Orient Technologies Limited IPO(Orient Technologies IPO)Date, Price, GMP & Allotment 2024

Orient Technologies  IPO Overview

IPO Size and Structure:

Orient Technologies Limited IPO is a book-built issue with a total size of ₹214.76 crores. The IPO consists of a fresh issue of 0.58 crore equity shares, aggregating to ₹120.00 crores, and an offer for sale (OFS) of 0.46 crore shares, aggregating to ₹94.76 crores.

IPO Subscription Dates:

The Orient Technologies IPO will open for subscription on August 21, 2024, and close on August 23, 2024. Investors should note these dates to participate in the offering.

IPO Allotment and Listing:

The allotment of shares for the Orient IPO is expected to be finalized on August 26, 2024. The shares will be listed on both the BSE and NSE, with the tentative listing date set for August 28, 2024.

IPO Price Band and Lot Size:

The price band for Orient Technologies IPO is set between ₹195 and ₹206 per share. The minimum application size for retail investors is 72 shares, requiring a minimum investment of ₹14,832. For small Non-Institutional Investors

Orient Technologies Limited IPO Important dates

Orient Technologies IPO opens on August 21, 2024, and closes on August 23, 2024.

Orient Technologies  IPO Financial Performance

Orient Technologies Limited’s revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.

Key Performance Indicator

KPI as of March 31, 2024.

Orient Technologies Limited IPO  Objectives

The company intends to utilize the net proceeds from the IPO for the following purposes:

1. Acquisition of Office Premises:
   The funds will be used to acquire office units numbered 1201, 1202, 1203, and 1204, located at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively referred to as the “Navi Mumbai Property”).
2. Funding Capital Expenditure Requirements:
   The capital raised will also be directed towards the following capital expenditure initiatives:
   • Network Operating Centre (NOC) & Security Operation Centre (SOC): Purchase of equipment for setting up an NOC and SOC at the Navi Mumbai Property.
   • Device-as-a-Service (DaaS) Offering: Procuring equipment and devices to expand the company’s DaaS offering.
3. General Corporate Purposes:
   A portion of the proceeds will be allocated towards general corporate purposes to support the overall growth and development of the company.

Orient Technologies  IPO Lot Size

Investors can bid for a minimum of 72 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Orient Technologies Limited IPO Details

SWOT Analysis(Strength and Weakness)

• Strengths

  • Established Market Presence: With over two decades in the industry, Orient Technologies has built a strong reputation and a loyal customer base.
  • Diverse Service Portfolio: The company offers a wide range of IT solutions, including cloud services, data management, and business applications, catering to various business needs.
  • Innovative Solutions: Known for integrating cutting-edge technology, Orient Technologies stays ahead of the curve by offering innovative and scalable solutions.
  • Skilled Workforce: The company boasts a team of highly skilled professionals, ensuring high-quality service delivery and customer satisfaction.
  • Strong Leadership: Experienced leadership team with a clear vision and strategic direction.

• Weaknesses

  • Dependence on Key Clients: A significant portion of revenue might come from a few key clients, making the company vulnerable to changes in their business.
  • Limited Global Presence: While the company serves a global clientele, its physical presence is primarily concentrated in India, which may limit its market reach.
  • High Competition: The IT solutions market is highly competitive, with numerous players offering similar services, which can impact market share and profitability.

• Opportunities

  • Expansion into New Markets: There is potential for growth by expanding into new geographical markets and industries.
  • Emerging Technologies: Leveraging emerging technologies such as AI, IoT, and blockchain can open new avenues for innovation and service offerings.
  • Strategic Partnerships: Forming alliances with other tech companies can enhance service offerings and market reach.
  • Increased Demand for IT Solutions: The growing need for digital transformation across industries presents a significant opportunity for business growth.

• Threats

  • Rapid Technological Changes: The fast-paced nature of technological advancements requires continuous innovation and adaptation, which can be challenging.
  • Economic Uncertainty: Economic downturns or instability can impact client budgets and spending on IT services.
  • Cybersecurity Risks: As an IT solutions provider, the company is exposed to cybersecurity threats, which can affect its reputation and client trust.
  • Regulatory Changes: Changes in regulations and compliance requirements in different markets can pose challenges to operations and service delivery.

Orient Technologies  IPO GMP Details

Orient Technologies IPO’s last GMP is ₹0, last updated Aug 16th, 2024. With a price band of 206.00, Orient Technologies IPO’s estimated listing price is ₹206 (cap price + today’s GMP). The expected percentage gain/loss per share is 0.00%.

We update GMP daily and based on the last 8 sessions of grey market activities, today’s IPO GMP trend, no major movement is observed in GMP, expect the same trend till listing day. Stay with us to know the daily price trend of Orient Technologies IPO GMP with the expected listing price.

Orient IPO subscription status 

The bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open

Orient Technologies  IPO Allotment status 

Orient  IPO allotment is expected on August 26, 2024.

Orient Technologies IPO allotment status is not available at this time. Orient Technologies IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Orient  IPO allotment status.

To check Orient  IPO allotment status, follow the steps below:

1. Click on the allotment status check button below.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to complianceofficer@orientindia.net.

Promoter and Management Team

• • Ajay Baliram Sawant
  • Jayesh Manharlal Shah
  • Umesh Navnitlal Shah
  • Ujwal Arvind Mhatre