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Orient Tech IPO listed @ Rs. 288

 

orient technologies ipo gmp

Orient Technologies IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
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  • Reviews
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  • 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
Ratio Analysis

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.

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