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Orient Technologies Limited IPO (Orient Technologies IPO) Details

Orient Technologies Limited

Orient Technologies IPO's overview

Orient Technologies IPO is a book built issue of ₹214.76 Cr (2,14,76,00,058). The issue is a combination of fresh issue of 58.25 Lakh (58,25,243) shares aggregating to ₹120.00 Cr (1,20,00,00,058) and offer for sale of 46.00 Lakh (46,00,000) shares aggregating to ₹94.76 Cr (94,76,00,000).

Orient Technologies IPO bidding started from Aug 21, 2024 and ended on Aug 23, 2024. The allotment for Orient Technologies IPO was finalized on Aug 26, 2024. The shares got listed on BSE on Aug 28, 2024.

Orient Technologies IPO price band is set at ₹195 to ₹206 per share. The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ₹14,040.

Refer to Orient Technologies IPO DRHP for detailed information.

  • IPO date

    Aug 21,2024 - Aug 23,2024

  • Listing Date

    Aug 28,2024

  • Face value

    10

  • Price Band

    195 to ₹206 per share

  • Lot

    72 Shares

  • Total Issue Size

    1.04 Cr (1,04,25,243)

    aggregating up to 214.76 Cr (2,14,76,00,058)

  • Fresh Issue

    58.25 Lakh (58,25,243)

    aggregating up to ₹120.00 Cr (1,20,00,00,058)

  • Offer for sale

    46.00 Lakh (46,00,000)

    aggregating up to ₹94.76 Cr (94,76,00,000)

  • Issue Type

    Book Building

  • IPO Type

    Main Board
  • Listing At

    BSE

  • Wed, Aug 21, 2024

    IPO Open

  • Fri, Aug 23, 2024

    IPO Close

  • Mon, Aug 26, 2024

    Basis of Allotment

  • Tue, Aug 27, 2024

    Initiation of Refunds

  • Tue, Aug 27, 2024

    Credit of Shares to Demat

  • Wed, Aug 28, 2024

    Listing

Orient Technologies IPO Day-wise IPO GMP Trend

Orient Technologies IPO last GMP is ₹87, last updated Aug 27,2024. With the price band of 206.00, Orient Technologies IPO's estimated listing price is ₹293 (cap price + today's GMP).The expected percentage gain/loss per share is 42.23%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
27-Aug-24206.0087
293(42.23%)27-Aug-2024 17:00
26-Aug-24206.0082
288(39.81%)26-Aug-2024 23:31
25-Aug-24206.0082
288(39.81%)25-Aug-2024 23:26
24-Aug-24206.0082
288(39.81%)24-Aug-2024 23:32
23-Aug-24206.0082
288(39.81%)23-Aug-2024 23:30
22-Aug-24206.0070
276(33.98%)22-Aug-2024 23:23
21-Aug-24206.0070
276(33.98%)21-Aug-2024 23:29
20-Aug-24206.0030
236(14.56%)20-Aug-2024 23:24
19-Aug-24206.0055
261(26.70%)19-Aug-2024 23:24
18-Aug-24206.0055
261(26.70%)18-Aug-2024 23:31
17-Aug-24206.000
206(0.00%)17-Aug-2024 23:30
16-Aug-24206.000
206(0.00%)16-Aug-2024 23:29
15-Aug-24206.000
206(0.00%)15-Aug-2024 23:28
14-Aug-240
(0.00%)14-Aug-2024 06:04
13-Aug-240
(0.00%)13-Aug-2024 06:03
12-Aug-240
(0.00%)12-Aug-2024 06:03
11-Aug-240
(0.00%)11-Aug-2024 06:03
10-Aug-240
(0.00%)10-Aug-2024 06:03
09-Aug-240
(0.00%)9-Aug-2024 18:32

About Orient Technologies Limited

Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals.

These areas are outlined below:

IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;

IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and

Cloud and Data Management Services: Services include migration of workload from data centres to cloud.

The company's wide range of customized offerings and its ability to tailor solutions to meet customers' specific needs have enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical.

Orient Technologies Limited, established in July 1997, is a fast-growing IT solutions provider based in Mumbai. It specializes in IT infrastructure, IT-enabled services (IteS), and cloud and data management services.

The clientele of the company includes Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank) and Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon),Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai and D'Décor Exports Private Limited (D'Décor).

The company has received the following certifications: ISO 27001:2013 for Information Security Management System, ISO 20000-1:2018 for Information Technology Services Management, ISO 9001:2015 for Quality Management System, and ISO/IEC 27001:2013 for Information Security Management System. Additionally, we have been awarded the ISO 22301:2012 certificate for our business continuity management systems and the CMMI Maturity Level 3 Certificate.

The company's corporate office is in Mumbai, Maharashtra, and sales and services offices are located in various cities in India, such as Navi Mumbai and Pune in Maharashtra, Ahmedabad, Gujarat, New Delhi, Bengaluru, Karnataka, and Chennai, Tamil Nadu.

The company has 1,388 permanent employees as of December 31,2023.

Orient Technologies IPO's documents

Orient Technologies Limited Contact Details

Orient Technologies Limited
Off No-502, 5th Floor, Akruti Star,
Central Road, MIDC, Opp. Akruti Point Central
Andheri (East), Mumbai �400093
Phone: +91 22 4292 8777
Email: [email protected]
Websitehttps://www.orientindia.in/

Orient Technologies IPO's Promoters

Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre are the promoters of the company.