Last updated on August 28, 2024
| Orient Technologies IPO Review | Orient Technologies IPO Subscription | Orient Technologies IPOÂ allotment status |
Orient Technologies IPO Description – Founded in 1997, Orient Technologies is an IT solutions provider. The company’s operations span a spectrum of technological solutions, in collaboration with prominent technology partners such as Dell, Fortinet, and Nutanix. As of 30 June 2024, Orient Technologies’ order book stood at INR 101.20 crore.
Over the years, the company has developed expertise in products and solutions tailored to specialized disciplines across its business verticals. These verticals include:
- IT Infrastructure: Offering products and solutions such as Data Centre Solutions and End-User Computing.
- IT Enabled Services (IteS): Providing services like Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- Cloud and Data Management Services: Specializing in migrating workloads from data centers to the cloud.
As of 30 June 2024, Orient Technologies boasted a diverse clientele encompassing both public and private sectors. Its clients hail from various industries, including Banking, Financial Services, Insurance (BFSI), Information Technology (IT), ITeS, and Healthcare / Pharmaceuticals, among others. The company has fostered strong relationships with prominent clients, including Coal India, Mazagon Dock, D’Décor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, Vasai Janta Bank, Vasai Vikas Bank, and the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai.
Promoters of Orient Technologies – Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah
Table of Contents
Orient Technologies IPO Details
| Orient Technologies IPO Dates | 21 – 23 August 2024 |
| Orient Technologies Issue Price | INR 195 – 206 per share |
| Fresh issue | INR 120 crore |
| Offer For Sale | 46,00,000 shares (INR 94.76 crore) |
| Total IPO size | INR 214.76 crore |
| Minimum bid (lot size) | 72 shares (INR 14,832) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Orient Technologies Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 467.44 | 535.10 | 602.89 |
| Expenses | 424.57 | 490.06 | 551.95 |
| Net income | 33.49 | 38.30 | 41.45 |
| Margin (%) | 7.16 | 7.16 | 6.87 |
Orient Technologies Offer News
- Orient Technologies RHP
- Orient Technologies DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Orient Technologies Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 9.35 | 10.70 | 11.58 | 9.96 |
| PE Ratio | – | 16.84 – 17.79 | 19.57 – 20.67 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 35.59 | 29.73 | 23.64 |
| NAV | 26.29 | 35.98 | 48.97 |
| ROCE (%) | 45.25 | 31.45 | 28.42 |
| EBITDA (%) | 9.80 | 9.09 | 9.39 |
| Debt/Equity | 0.02 | 0.10 | 0.03 |
Orient Technologies IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 27 August 2024 | 80 | – | 3,900 |
| 26 August 2024 | 80 | – | 3,900 |
| 24 August 2024 | 70 | – | 3,300 |
| 23 August 2024 | 62 | – | 3,200 |
| 22 August 2024 | 50 | – | 3,000 |
| 21 August 2024 | 35 | – | 2,800 |
| 20 August 2024 | 45 | – | 3,000 |
Orient Technologies IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirements – INR 79.65 crore
- Acquisition of office premises at Navi Mumbai – INR 10.35 crore
- General corporate purposes
Orient Technologies – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Orient Technologies | 17.79 | 11.58 | 23.64 | 48.97 | 606.86 |
| Dynacons Systems & Solutions | 29.47 | 42.37 | 34.13 | 124.02 | 1,028.85 |
| HCL Technologies | 26.93 | 57.86 | 23.01 | 251.58 | 1,11,408 |
| Wipro | 23.39 | 20.82 | 14.79 | 143.77 | 89,794.30 |
| LTIMindtree | 34.56 | 154.48 | 22.89 | 676.19 | 36,218.90 |
| Allied Digital Services | 26.05 | 8.07 | 7.41 | 111.93 | 688.22 |
| Dev Information Technology | 29.1 | 4.18 | 16.26 | 25.92 | 165.12 |
| Tech Mahindra | 55.17 | 26.58 | 8.83 | 277.93 | 52,912.40 |
| Silicon Rental Solutions | 14.41 | – | 20.54 | 61.14 | 63.60 |
Orient Technologies IPO Dates & Listing Performance
| 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 |
| Orient Technologies IPO Listing Date | 28 August 2024 |
| Opening Price on NSE | INR 288 per share (up 39.81%) |
| Closing Price on NSE | INR 302.4 per share (up 46.80%) |
Orient Technologies IPO Reviews – Subscribe or Avoid?
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Orient Technologies Offer Lead Manager
ELARA CAPITAL (INDIA) PRIVATE LIMITED
One International Center. – Tower 3, 21st Floor,
Senapati Bapat Marg, Elphinstone Road West, Mumbai 400013
Tel. No.:Â +91 22 61648599
Email:Â [email protected]
Website:Â www.elaracapital.com
Orient Technologies Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Orient Technologies Contact Details
ORIENT TECHNOLOGIES LIMITED
602, Ackruti Center Point, MIDC Central Road,
Andheri (East), Mumbai Maharashtra – 400 093
Phone:Â +91 22 4292 8777
Email: [email protected]
Website: www.orientindia.in
Orient Technologies IPO FAQs
How many shares in Orient Technologies IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for the Orient Technologies Public Offer?
The best way to apply for Orient Technologies public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Orient Technologies IPO GMP today?
Orient Technologies IPO GMP today is INR 80 per share.
What is Orient Technologies kostak rate today?
Orient Technologies kostak rate today is INR NA per application.
What is Orient Technologies Subject to Sauda rate today?
Orient Technologies Subject to Sauda rate today is INR 3,900 per application.
