Orient Technologies Limited

Company Profile
Company Name Orient Technologies Limited
Open Date 21-08-2024
Close Date 23-08-2024
Exchange BSE, NSE
Lot Size 72 Shares
Issue Price ₹195 to ₹206 per share
Issue Size 1,04,25,243 shares
Application Amount ₹ 14,832 – ₹ 1,92,816 (72 to 936 shares)
Recommendation Neutral

Orient Technologies Limited was originally incorporated on July 04, 1997. The registered office is located at Mumbai, Maharashtra. The Company is an information technology solutions provider, where their services include IT Infrastructure, IT Enabled Services (ITeS), Cloud and Data Management Services. The company had 1,482 permanent employees as of June 30, 2024.

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Financial Summary in Cr

KPI’s FY 22 FY 23 FY 24
Revenue 467.44 535.10 602.89
EBITDA 45.83 48.64 56.62
Net Profit 33.49 38.30 41.45
RoCE 43.78% 32.85% 28.46%
ROE 35.59% 29.73% 23.64%
P/E 21.53 18.83 17.46

Tentative Timeline

Opening Date 21/08/2024
Closing Date 23-08-2024
Basis of Allotment 26-08-2024
Initiation of Refunds 27-08-2024
Credit of Shares to Demat 27-08-2024
Listing Date 28-08-2024

Objects of the Issue

Acquisition of office premise at Navi Mumbai.
Funding Capital Expenditure Requirements.
General Corporate Expenses.

Contact Information

Registered Office Orient Technologies Limited Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central Andheri (East), Mumbai - 400093
Phone +91 22 4292 8777
Email complianceofficer@orientindia.net
Website https://www.orientindia.in/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email complianceofficer@orientindia.net
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 97.96%
Share Holding Post Issue (Promoters) 73.21%

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