Orient Technologies IPO Details
Issue Date
--
Price Range
₹195 - ₹206
Lot Size
72
IPO Size
₹214.76 Cr
Orient Technologies IPO Listing Details
Listing On
28 Aug'24
Issue Price
₹206
Listed Price
₹ 288
Retail Gain/Listing Gain
▲39.81%
Schedule of Orient Technologies IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
28/08/2024
Orient Technologies Company Background
Orient Technologies Limited is a fast-growing information technology solutions provider headquartered in Mumbai.
They develop products and solutions for specialised disciplines across three business verticals. The verticals are IT infrastructure wherein they provide data centre solutions and end-user computing; IT-enabled services wherein they provide managed services, multi-vendor support services, network operations centre services, security services and renewals; and cloud and data management services that include migration of workload from data centres to the cloud.
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Orient Technologies Competitive Strengths
Marquee customer base across diverse industries
Their quality products and services have enabled them to garner customers across diverse industries such as BFSI, IT, ITES and healthcare/pharmaceuticals. They have established a strong relationship with marquee brands such as Coal India, Mazagon Dock, D’Décor, Jyothy labs, ACG, Integreon, etc. In terms of operating revenue, their top 10 customers contributed ₹1730.67 million, ₹1827.61 million, and ₹640.76 million in FY23, FY22, and FY21 respectively.
Wide-ranging and diversified IT solutions and offerings
Their diverse product suite includes data centre solutions, end-user computing, cyber-security solutions, ITES services, data analytics, business analytics, RPA, IoT, DevOps, services such as infrastructure-as-a-service, platform-as-a-service, etc. They have also developed cloud expertise, ensured scalability, enhanced domain knowledge, and strengthened their partnerships with tech partners.
Track record of strong financial performance
Their revenue from operations grew at a CAGR of 47.09% between FY21 and FY23. Their revenue from operations was ₹5,351.02 million in FY23; ₹4674.43 million in FY22; and ₹2,473.35 million in FY21.
Risk Factors
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The company relies substantially on 10 customers for their business. Loss of such customers or reduced purchases by such customers will hurt their business.
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There are no long-term contracts with vendors. Any loss of such vendors/suppliers or any increase in the price of vendor services will hurt their business.
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They have incurred negative net cash from operations, certain investments, and financing in the recent past. Any negative net cash from operations, investments, and financing in the future could hurt their growth prospectus.
Key Strategies
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Expand and augment product and services portfolio
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Expand geographic footprint
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Invest in the growth of their employees
Orient Technologies Limited Key Financials
Here are the key financials for Orient Technologies Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Orient Technologies Ltd IPO?
Here are the steps to apply for Orient Technologies Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Orient Technologies IPO FAQs
The Orient Technologies IPO opens for subscription from [-] to [-], with a total issue size of ₹214.76 Cr. The IPO price band is ₹195 to ₹206 per share with a lot size of 72. The company aims to list the shares on BSE & NSE on 28-08-2024.
The Orient Technologies IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Orient Technologies IPO is 72 equity shares, requiring a minimum investment of ₹14832 for retail investors applying in the IPO.
The price band of the Orient Technologies IPO has been fixed at ₹195 to ₹206 per equity share.
You can apply for the Orient Technologies IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Orient Technologies IPO allotment will take place on [-].
You can check the Orient Technologies IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Orient Technologies shares will list on the stock exchanges on 28-08-2024.
You can find detailed information about the Orient Technologies IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Orient Technologies Limited IPO has an issue size of ₹214.76 crores. The IPO opens for subscription on 21st August 2024 and closes on 23rd August, 2024
Link Intime is the registrar for the IPO.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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