Orient Technologies Ltd, a leading IT solutions provider in India, is set to launch its Initial Public Offering (IPO) in 21st August 2024. This IPO presents a unique opportunity for investors to participate in the growth of a company that has established itself as a significant player in the technology solutions market. In this article, we’ll cover everything you need to know about the Orient Technologies IPO, including important dates, the price band, lot size, grey market premium (GMP), and how to apply. Listing date and Prize check online.
Orient Technologies IPO Allotment
About Orient Tech IPO – Founded in 1997, Orient Technologies Ltd has grown into a comprehensive IT solutions provider with a strong presence in both the public and private sectors. Their expertise spans across several business verticals, including –
- IT Infrastructure – Data Centre Solutions, End-User Computing
- IT Enabled Services (IteS) – Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals
- Cloud and Data Management Services – Migration of workloads from data centers to the cloud
As of June 2024, the company’s order book stood at INR 101.20 crore, reflecting strong client relationships and a diverse client base, including names like Coal India, Mazagon Dock, D’Décor, and Jyothy Labs.
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Orient Technologies IPO 2024 Price
Orient Technologies’ IPO includes a mix of fresh equity shares and an offer for sale by existing shareholders. Below is a summary of the key details –
| Particulars | Details |
|---|---|
| IPO Dates | 21 – 23 August 2024 |
| Issue Price | INR 195 – 206 per share |
| Face Value | INR 10 per share |
| Fresh Issue | INR 120 crore |
| Offer For Sale (OFS) | 46,00,000 shares (INR 94.76 crore) |
| Total IPO Size | INR 214.76 crore |
| Minimum Bid (Lot Size) | 72 shares (INR 14,832) |
| Retail Allocation | 35% |
| Listing on | NSE – Check Here IPO details |
Use of IPO, Reviews, Issued
The funds raised through the fresh issue of shares will be utilized as follows –
- Capital Expenditure: INR 79.65 crore will be allocated to fund the company’s capital expenditure needs.
- Office Space Acquisition: INR 10.35 crore will be used to acquire office space in Navi Mumbai.
- General Corporate Purposes: The remaining funds will be directed toward general corporate expenses.
Orient Financial Details, Lot Size
Orient Technologies has shown consistent growth in its financial performance over the past few years. Below is a snapshot of the company’s financials:
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue (INR Cr) | 467.44 | 535.10 | 602.89 |
| Expenses (INR Cr) | 424.57 | 490.06 | 551.95 |
| Net Income (INR Cr) | 33.49 | 38.30 | 41.45 |
| Margin (%) | 7.16 | 7.16 | 6.87 |
ORIENT IPO Dates, Listing date, Schedule
Investors should keep an eye on the following important dates related to the IPO:
| Event | Date |
|---|---|
| IPO Opening Date | 21 August 2024 |
| IPO Closing Date | 23 August 2024 |
| Finalization of Basis of Allotment | 26 August 2024 |
| Initiation of Refunds | 27 August 2024 |
| Transfer of Shares to Demat Accounts | 27 August 2024 |
| IPO Listing Date | 28 August 2024 |
How to Apply for the Orient Technologies IPO
Investors can apply for the Orient Technologies IPO through the following methods –
- Online via ASBA (Application Supported by Blocked Amount) – Investors can apply through their bank’s net banking portal using the ASBA facility. This method blocks the amount in the applicant’s bank account until the shares are allotted.
- Through a Stockbroker – Investors can also apply through their registered stockbroker who is authorized to offer IPO applications.
- UPI (Unified Payments Interface) – Retail investors can use the UPI method to apply for the IPO. Ensure that your UPI ID is linked to your bank account, and the UPI mandate is approved before the deadline.
Orient Technologies Contact Details
For any queries regarding the IPO, investors can contact the following –
Orient Technologies Ltd –
- Address: 602, Ackruti Center Point, MIDC Central Road, Andheri (East), Mumbai Maharashtra – 400 093
Phone: +91 22 4292 8777
Email: [email protected]
Website: www.orientindia.in
Registrar Details –
LINK INTIME INDIA PRIVATE LIMITED
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in