Orient Technologies Limited IPO
Introduction to Orient Technologies Limited
Incorporated in July 1997, Orient Technologies Limited is a rapidly growing IT solutions provider headquartered in Mumbai, Maharashtra. With over two decades of experience, the company has developed a deep understanding of IT infrastructure, IT-enabled services (IteS), and cloud and data management. These capabilities allow Orient Technologies to offer tailored solutions that cater to the unique needs of its diverse clientele.
Business Vertical Overview
Orient Technologies operates across three primary business verticals:
IT Infrastructure: The company offers comprehensive solutions including Data Centre Solutions and End-User Computing, catering to the growing needs of organizations for robust and scalable IT infrastructure.
IT Enabled Services (IteS): Their IteS offerings include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals. These services are designed to optimize IT operations and ensure seamless business continuity for clients.
Cloud and Data Management Services: In an era where cloud computing is becoming essential, Orient Technologies specializes in the migration of workloads from traditional data centres to the cloud, helping businesses modernize and scale their operations.
Clientele and Industry Reach
Orient Technologies serves an impressive roster of clients across various industries. These include prominent public and private sector entities in banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical sectors.
Geographic Presence
With its corporate office in Mumbai, Orient Technologies has expanded its sales and services footprint across India. They have offices in key cities such as Navi Mumbai, Pune (Maharashtra), Ahmedabad (Gujarat), New Delhi, Bengaluru (Karnataka), and Chennai (Tamil Nadu).
Objects of the Issue
The IPO proceeds will be utilized for the following purposes:
Acquisition of Office Premise: The company aims to expand its physical infrastructure by acquiring new office premises.
Funding Capital Expenditure Requirements: A portion of the funds will be allocated towards capital expenditure to support the company’s growth and expansion plans.
General Corporate Purposes: The remaining funds will be used for general corporate purposes to strengthen the company’s financial position.
Promoter Holding
The promoters of Orient Technologies Limited include Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah, and Ujwal Arvind Mhatre. The shareholding pattern is as follows:
Pre-Issue Shareholding: 97.96%
Post-Issue Shareholding: 73.21%
Orient Technologies IPO: Key Details
IPO Dates: 21 to 23 August, 2024
Price Band : ₹195 to ₹206 per share
Lot Size: 72 shares
Total Issue size: ₹214.76 Crores
Retail Quota: 35%
GMP: +25% (For Informational purposes only)
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matters published here are purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader making decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.