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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.

Orient Technologies Ltd IPO Details

Total Shares Offered

₹ 1,04,25,242

Offer to Public

46,00,000

Retail Max (Shares)

₹ 36,48,835

Pre Issue Promoters Holding

₹ 3,50,87,500

Exchange

BSE

Issue size

₹ 214.76 Cr

IPO Open Date

Aug 21, 2024

Close Date

Aug 23, 2024

Lot Size

Min Investment

₹ 14,040

Issue Type

Book Building

Listing Date

Aug 28, 2024

Orient Technologies Ltd IPO Dates

Aug 21, 2024

Opening date

Aug 23, 2024

Closing date

Aug 26, 2024

Basis of Allotment

Aug 27, 2024

Initiation of Refunds

Aug 27, 2024

Credit of Shares

Aug 28, 2024

Listing date

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*
QIB	0x	5212622
NII	0x	1563786
Retail	0x	3648835
Employee	0x	0
Total	0x	10425242

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

5212622

1563786

3648835

10425242

Orient Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	73.13	58.54	53.74
EBITDA	78.25	62.17	55.53
PAT	50.44	41.45	38.30
Total Assets	469.66	242.62	183.05
Share Capital	41.64	35.82	17.50
Total Borrowings	51.21	52.04	43.95
Operating Activities (Net Cash)	55.56	45.08	40.09
Investing Activities (Net Cash)	0.20	39.57	33.77
Financing Activities (Net Cash)	51.21	52.04	43.95
Net Cashflow	115.72	20.52	20.05

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.

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 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.

How To Apply for Orient Technologies Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Orient Technologies Ltd IPO?

Orient Technologies Ltd's IPO offers shares for up to 120 It begins on Aug 21, 2024 and ends on Aug 23, 2024.

What is the price of the Orient Technologies Ltd IPO?

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

What are the open and close dates for the Orient Technologies Ltd IPO?

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

When will the Orient Technologies Ltd IPO be allotted?

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.

What is the minimum lot size required for Orient Technologies Ltd IPO?

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

What is the GMP of Orient Technologies Ltd IPO?

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

How do you check the allotment status of Orient Technologies Ltd IPO?

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.'

Where is the Orient Technologies Ltd IPO getting listed?

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.

How do you apply for the Orient Technologies Ltd IPO?

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.