Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Orient Technologies IPO
Orient Technologies Ltd
₹14,040 /72 sharesMinimum Investment
Orient Technologies IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 21 Aug ‘24 - 23 Aug ‘24 | ₹14,040 | 72 | ₹195 - ₹206 |
| Issue Size | IPO Doc |
|---|---|
| 214.76Cr | RHP PDF |
Subscription rate
As of 23 Aug'24, 05:00 PM
| Qualified Institutional Buyers | 189.90x |
| Non-Institutional Investor | 300.04x |
| Retail Individual Investor | 65.24x |
| Total | 150.77x |
About Orient Technologies
Founded in
1997
Managing director
Mr. Ajay B Sawant
Parent organisation
Orient Technologies Ltd
Strengths & Financials of Orient Technologies
Strengths
Risks
The company holds ISO certifications, namely ISO 27001:2013 and ISO/IEC 27001:2013 for Information Security Management, ISO 20000-1:2018 for IT Services Management, ISO 9001:2015 for Quality Management, ISO 22301:2012 for Business Continuity Management, and a CMMI Maturity Level 3 Certificate.
Recently, Orient Technologies introduced device-as-a-service (DaaS) to its product portfolio. The model provides customers with hardware like desktops, laptops, tablets, printers, scanners, smartphones, and servers, bundled with software and managed services, on a subscription or pay-per-use basis.
As of December 31, 2023, Orient Technologies' order book stood at Rs 92.76 crore.
Orient Technologies has relationships with prominent clients, including Coal India, Mazagon Dock, D’Décor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, VJS Bank, VKS Bank, and the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai.
The company's operational revenue has grown steadily over the years, rising from Rs 247.33 crore in FY21 to Rs 467.44 crore in FY22 and Rs 535.10 crore in FY23. Similarly, the profit after tax (PAT) too increased from Rs 0.13 crore in FY21 to Rs 33.49 crore in FY22 and further to Rs 38.30 crore in FY23.
Orient Technologies is significantly dependent on its top 10 customers for revenue from operations. In FY21, FY22, and FY23, they contributed 25.91%, 39.10%, and 32.34% of the company’s total revenue from operations, respectively. Any loss of these customers or decrease in business from them could negatively impact the company's business prospects.
The company's revenue is generated from a limited number of industry sectors. Consequently, losing customers within these key sectors could negatively impact Orient Technologies' revenue stream.
A substantial portion of the company's orders come from government-related entities that issue contracts via a competitive tender process. Failure to secure these tenders or the necessity to reduce bid prices could adversely affect Orient Technologies' operational performance.
Orient Technologies and its promoters are involved in certain ongoing legal disputes. Any adverse judgments in these cases could negatively influence the company's business operations.
As of January 31, 2024, the company had Rs 19.45 crore of indebtedness. Any inability to service or repay these debts on time could adversely impact the company’s business prospects.
Orient Technologies Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Orient Technologies IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹195 - 206 | ₹2 Lakh |
| High Networth Individual | ₹195 - 206 | ₹2 - 5 Lakh |
For Orient Technologies IPO, eligible investors can apply as Regular.