 10.94 | 9.57 |
| ROE | 27.26 | 34.36 | 43.11 |
| ROCE | 28.42 | 31.45 | 45.25 |
| RONW | 23.64 | 29.73 | 35.59 |
| PRE IPO(PE) | 17.8 | 0 | 0 |
| POST IPO(PE) | 20.7 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Orient Technologies Limited, founded in July 1997 and based in Mumbai, is a fast-growing IT solutions provider offering a wide range of services, including IT infrastructure, cloud management, and security solutions. They provide customized services like data center solutions, IT support, network operations, and cloud migration for industries such as banking, finance, IT, and healthcare. Their clients include well-known names like Bluechip Corporate Investment Centre, Tradebulls Securities, and Coal India. Certified for quality and security, the company holds multiple ISO certifications and CMMI Maturity Level 3. With a strong team of 1,482 employees as of June 2024, they operate from their Mumbai headquarters and have offices across major Indian cities like Pune, Delhi, Bengaluru, and Chennai.
Strengths
- Trusted by Leading Businesses: Orient Technologies serves a diverse range of industries, including banking, IT, and healthcare. Our clients include well-known names like Bluechip Corporate, Coal India, and D'Décor Exports.
- All-in-One IT Solutions: We provide end-to-end IT services, including infrastructure, cloud solutions, and data management, customized to meet each business's unique needs.
- Strong Leadership & Financial Stability: With experienced leadership and a solid financial foundation, Orient Technologies has built a reputation for reliability and long-term success.
Risk factors
- Dependence on Major Customers: Orient Technologies relies heavily on its top 10 customers. If any of them reduce their business or leave, it could have a big impact on the company’s revenue and overall success.
- Industry Focus: A large chunk of the company's income comes from just a few industries. If these industries face challenges or key clients leave, it could affect the company’s financial stability.
- Vendor Dependence: The company works with only a few key vendors and doesn’t have long-term contracts with them. If there are disruptions in these partnerships or price hikes, it could affect operations and profits.
Promoters
Ajay Baliram Sawant
Jayesh Manharlal Shah
Umesh Navnitlal Shah
Ujwal Arvind Mhatre
Registrar & documents
Lead manager
Elara Capital (India) Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400093
+91 22 4292 8777
[email protected]Company website ↗Understanding ORIENTTECH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.