Orient Technologies IPO Date, Price, Allotment and GMP 2024

The Orient Technologies IPO is a book-built issue. While the total issue size is still to be finalized, the IPO includes a fresh issue amounting to ₹120.00 crores and an offer for sale (OFS) of 0.46 crore shares. The specifics of the total issue size will likely be determined once the price band is announced.

Orient Technologies IPO 2024 IPO Allotment & Listing Dates

The Orient Technologies Ltd IPO is scheduled to open for bidding on 21-Aug-2024 and will close on 23-Aug-2024. Investors interested in participating should mark these dates on their calendars to ensure they don’t miss out on the opportunity.

For those using the UPI payment method, the cut-off time for mandate confirmation is 12 P.M. on the day following the issue’s closing date. This means that all UPI mandates must be confirmed by 12 P.M. on 24-Aug-2024. Failing to confirm the mandate within this time frame may result in the cancellation of your application.

Orient Technologies IPO Lot Size

Orient Technologies IPO Peer Comparison

About Orient Technologies Limited

Founded in 1997 and headquartered in Mumbai, Maharashtra, Orient Technologies Ltd is a rapidly expanding information technology (IT) solutions provider. Over the years, the company has developed extensive expertise in creating products and solutions tailored to specific industry needs, positioning itself as a key player in several IT domains.

Orient Technologies operates across three main business verticals:

1. IT Infrastructure:
   Providing robust infrastructure solutions that cater to the foundational IT needs of businesses.
2. IT Enabled Services (IteS):
   Offering advanced IT services that enhance business processes and operational efficiency.
3. Cloud and Data Management Services:
   Delivering cutting-edge cloud solutions and data management services, enabling businesses to harness the power of digital transformation.

The company collaborates with a wide range of technology partners, including:

• Dell International Services India Private Limited (Dell)
• Fortinet, Inc. (Fortinet)
• Nutanix Netherlands B.V. (Nutanix)

These partnerships enhance Orient Technologies’ ability to design, innovate, and deliver customized solutions tailored to the unique requirements of their clients.

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A defining characteristic of Orient Technologies’ offerings is their ability to customize solutions to meet the specific needs of their clients. This flexibility has allowed the company to attract a diverse range of prominent customers across industries, including:

• Banking, Financial Services, and Insurance (BFSI)
• Information Technology (IT)
• IT Enabled Services (IteS)
• Healthcare/Pharmaceuticals

Orient Technologies places a strong emphasis on nurturing long-term relationships with its clients. By continually engaging with customers, the company strives to better understand their evolving needs, providing holistic services and identifying new areas for collaboration. This customer-centric approach has helped Orient Technologies build a loyal client base and expand its influence across various industries.

Objects of the Issue

Orient Technologies Ltd. will acquire office premises in Navi Mumbai, specifically units 1201, 1202, 1203, and 1204. These units will be located at Plutonium Business Park, within the Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai (collectively referred to as the Navi Mumbai Property).

Funding Capital Expenditure Requirements:

1. Purchase of Equipment for Network Operating Centre (NOC) and Security Operation Centre (SOC):
   • The company plans to purchase necessary equipment to establish a Network Operating Centre (NOC) and a Security Operation Centre (SOC) at the Navi Mumbai Property.
2. Purchase of Equipment and Devices for Device-as-a-Service (DaaS) Offering: The funds will be used to acquire equipment and devices to support the company’s Device-as-a-Service (DaaS) offering.(These expenditures will collectively be referred to as Capital Expenditure).

General Corporate Purposes:

• Additionally, funds will be allocated for general corporate purposes, which may include working capital, operational expenses, and other business needs.

Orient Technologies Limited Financial Information 

Orient Technologies Limited’s revenue will increase by 15.54%, and profit after tax (PAT) will rise by 14.35% between the financial years ending on March 31, 2023, and March 31, 2022.

Here is the updated table with the header row copied above the “Assets” row: