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20 Nov 2024
Orient Technologies Limited IPO And Its GMP
Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. Over the years they have built deep expertise to develop products and solutions for specialized disciplines across our business verticals which are set out below:
- ● IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing.
- ● IT Enabled Services: Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services and Renewals.
- ● Cloud and Data Management Services: Services include workload migration from data centers to the cloud.
Their business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Private Limited (Dell) Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix).
Issue Size: Rs 214.76 crores
IPO Dates:
Price Band: ₹195 to ₹206 per share
Minimum Lot Size: 72 shares
Book Running Lead Manager: Elara Capital (India) Private Limited
Registrar to the Issue: Link Intime India Private Ltd
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Orient Technologies IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 27-08-2024 | 206 | 87.0 (42%) | 27-Aug-2024 13:20 |
| 25-08-2024 | 206 | 82.0 (40%) | 25-Aug-2024 12:20 |
| 24-08-2024 | 206 | 82.0 (40%) | 24-Aug-2024 13:20 |
| 23-08-2024 | 206 | 60 | 23-Aug-2024 14:00 |
| 22-08-2024 | 206 | 50 | 22-Aug-2024 14:00 |
| 21-08-2024 | 206 | 32.0 (16%) | 21-Aug-2024 12:55 |
| 20-08-2024 | 206 | 55.0 (27%) | 20-Aug-2024 14:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Orient Technologies IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹206 per share |
| Lot Size | 72 Shares |
| Total Issue Size | 10,425,243 shares (aggregating up to ₹214.76 Cr) |
| Fresh Issue | 5,825,243 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 4,600,000 shares of ₹10 (aggregating up to ₹94.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 35,816,500 |
Orient Technologies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
Orient Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,832 |
| Retail (Max) | 13 | 936 | ₹192,816 |
| S-HNI (Min) | 14 | 1,008 | ₹207,648 |
| S-HNI (Max) | 67 | 4,824 | ₹993,744 |
| B-HNI (Min) | 68 | 4,896 | ₹1,008,576 |
Orient Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Orient Technologies IPO Promoter Holding
| Share Holding Pre Issue | 97.96% |
| Share Holding Post Issue |
Company & Financials
Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals.
These areas are outlined below:
- 1. IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing.
- 2. IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- 3. Cloud and Data Management Services: Services include migration of workload from data centers to cloud.
The company's wide range of customized offerings and its ability to tailor solutions to meet customers' specific needs have enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance (BFSI), IT and healthcare/pharmaceutical.
Orient Technologies Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 311.14 | 215.25 | 176.32 | 112.45 | ||||||||||||||||||||||||||||||||||||
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 41.45 | 38.3 | 33.49 | 0.13 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 175.31 | 128.82 | 94.11 | 61.29 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 138.79 | 111.32 | 76.61 | 44.79 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4.82 | 12.86 | 2.28 | 9.22 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.26 |
| ROCE | 28.42 |
| RoNW | 23.64 |
| P/BV | 4.21 |
| PAT Margin (%) | 6.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.57 | 0 |
| P/E (x) | 17.8 | 0 |
Objectives of Orient Technologies IPO
The Company proposes to utilize the Net Proceeds towards the following objectives:
- 1. Acquisition of office premise at Navi Mumbai situated at units no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thane Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai.
- 2. Funding capital expenditure requirements for:
- i. Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property.
- ii. Purchase of equipment and devices to offer Devise-as-a-Service (DaaS) offering.
- 3. General corporate purposes.
Orient Technologies IPO Review
The company is operating in a highly competitive and fragmented segment of IT solutions and related services. It marked steady growth in its top and bottom lines for the reported periods. As of June 30, 2024, it has orders on hand worth Rs. 101+ cr. Based on FY24 earnings, the issue appears fully priced discounting all near-term positives. Well-informed investors may park moderate funds for the medium to long term.
FAQs for Orient Technologies IPO
-
What is the Orient Technologies IPO?
Orient Technologies IPO is a main-board IPO. They are going to raise ₹214.76 Crores via IPO. The issue is priced at ₹195 to ₹206 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Orient Technologies IPO open?
The IPO is to open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is Orient Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Orient Technologies IPO Size?
Orient Technologies IPO size is ₹214.76 crores.
-
What is the Orient Technologies IPO Price Band?
Orient Technologies IPO Price Band is ₹195 to ₹206.
-
What is Orient Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 72 Shares with ₹14,832 amount while the maximum bid is 936 shares with ₹192,816.
-
What is the Orient Technologies IPO Allotment Date?
Orient Technologies IPO allotment date is August 26, 2024.
-
What is the Orient Technologies IPO Listing Date?
Orient Technologies IPO listing date is August 28, 2024. The IPO is to be listed on BSE and NSE.
-
What is the current GMP of Orient Technologies?
The current GMP of Orient Technologies is 87.0 (42%).
RHP:
RHP of Orient Technologies Limited IPO
DRHP:
DRHP of Orient Technologies Limited IPO
-
What is the Orient Technologies IPO?
Orient Technologies IPO is a main-board IPO. They are going to raise ₹214.76 Crores via IPO. The issue is priced at ₹195 to ₹206 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Orient Technologies IPO open?
The IPO is to open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is Orient Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Orient Technologies IPO Size?
Orient Technologies IPO size is ₹214.76 crores.
-
What is the Orient Technologies IPO Price Band?
Orient Technologies IPO Price Band is ₹195 to ₹206.
-
What is Orient Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 72 Shares with ₹14,832 amount while the maximum bid is 936 shares with ₹192,816.
-
What is the Orient Technologies IPO Allotment Date?
Orient Technologies IPO allotment date is August 26, 2024.
-
What is the Orient Technologies IPO Listing Date?
Orient Technologies IPO listing date is August 28, 2024. The IPO is to be listed on BSE and NSE.
-
What is the current GMP of Orient Technologies?
The current GMP of Orient Technologies is 87.0 (42%).
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