Orient Technologies IPO
Orient Technologies IPO — date, price band, lot size & details 2024
Orient Technologies listed on 28 Aug 2024 at ₹288, 39.8% above the ₹206 issue price.
Orient Technologies is a Mumbai-based IT solutions provider offering IT infrastructure, IT-enabled services and cloud and data management services. Its total income was Rs 606.86 crore in FY2024.
Stock price
Orient Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 21 Aug 2024
- Close 23 Aug 2024
- Allotment 26 Aug 2024
- Refund/credit 27 Aug 2024
- Listing 28 Aug 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Aug, 2024 |
|---|---|
| Price Band | ₹195 – ₹206 |
| Face Value | ₹10 |
| Lot Size | 72 Shares |
| Issue Size | ₹214.76 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,832 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 72 shares at the ₹206 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 72 | ₹14,832 |
| Retail (max) | 13 | 936 | ₹1,92,816 |
| S-HNI (min) | 14 | 1,008 | ₹2,07,648 |
| S-HNI (max) | 67 | 4,824 | ₹9,93,744 |
| B-HNI (min) | 68 | 4,896 | ₹10,08,576 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 469.12 crore in FY2022 to Rs 606.86 crore in FY2024.
- 02Profit after tax rose from Rs 33.49 crore in FY2022 to Rs 41.45 crore in FY2024.
- 03Borrowing was low at Rs 4.82 crore on 31 March 2024.
- 04The pre-issue P/E was 17.8 at the upper band of Rs 206, based on EPS of Rs 11.57.
- 05The source puts return on net worth at 23.64%.
Risks · 5
- 01Margins are thin, and the source puts the PAT margin at 6.87%.
- 02IT hardware resale depends on vendor partnerships and client capex across its 3 verticals.
- 03Profit growth was slow, from Rs 38.30 crore in FY2023 to Rs 41.45 crore in FY2024.
- 04Rs 94.76 crore of the issue was offer for sale by the promoters.
- 05Promoters and the promoter group held 97.96% before the issue and 73.21% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Orient Technologies offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 |
| Total Income | 606.86 | 542.01 | 469.12 |
| Profit After Tax | 41.45 | 38.30 | 33.49 |
| NET Worth | 175.31 | 128.82 | 94.11 |
| Total Borrowing | 4.82 | 12.86 | 2.28 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Orient Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Orient Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹11.57 | ₹9.95 |
| P/E Ratio (x) | 17.80 | 20.70 |
| Market Cap at Offer Price (₹ Cr) | ₹738.00 | ₹858.16 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹206 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹107.93 Cr of the issue is earmarked to named objects.
About the company
Its business verticals include IT infrastructure, IT-enabled services, and cloud and data management services. It tailors and customises its products and solutions to client needs.
Its promoters are Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre.
The IPO was Rs 214.76 crore, with Rs 120.00 crore of fresh issue and Rs 94.76 crore of offer for sale by the four promoters. Rs 79.65 crore was planned for capital expenditure and Rs 10.35 crore for an office in Navi Mumbai.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Elara Capital (India) Pvt. Ltd
3 issues handledBest listing: Dharmaj Crop Guard (+12.3%). Weakest: Manoj Vaibhav Gems 'N' Jewellers (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Orient Technologies?
The current Grey Market Premium is ₹91, or 44% over the issue price.
What is the Orient Technologies IPO price band?
₹195 to ₹206, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 August 2024, with listing on 28 August 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
