Orient Technologies Ltd
Price Range
₹195 - ₹206
Min. Quantity
72
Closes on
23 August 2024
Min. investment
₹14,832/936 Shares
Orient Technologies Ltd IPO Timeline
Orient Technologies Ltd formerly incorporated as a Private Limited Company in the name of Orient Technologies Private Limited' at Mumbai on July 04, 1997 was converted into Public Limited Company and the name of the Company was changed to Orient Technologies Limited', pursuant to a fresh certificate of incorporation issued by the RoC on October 12, 2023.
| Event | Date |
|---|---|
| Orient Technologies Ltd IPO Opening Date | 21 August 2024 |
| Orient Technologies Ltd IPO Closing Date | 23 August 2024 |
| Basis of Allotment | 26 August 2024 |
| Initiation of Refunds | 27 August 2024 |
| Credit of Shares to Demat | 27 August 2024 |
| Orient Technologies Ltd IPO Listing Date | 28 August 2024 |
Orient Technologies Ltd IPO Details
| Orient Technologies Ltd IPO Date | 21 August 2024 to 23 August 2024 |
| Orient Technologies Ltd IPO Face Value | ₹10 per share |
| Orient Technologies Ltd IPO Price | ₹195 to ₹206 per share |
| Orient Technologies Ltd IPO Lot Size | 72 |
| Issue Size | Shares of ₹10 (aggregating up to ₹214.76 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹120 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹94.76 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 20,72,922 of the Net Offer |
| Retail Shares Offered | Not less than 37,63,847 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 16,13,077 of the Net Offer |
| Company Promoters | Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre |
Orient Technologies Ltd IPO Lot Size
The Orient Technologies Ltd IPO lot size is 72 shares. A retail-individual investor can apply for up to 13 lots (936 shares or ₹1,92,816).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 72 | ₹14,832 |
| Maximum | 13 | 936 | ₹1,92,816 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Orient Technologies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 311.14 | 606.86 | 41.45 |
| 03-2023 | 239.94 | 542.01 | 38.30 |
| 03-2022 | 193.03 | 469.12 | 33.49 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding its capital expenditure requirements
- Acquisition of office premise at Navi Mumbai
- General corporate purposes
Orient Technologies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 24.43% |
| Post Issue Share Holding | 18.25% |
Orient Technologies Ltd IPO Subscription Status (Bidding Detail)
The Orient Technologies Ltd IPO is subscribed 151.71 times on 23 August 2024 05:00:00 PM. The public issue subscribed 66.87 times in the retail category, 189.9 times in the QIB category, and 300.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 189.9 | 300.6 | 66.87 | - | 151.71 |
Orient Technologies Ltd IPO Prospectus
Orient Technologies Ltd IPO Listing Date
| Listing Date | 28 August 2024 |
| BSE Script | 544235 |
| NSE Symbol | ORIENTTECH |
| Listing In | BSE, NSE |
| ISIN | INE0PPK01015 |
| IPO Price | ₹206 |
| Face Value | ₹10 |
Company Contact Information
Off # 502 Vth Flr Akruti StarCentral Road MIDC Andheri East,Mumbai-400093
Phone: +91 22 4292 8777
Email: complianceofficer@orientindia.net
Website: www.orientindia.in
Orient Technologies Ltd IPO Registrar
Orient Technologies Ltd IPO Lead Manager(s)
- Elara Capital (India) Pvt Ltd
FAQ
What is the issue size of Orient Technologies Ltd IPO?
I have pre-applied for Orient Technologies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.