Orient Technologies IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Orient Technologies IPO?
The shares of the company are listed at Rs.288, premium of 39.81% over the issue price of Rs. 206. The listing has been at a price much lower than the expectations of the grey market.
What was the last GMP of Orient Technologies IPO?
Premium Rs. 94
Orient Technologies IPO Subscription Status
Orient Technologies IPO Subscriptions (Closed)Price Rs. 206 Lot 72 shares, Rs. 214.76 Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 188.79 | 343.45 | 243.20 | 310.03 | 68.93 | 154.84 |
| Applications: 29,23,835 / (57.69x) Amount wise Bids recd. Rs. 33253.44 Crore |
|||||
Who are the promoters of Orient Technologies IPO?
THE PROMOTERS OF THE COMPANY ARE AJAY BALIRAM SAWANT, UMESH NAVNITLAL SHAH, UJWAL ARVIND MHATRE, JAYESH MANHARLAL SHAH
What are the Objects of Orient Technologies IPO?
The Offer comprises of the Fresh Issue and the Offer for Sale.
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1.Acquisition of office premise at Navi Mumbaisituated at unit 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 ;
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 MumbaiProperty; and ii.Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.(collectively, Capital Expenditure).
3.General corporate purposes.
What is the business of Orient Technologies?
Orient Technologies, headquartered in Mumbai, Maharashtra since its establishment in 1997, is a rapidly expanding provider of information technology solutions. We specialize in developing tailored products and services across several distinct business verticals:
- IT Infrastructure: Our offerings encompass Data Centre Solutions and End-User Computing.
- IT Enabled Services (IteS): We provide Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals.
- Cloud and Data Management Services: Our expertise includes migrating workloads from data centers to the cloud.
Collaborating with leading technology partners such as Dell International Services India Private Limited, Fortinet, Inc., and Nutanix Netherlands B.V., we deliver cutting-edge solutions. This collaboration enhances our capability to innovate and customize products according to specific customer requirements.
Our strength lies in our ability to tailor solutions precisely to the needs of our clients across diverse industries, including BFSI, IT, IteS, healthcare/pharmaceuticals, and more. This approach has enabled us to serve prominent public and private sector entities.
As of December 31, 2023, Orient Technologies employs a dedicated team of 1,388 professionals, underscoring our commitment to delivering robust technological solutions and exceptional service to our clients.
For more information, click www.orientindia.in
Orient Technologies IPO GMP grey market premium, review, Subscription, allotment, listing
Orient Technologies IPO Details |
|
| IPO opens on | 21 August 2024 |
| IPO closes on | 23 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 10425,243 Shares / Rs 214.76 Crore |
| * Fresh Issue | 5825243 Shares / Rs 120 Crore |
| * Offer for Sale | 4,600,000 Shares / Rs 94.76 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 195-206 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 72 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Orient Technologies? | Shares | Rs. in Cr |
| QIB (50 %) | 5212622 | 107.38 |
| NII (15 %) | 1563786 | 32.21 |
| RII (35 %) | 3648835 | 75.17 |
| Employees | – | – |
| Total Shares | 10425243 | 215.76 |
| Retail portion will be oversubscribed by | 50678 Forms. | |
| How to apply in Orient Technologies IPO? | Amount Rs. |
|
| Min Retail Application | 72 Shares | 14832 |
| Max Retail Application | – Sh | 192816 |
| Small HNI (Min) application | – Sh | 207648 |
| Small HNI (Max) application | – Sh | 993744 |
| Big HNI Application | – Sh | 1008576 |
What is the timetable of Orient Technologies IPO? |
|
| IPO opens on | 21 August 2024 |
| IPO Closes on | 23 August 2024 |
| IPO Allotment on | 26 August 2024 |
| Unblocking of ASBA | 27 August 2024 |
| Credit of Shares | 27 August 2024 |
| Listing on | 28 August 2024 |
| Registered Office of the company | |
| No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central, Andheri (East), Mumbai – 400 093 | |
| Lead Managers of the IPO Elara Capital ltd |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
Orient Technologies IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 469 | 34.49 | 9.57 | 35.59 |
| 2022-23 | 542 | 38.30 | 10.94 | 29.73 |
| 2023-24 | 607 | 41.45 | 11.80 | 23.64 |
| Book Value of the Share on 31.03.2024 |
Rs. | 48.95 | ||
| BV of the Share after the IPO |
Rs. | 70.92 | ||
| Offer Price at Cap | Rs. | 206 | ||
Orient Technologies IPO
|
|
| Price /EPS | 17.46 |
| Price/Book Value | 4.21 |
| Price/BV after IPO | 2.90 |
How Orient Technologies IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Orient Technologies | 10 | 607 | 17.46 |
| Dynacons Systems | 10 | 1029 | 29.47 |
| HCL Technologies | 2 | 111408 | 26.98 |
| Wipro ltd | 2 | 89794 | 23.39 |
| LTI Mindtree | 1 | 36219 | 34.56 |
| Allied Digital Services | 5 | 688 | 26.05 |
| Dev IT | 5 | 165 | 29.01 |
| Tech Mahindra | 5 | 52912 | 55.17 |
| Silicon Rental Solutions | 10 | 64 | 14.41 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Orient Technologies IPO Review
Orient Technologies, headquartered in Mumbai, Maharashtra since its establishment in 1997, is a rapidly expanding provider of information technology solutions. We specialize in developing tailored products and services across several distinct business verticals.
Size: The size of the IPO is very small eg of Rs. 214.76 crore. The retail portion is only of Rs. 75.17 crore and HNI portion is only of Rs. 32.21 crore. So huge oversubscription is expected.
Financials: The company has exhibited strong topline and bottomline growth during last 3 years.
Guidance: Compared the peer group companies, the shares are offered at reasonable valuation. At the same time, the business has tough competition and nothing novel, which may attract stock market fancy. Small listing gains are expected.
Quicklinks
