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Orient Technologies IPO
Orient Technologies Ltd
₹14,040 /72 sharesMinimum investment
IPO details
Minimum investment
₹14,040
Price range
₹195 - ₹206
Lot size
72
Issue size
214.76 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers189.90x
Non-Institutional Investor300.04x
Retail Individual Investor65.24x
Total150.77x
As of 23 Aug'24, 05:00 PM
Schedule
21 Aug 2024
IPO open date
23 Aug 2024
IPO close date
26 Aug 2024
Allotment date
26 Aug 2024
Funds unblock or debit
28 Aug 2024
Tentative listing date
About
Founded in
1997
MD/CEO
Mr. Ajay B Sawant
Parent organisation
Orient Technologies Ltd
Orient Technologies Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Orient Technologies IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹195 - ₹206 | Upto ₹2 Lakhs | 72 |
| High Networth Individual | ₹195 - ₹206 | ₹2 - ₹5 Lakhs | 72 |