Bookbuilding IPO | ₹215 Cr | Listed at BSE, NSE | Wed, Aug 21, 2024 - Fri, Aug 23, 2024
Orient Technologies IPO is a book build issue of ₹214.76 crores. The issue is a combination of fresh issue of 0.58 crore shares aggregating to ₹120.00 crores and offer for sale of 0.46 crore shares aggregating to ₹94.76 crores.
Orient Technologies IPO bidding started from Aug 21, 2024 and ended on Aug 23, 2024. The allotment for Orient Technologies IPO was finalized on Aug 26, 2024. The shares got listed on BSE, NSE on Aug 28, 2024.
Orient Technologies IPO price band is set at ₹206 per share. The lot size for an application is 72. The minimum amount of investment required by an retail is ₹14,832 (72 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,008 shares), amounting to ₹2,07,648, and for bNII, it is 68 lots (4,896 shares), amounting to ₹10,08,576.
Elara Capital (India) Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Orient Technologies IPO RHP for detailed Information.
IPO Open
Wed, Aug 21, 2024
IPO Close
Fri, Aug 23, 2024
Issue Price
₹206 per share
Market Cap (Pre-IPO)
₹857.82 Cr
| IPO Date | 21 to 23 Aug, 2024 |
| Listed on | Wed, Aug 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹206 |
| Issue Price | ₹206 per share |
| Lot Size | 72 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,04,25,242 shares (agg. up to ₹215 Cr) |
| Fresh Issue | 58,25,242 shares (agg. up to ₹120 Cr) |
| Offer for Sale | 46,00,000 shares of ₹10 (agg. up to ₹95 Cr) |
| Share Holding Pre Issue | 3,58,16,500 shares |
| Share Holding Post Issue | 4,16,41,743 shares |
| BSE Script Code / NSE Symbol | 544235 / ORIENTTECH |
| ISIN | INE0PPK01015 |
Orient Technologies IPO offers total 1,04,25,242 shares. Out of which 52,12,620 (50.00%) allocated to QIB, 20,85,048 (20.00%) allocated to QIB (Ex- Anchor), 15,63,787 (15.00%) allocated to NII 36,48,835 (35.00%) allocated to RII and 31,27,572 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 52,12,620 (50.00%) | NA |
| − Anchor Investor Shares Offered | 31,27,572 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,85,048 (20.00%) | NA |
| NII (HNI) Shares Offered | 15,63,787 (15.00%) | NA |
| − bNII > ₹10L | 10,42,525 (10.00%) | 1,034 |
| − sNII < ₹10L | 5,21,262 (5.00%) | 517 |
| Retail Shares Offered | 36,48,835 (35.00%) | 50,678 |
| Total Shares Offered | 1,04,25,242 (100.00%) |
Investors can bid for a minimum of 72 shares and in multiples thereof.
| 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 | ₹10,08,576 |
Orient Technologies IPO raises ₹64.43 crore from anchor investors. Orient Technologies IPO Anchor bid date is August 20, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Aug 20, 2024 |
| Shares Offered | 31,27,572 |
| Anchor Portion (₹ Cr.) | 64.43 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 23, 2024 |
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.
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'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.
Orient Technologies Limited, established in July 1997, is a fast-growing IT solutions provider based in Mumbai. It specializes in IT infrastructure, IT-enabled services (IteS), and cloud and data management services.
The clientele of the company includes Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank) and Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon),Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai and D'Décor Exports Private Limited (D'Décor).
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 | 112.45 |
| Total Income | 606.86 | 542.01 | 469.12 | 248.96 |
| Profit After Tax | 41.45 | 38.30 | 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of office premise at Navi Mumbai | 10.35 |
| 2 | Funding our Capital Expenditure requirements | 79.65 |
| 3 | General corporate purposes | 17.93 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.26 |
| ROCE | 28.42 |
| RoNW | 23.64 |
| PAT Margin | 6.87% |
| Price to Book Value | 4.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.57 | 9.95 |
| P/E (x) | 17.8 | 20.7 |
| Promoter Holding | 97.96% | 73.21% |
| Market Cap | ₹857.82 Cr. |
The Orient Technologies IPO is subscribed 154.84 times on August 23, 2024 6:19:09 PM (Day 3). The public issue subscribed 68.93 times in the retail category, 188.79 times in the QIB category, and 310.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 188.79 | 20,85,049 | 39,36,46,320 |
| NII | 310.03 | 15,63,786 | 48,48,27,696 |
| bNII (bids above ₹10L) | 343.45 | 10,42,525 | 35,80,54,992 |
| sNII (bids below ₹10L) | 243.2 | 5,21,262 | 12,67,72,704 |
| Retail | 68.93 | 36,48,835 | 25,15,19,688 |
| Total | 154.84 | 72,97,670 | 1,12,99,93,704 |
Total Application : 29,23,835
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM's fees and commissions (including underwriting commission, brokerage and selling commission) | 9.21 |
| 2 | Brokerage, selling commission, bidding charges, processing fees for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs(2)(3)(4)(5)(6) | 0.95 |
| 3 | Processing fee for Sponsor Bank (Syndicate ASBA through UPI) Axis Bank Limited (above 3 lacs charges are ₹ 6.50 per valid UPI application) | 1.30 |
| 4 | Fees payable to the Registrar to the Offer | 0.03 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 1.02 |
| 6 | Printing and stationery | 0.60 |
| 7 | Advertising and marketing expenses | 1.15 |
| 8 | Fee payable to legal counsels, independent chartered accounts, independent chartered engineers | 1.43 |
| 9 | Depository charges | 2.58 |
| 10 | Charges for Industry Report | 0.40 |
| 11 | Miscellaneous | 0.03 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹206.00 | ₹206.00 |
| Open | ₹290.00 | ₹288.00 |
| Low | ₹285.10 | ₹287.20 |
| High | ₹304.45 | ₹302.40 |
| Last Trade | ₹304.45 | ₹302.40 |
Lead Manager Reports
Orient Technologies IPO is a main-board IPO of 1,04,25,242 equity shares of the face value of ₹10 aggregating up to ₹215 Crores. The issue is priced at ₹206 per share. The minimum order quantity is 72.
The IPO opens on Wed, Aug 21, 2024, and closes on Fri, Aug 23, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Orient Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Orient Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Orient Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Orient Technologies IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024.
Orient Technologies IPO lot size is 72, and the minimum amount required for application is ₹14,832.
You can apply in Orient Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Orient Technologies IPO will be done on Monday, August 26, 2024, and the allotted shares will be credited to your demat account by Tue, Aug 27, 2024. Check the Orient Technologies IPO allotment status.
The Orient Technologies IPO listing date is on Wed, Aug 28, 2024.
