Orient Technologies Ltd IPO
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Orient Technologies Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 104.25 L | ₹ 46 L | ₹ 36.49 L | ₹ 350.88 L | BSE | ₹ 214.76 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 21 Aug, 24 | 23 Aug, 24 | 72 | ₹ 14,040 | Book Building | 28 Aug, 24 |
Orient Technologies Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Computers - Software - Medium |
| Sub Sector | Small |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 75.52x | 5212622 | 393646320 |
| NII | 310.07x | 1563786 | 484883712 |
| Retail | 68.98x | 3648835 | 251690616 |
| Employee | 0x | 0 | 0 |
| Total | 108.41x | 10425242 | 1130220648 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Orient Technologies Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 58.54 | 53.74 | 46.49 |
| EBITDA | 62.17 | 55.53 | 48.43 |
| PAT | 41.45 | 38.30 | 33.49 |
| Total Assets | 241.92 | 183.05 | 159.21 |
| Share Capital | 35.82 | 17.50 | 17.50 |
| Total Borrowings | 51.34 | 43.95 | 26.40 |
| Operating Activities (Net Cash) | 45.08 | 40.09 | 35.43 |
| Investing Activities (Net Cash) | 39.57 | 33.77 | 18.05 |
| Financing Activities (Net Cash) | 51.34 | 43.95 | 26.40 |
| Net Cashflow | 20.52 | 20.05 | 25.41 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Orient Technologies Ltd
Orient Technologies Limited was originally incorporated as `Orient Technologies Private Limited', at Mumbai as a private limited company under the provisions of Companies Act, 1956 and received a certificate of incorporation issued by the RoC on July 04, 1997. The Company got converted into a public limited company pursuant to a special resolution passed by the Shareholders of the Company on August 25, 2023 and the name of the Company was changed to its present name, `Orient Technologies Limited', pursuant to a fresh certificate of incorporation issued by the RoC on October 12, 2023.
IT-enabled services (ITeS) encompass a broad spectrum of services that leverage information technology for providing services with the help of internet. Between CY2019 to CY2023, the IT industry has seen a growth of 5.6% CAGR. Sectoral volumes are expected to be driven by the banking, financial services, and insurance (BFSI) and telecom sectors. In fiscal 2025, a growth rate of 6-8% is expected as the volume of CRM will shoot up. The domestic revenue of information technology-enabled services (ITeS) companies is estimated to grow at a CAGR of 6-8% between Fiscals 2024 and 2027, driven by an increase in volumes due to digitization, to reach approximately Rs 430-460 billion by Fiscal 2027. The Indian IT Services forms approximately 53% of the total Indian IT revenue as of FY 2024.
Orient Technologies Limited is an information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years the company has built deep expertise to develop products and solutions for specialised disciplines across its business verticals inter alia IT Infrastructure; IT Enabled Services (ITeS); and Cloud and Data Management Services. A key facet of its product and service offerings is its ability to tailor and customise its offerings to the specific needs of its customers. Its collaboration with its technology partners heightens its ability to design and innovate products and provide solutions tailored to specific customer requirements.
Peer Comparison:
- Dynacons Systems & Solutions Ltd
- HCL Technologies Ltd
- Wipro Ltd
- LTIMindtree Ltd
- Allied Digital Services Ltd
- Dev Information Technology Ltd
- Tech Mahindra Ltd
- Silicon Rental Solutions Ltd
Orient Technologies Ltd IPO Key Points
Strengths
- Marquee customer base across diverse Customer Industries.
- Wide ranging and diversified IT solutions and offerings.
- Strong Promoters and Board of Directors supported by an experienced senior management team.
- Track record of financial performance.
Risk
- The company is heavily reliant on its top 10 customers, and the loss of such customers or a significant reduction in purchases by such customers will have a material adverse impact on its business.
- The company depends on few Customer Industries for majority of its revenue from operations. Loss of customers in these Customer Industries may result in an adverse effect on its business, revenue from operations and financial conditions.
- The company is heavily reliant on a few vendors/ suppliers and the company typically does not enter into long-term contracts or arrangements with its vendors. Any loss of such vendors/suppliers or any increase in the price will have a material adverse impact on its business and the company revenue.
Strategy
- Expanding and augmenting its product and services portfolio.
- Expanding its geographic footprint.
- Investing in the growth of its employees.
- Marquee customer base across diverse Customer Industries.
- Wide ranging and diversified IT solutions and offerings.
- Strong Promoters and Board of Directors supported by an experienced senior management team.
- Track record of financial performance.
How To Apply for Orient Technologies Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.