Orient Technologies IPO

Orient Technologies Ltd

₹14,040 /72 sharesMinimum Investment

Orient Technologies IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹206.00₹288.00₹82.00 (39.81%)

Orient Technologies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Aug ‘24 - 23 Aug ‘24₹14,04072₹195 - ₹206
Issue SizeIPO Doc
214.76Cr
RHP PDF

Subscription rate

As of 23 Aug'24, 05:00 PM
Qualified Institutional Buyers189.90x
Non-Institutional Investor300.04x
Retail Individual Investor65.24x
Total150.77x

About Orient Technologies

Orient Technologies is an information technology (IT) solutions provider based in Mumbai, Maharashtra. The company offers products and services across various business verticals. These include IT infrastructure, where it provides data centre solutions (DCS) and end-user computing (EUC); IT-enabled services (ITeS), which encompass managed services that include monitoring, maintaining, and supporting IT systems, along with backup and disaster recovery services; multi-vendor support services, IT facility management services, network operations centre services, security services, and licence renewals; and cloud and data management services, which involve migrating workloads from data centers to the cloud. The company’s cloud and data management services extend to infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), software-as-a-service (SaaS), function-as-a-service (FaaS), database-as-a-service (DBaaS), storage-as-a-service, content delivery network services, etc.;
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 Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Orient Technologies IPO

Apply asPrice bandApply upto
Regular195 - 206₹2 Lakh
High Networth Individual195 - 206₹2 - 5 Lakh
For Orient Technologies IPO, eligible investors can apply as Regular.
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