₹ 14832 / 72 shares
IPO Details
RHP/DRHPIssue Date
21 Aug - 23 Aug'24
Investment/lot
₹ 14832
Price Range
195 - 206
Lot Size
72
IPO Size
₹ 214.76 Cr
IPO Listing Details
Listing On
28 Aug'24
Issue Price
206
Listed Price
₹ 288
Retail Gain/Listing Gain
▲39.81%
IPO Timeline
Orient Technologies Company Background
Orient Technologies Limited is a fast-growing information technology solutions provider headquartered in Mumbai.
They develop products and solutions for specialised disciplines across three business verticals. The verticals are IT infrastructure wherein they provide data centre solutions and end-user computing; IT-enabled services wherein they provide managed services, multi-vendor support services, network operations centre services, security services and renewals; and cloud and data management services that include migration of workload from data centres to the cloud.
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Orient Technologies Competitive Strengths
Marquee customer base across diverse industries
Their quality products and services have enabled them to garner customers across diverse industries such as BFSI, IT, ITES and healthcare/pharmaceuticals. They have established a strong relationship with marquee brands such as Coal India, Mazagon Dock, D’Décor, Jyothy labs, ACG, Integreon, etc. In terms of operating revenue, their top 10 customers contributed ₹1730.67 million, ₹1827.61 million, and ₹640.76 million in FY23, FY22, and FY21 respectively.
Wide-ranging and diversified IT solutions and offerings
Their diverse product suite includes data centre solutions, end-user computing, cyber-security solutions, ITES services, data analytics, business analytics, RPA, IoT, DevOps, services such as infrastructure-as-a-service, platform-as-a-service, etc. They have also developed cloud expertise, ensured scalability, enhanced domain knowledge, and strengthened their partnerships with tech partners.
Track record of strong financial performance
Their revenue from operations grew at a CAGR of 47.09% between FY21 and FY23. Their revenue from operations was ₹5,351.02 million in FY23; ₹4674.43 million in FY22; and ₹2,473.35 million in FY21.
Risk Factors
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The company relies substantially on 10 customers for their business. Loss of such customers or reduced purchases by such customers will hurt their business.
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There are no long-term contracts with vendors. Any loss of such vendors/suppliers or any increase in the price of vendor services will hurt their business.
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They have incurred negative net cash from operations, certain investments, and financing in the recent past. Any negative net cash from operations, investments, and financing in the future could hurt their growth prospectus.
Key Strategies
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Expand and augment product and services portfolio
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Expand geographic footprint
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Invest in the growth of their employees
Orient Technologies Limited Key Financials
Here are the key financials for Orient Technologies Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Orient Technologies Ltd IPO?
Here are the steps to apply for Orient Technologies Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Orient Technologies IPO FAQs
When is Orient Technologies IPO listing date?
Orient Technologies IPO will list on 2024-08-28.
What is the issue size of Orient Technologies IPO?
214.76 is the issue size of Orient Technologies IPO.
What is the minimum lot size required for Orient Technologies IPO?
The minimum lot size is 72 shares and the investment required is ₹14832.
What is the price band of the Orient Technologies IPO?
The price band of Orient Technologies IPO is ₹195 to ₹206.
Where can I read more about Orient Technologies business?
You can read more about Orient Technologies and its IPO from the company’s red herring prospectus (RHP) here.
What is the Orient Technologies Limited IPO?
The Orient Technologies Limited IPO has an issue size of ₹214.76 crores. The IPO opens for subscription on 21st August 2024 and closes on 23rd August, 2024
Who is the Registrar for Orient Technologies Limited IPO?
Link Intime is the registrar for the IPO.
