Orient Technologies IPO GMP Today, Orient Technologies IPO Grey Market Premium Updates | Orient Technologies IPO, Latest target, Opening gain

Orient Technologies began on 21 August 2024. It will close on 23 August 2024. The Total IPO Size is ₹214.76 Crore Approx. The company set its IPO price is ₹195 to ₹206 per share Per Share. There are three basic categories in Orient Technologies IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
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.
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, ITeS, and healthcare/pharmaceutical.

These areas are outlined below:

IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;

IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and

Cloud and Data Management Services: Services include migration of workload from data centres to cloud.

The company has received the following certifications: ISO 27001:2013 for Information Security Management System, ISO 20000-1:2018 for Information Technology Services Management, ISO 9001:2015 for Quality Management System, and ISO/IEC 27001:2013 for Information Security Management System. Additionally, we have been awarded the ISO 22301:2012 certificate for our business continuity management systems and the CMMI Maturity Level 3 Certificate.

The company’s corporate office is in Mumbai, Maharashtra, and sales and services offices are located in various cities in India, such as Navi Mumbai and Pune in Maharashtra, Ahmedabad, Gujarat, New Delhi, Bengaluru, Karnataka, and Chennai, Tamil Nadu.

The company has 1,482 permanent employees as of June 30, 2024.

Orient Technologies IPO Details:

Issuer Orient Technologies IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 21 August 2024
Issue Closes: 23 August 2024
Price Brand 195 to ₹206 per share
Issue Size ₹214.76 Cr
Face Value ₹10 per share
Market Lot 72 Shares
Retail (Max) 1,92,816
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 10,425,243 shares

Orient Technologies IPO GMP Rates day by day

Orient Technologies IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 72 ₹14,832
Retail (Max) 13 936 ₹1,92,816
S-HNI (Min) 14 1,008 ₹2,07,648
S-HNI (Max) 67 4,824 ₹9,93,744
B-HNI (Min) 68 4,896 ₹1,008,576

Orient Technologies IPO Date, Allotment & Listing:

Orient Technologies IPO Opening Date: AUGUST 21, 2024
Orient Technologies IPO Closing Date: AUGUST 23, 2024
Basis of Allotment: AUGUST 26, 2024
Initiation of Refunds: AUGUST 27, 2024
Credit to Demat Account: AUGUST 27, 2024
Listing Date: AUGUST 28, 2024

Orient Technologies Limited Financial Information (Restated)

Orient Technologies Limited’s revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.

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

The market capitalization of Orient Technologies IPO is Rs 0 Cr.

KPI as of March 31, 2024.

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

Objects of the Issue (Orient Technologies IPO Objectives)

The Company proposes to utilize the Net Proceeds towards the following objects:

  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-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively, Navi Mumbai Property);
  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; and
    ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure).
  3. General corporate purposes.

ORIENT TECHNOLOGIES IPO ALLOTMENT STATUS

How to Apply for Orient Technologies IPO?

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How to Apply Orient Technologies IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Orient Technologies”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Orient Technologies IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Orient Technologies”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Orient Technologies IPO?

Orient Technologies IPO is a main-board initial public offering of 10,425,243 Equity shares of the face value of ₹10 aggregating up to ₹214.76 Crores. The issue price of the IPO is ₹195 to ₹206 Per Equity Share. The minimum order quantity is 72 Shares per application and the offer type is Book Built Issue. The IPO opens on August 21, 2024 and closes on August 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Orient Technologies IPO will open?

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

How to apply for Orient Technologies IPO?

You can apply in Orient Technologies IPO online using either UPI or ASBA as payment method. Elara Capital (India) Private Limited is the book running lead manager of the Orient Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.

When Orient Technologies IPO allotment?

The finalization of Basis of Allotment for Orient Technologies IPO will be done on August 26, 2024, and the allotted shares will be credited to your demat account by August 27, 2024. Check the Orient Technologies IPO allotment status.

When is Orient Technologiesa IPO listing date?

The Orient Technologies IPO listing date is not yet announced. The tentative date of Orient Technologies IPO listing is August 28, 2024.

What is the lot size of Orient Technologies IPO?

Orient Technologies IPO lot size is 72 Shares and the minimum order quantity is 1 Shares.