Orient Technologies Ltd IPO

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.

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50years

Orient Technologies Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 104.25 L₹ 46 L₹ 36.49 L₹ 350.88 LBSE₹ 214.76 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
21 Aug, 2423 Aug, 2472 ₹ 14,040 Book Building28 Aug, 24

Orient Technologies Ltd IPO Dates

  • 21 Aug 2024

    Opening date

  • 23 Aug 2024

    Closing date

  • 26 Aug 2024

    Basis of
    Allotment

  • 27 Aug 2024

    Initiation of
    Refunds

  • 27 Aug 2024

    Credit of
    Shares

  • 28 Aug 2024

    Listing date

Details

SectorType
SectorComputers - Software - Medium
Sub SectorSmall
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB75.52x5212622393646320
NII310.07x1563786484883712
Retail68.98x3648835251690616
Employee0x00
Total108.41x104252421130220648

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)FY23FY22FY21
Revenue from operations58.5453.7446.49
EBITDA62.1755.5348.43
PAT41.4538.3033.49
Total Assets241.92183.05159.21
Share Capital35.8217.5017.50
Total Borrowings51.3443.9526.40
Operating Activities (Net Cash)45.0840.0935.43
Investing Activities (Net Cash)39.5733.7718.05
Financing Activities (Net Cash)51.3443.9526.40
Net Cashflow20.5220.0525.41

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.

Get your FAQs right

Orient Technologies Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 21, 2024 and ends on Aug 23, 2024.

The price of Orient Technologies Ltd IPO ranges between ₹195 to ₹206 per share.

The Orient Technologies Ltd IPO opens on Aug 21, 2024 and closes on Aug 23, 2024.

The allotment for the Orient Technologies Ltd IPO will be finalised on Aug 26, 2024. The shares will be listed on BSE and NSE on Aug 28, 2024.

The minimum lot size for Orient Technologies Ltd IPO is 72 shares, priced between ₹195 to ₹206 per share.

The GMP (Grey Market Premium) of Orient Technologies Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Orient Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Orient Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 21, 2024, and closes on Aug 23, 2024. The allotment is finalised on Aug 26, 2024.

To apply for the Orient Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.