About Orient Technologies:
They are an information technology (IT) solutions provider headquartered in Mumbai, Maharashtra, established in 1997. Over the years, they have developed deep expertise in creating products and solutions across specialized disciplines within their business verticals, including IT Infrastructure, IT Enabled Services (ITeS), and Cloud and Data Management Services. A key aspect of their offerings is their ability to tailor and customize solutions to meet the specific needs of their customers. Their collaboration with technology partners enhances their capacity to design and innovate products and provide solutions that are specifically tailored to customer requirements.
About the Industry in which Orient Technologies operates:
Information technology-enabled services (ITeS) encompass a wide range of services that utilize information technology to deliver services via the internet. Between calendar years 2019 and 2023, the IT industry experienced a compound annual growth rate (CAGR) of 5.6%. Growth in sectoral volumes is expected to be driven by the banking, financial services, and insurance (BFSI) sectors, as well as the telecom sector. In fiscal year 2025, a growth rate of 6-8% is anticipated, spurred by a significant increase in customer relationship management (CRM) volumes. The domestic revenue of ITeS companies is projected to grow at a CAGR of 6-8% between fiscal years 2024 and 2027, reaching approximately Rs 430-460 billion by fiscal 2027, driven by rising volumes due to digitization. As of fiscal year 2024, the Indian IT services sector accounts for approximately 53% of the total Indian IT revenue.
| Important Information and Timelines of the IPO of Orient Technologies: | |
|---|---|
| Open Date | 21 August 2024 |
| Close Date | 23 August 2024 |
| Total Issue Size – Number of Shares | 10425243 |
| Minimum Bid Price | 195 |
| Maximum Bid Price | 206 |
| Lot Size | 72 |
| Basis of Allotment | 26 August 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 27 August 2024 |
| Listing Date | 28 August 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Orient Technologies:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 72 | 14832 |
| Retail – Maximum | 13 | 936 | 192816 |
| sHNI – Minimum | 14 | 1008 | 207648 |
| sHNI – Maximum | 67 | 4824 | 993744 |
| bHNI – Minimum | 68 | 4896 | 1008576 |
Objective of the IPO of Orient Technologies:
Acquisition of office premise at Navi Mumbai.
Funding our Capital Expenditure requirements.
General corporate purposes.
Financials of Orient Technologies:
| Particulars | Fiscal 2024 | Fiscal 2023 | Fiscal 2022 |
|---|---|---|---|
| Equity Share Capital | 358.17 | 175.00 | 175.00 |
| Net Worth | 1,753.07 | 1,288.24 | 941.05 |
| Revenue from Operations | 6,028.93 | 5,351.02 | 4,674.43 |
| Profit/(Loss) for the Year/Period | 414.48 | 382.98 | 334.93 |
| Earnings/(Loss) per Equity Share | 11.80 | 10.94 | 9.57 |
| Earnings/(Loss) per Equity Share | 11.80 | 10.94 | 9.57 |
| Net Asset Value per Equity Share | 48.95 | 73.61 | 53.77 |
| Total Borrowings | 48.17 | 128.57 | 22.80 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Orient Technologies. You will receive a UPI mandate after 10:00 AM on 21 August 2024.
###1. How to apply for the IPO of Orient Technologies on Dhan?
You can apply for the IPO of Orient Technologies from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Orient Technologies be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 27 August 2024. However, you will be able to see the shares of Orient Technologies on Dhan before the market starts on the listing date which is 28 August 2024.