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IPO Status: Listed [21st Aug 2024 to 23rd Aug 2024]
Orient Technologies IPO, a Mainline IPO of ₹214.76 Cr was launced on 21-08-2024 to 23-08-2024 and the shares got listed on BSE, NSE on 28-08-2024.
The public issue of Orient Technologies IPO (ORIENTTECH,544235) was offered at ₹206.00 per share and the ipo was listed at ₹288.00. It has delivered listing gain of 39.81%.
As the minimum lot size was 72 shares, the IPO has offered Rs 5904.00 per lot return on listing.
| IPO Issue Opening Date: | 21st Aug 2024 |
| IPO Issue Closing Date: | 23rd Aug 2024 |
| IPO Issue Price: | ₹195.00-206.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹214.76 Cr |
| Offer for Sale: | ₹94.76 Cr |
| Fresh Issue: | ₹120.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.96% |
| Promoter Holding Post IPO: | 73.21% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544235 |
| NSE Code: | ORIENTTECH |
Get important updates regarding Orient Technologies IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Aug 2024 |
| Refunds Initiation* | 27th Aug 2024 |
| Credit of Shares to Demat* | 27th Aug 2024 |
| IPO Listing Date* | 28th Aug 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹195.00-206.00 |
| Market Lot: | 72 Shares |
| 1 Lot Amount: | ₹14832 |
| Min Small HNI Lots(2-10 Lakh): | 1008 shares (14 lots) - ₹207648 |
| Min Big HNI Lots(10+ Lakh): | 4896 shares (68 lots) - ₹1008576 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-08-2024 | 206.00 | 95 | 5200/72800 | ₹301 (46.12%) | 28-Aug-2024 10:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Orient Technologies Limited was founded in July 1997. The company is a fast growing Information Technology (IT) provider headquartered in Mumbai, Maharashtra. Over the years, the company has built extensive expertise in developing products and solutions for specialised disciplines in various business areas.
The company's activities include technologically advanced solutions for which it works with a number of technology partners, including Dell International Services India Private Limited (Dell), Fortinet, Inc (Fortinet) and Nutanix Netherlands B.V. (Nutanix).
Thank you to the range of customised offerings and the ability to tailor solutions specifically to the needs of customers, we have been able to win well-known customers from all industries. These include leading public and private institutions from various customer industries such as banking, financial services and insurance (BFSI), IT, IteS, healthcare/pharma (Customer Industries).
| Incorporation | Sector | IPO Issue Size | Website |
| 1997 | Computers - Software & Consulting | ₹214.76 Cr | https://www.orientindia.in/ |
The Company proposes to utilize the Net Proceeds towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,085,049 (28.57%) | 1,563,786 (21.43%) | 3,648,835 (50%) | 7,297,670 | |
| 1 | 21st Aug 2024 19:04 | 0.02x | 6.44x | 11.21x | 6.99x |
| 2 | 22nd Aug 2024 19:04 | 0.16x | 21.75x | 25.62x | 17.51x |
| 3 | 23rd Aug 2024 18:21 | 188.79x | 310.03x | 68.93x | 154.84x |
Orient Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 311.14 | 215.25 | 176.32 | 112.45 | ||||||||||||||||||||||||||||||||||||
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 41.45 | 38.3 | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Orient Technologies Limited | 11.8 | 11.8 | 48.95 | 23.64 | Standalone | |
| Dynacons Systems & Solutions Ltd. | 42.41 | 42.37 | 124.02 | 29.47 | 34.13 | Consolidated |
| Hcl Technologies Ltd. | 57.99 | 57.86 | 251.58 | 26.93 | 23.01 | Consolidated |
| Wipro Ltd. | 20.89 | 20.82 | 143.77 | 23.39 | 14.79 | Consolidated |
| LTIMindtree Limited | 154.85 | 154.48 | 676.19 | 34.56 | 22.89 | Consolidated |
| Allied Digital Services Ltd. | 8.29 | 8.07 | 111.93 | 26.05 | 7.41 | Consolidated |
| Dev Information Technology Limited | 4.19 | 4.18 | 25.92 | 29.01 | 16.26 | Consolidated |
| Tech Mahindra Ltd. | 26.66 | 26.58 | 277.93 | 55.17 | 8.83 | Consolidated |
| Silicon Rental Solutions Ltd | 12.56 | 61.14 | 14.41 | 20.54 | Standalone |
Last Updated on 01-Sep-2024 07:03:17
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Orient Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Orient Technologies IPO with Zerodha.
Alternate approch to apply in Orient Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Orient Technologies IPO Review and Important Updates
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To subscribe or apply in Orient Technologies IPO, you can use the following methods:
| Orient Technologies IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Orient Technologies IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Orient Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Orient Technologies IPO. Most of the Syndicate Banks provide access to apply in Orient Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Orient Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Orient Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Orient Technologies IPO Review and Important Updates
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Applying in Orient Technologies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Orient Technologies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Orient Technologies IPO, please refer article >> Link
Orient Technologies IPO Review and Important Updates
Steps to download the online application form for Orient Technologies IPO
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Orient Technologies IPO is going to be list on 28-08-2024. NSE Code for Orient Technologies is ORIENTTECH. BSE Code for Orient Technologies is 544235.
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Orient Technologies IPO Allotment Date is 26-08-2024.
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