Orient Technologies IPO Date, Review, Price, and Allotment Details: A Comprehensive Guide

Orient Technologies IPO Date: Orient Technologies, an established player in the IT solutions sector, is gearing up for its Initial Public Offering (IPO) set to launch on August 21, 2024. This upcoming IPO has garnered significant attention due to the company’s robust growth trajectory and its diverse range of technology services. Here’s everything you need to know about the Orient Technologies IPO, including key dates, pricing, allotment details, and expert reviews.

IPO Schedule and Key Dates

• IPO Open Date: August 21, 2024
• IPO Close Date: August 23, 2024
• Basis of Allotment: August 26, 2024
• Refunds Initiated: August 27, 2024
• Credit of Shares to Demat Account: August 27, 2024
• IPO Listing Date: August 28, 2024

The Orient Technologies IPO will be listed on both BSE and NSE, providing investors with ample opportunities to participate in this promising public offering.

IPO Size and Structure

• Total IPO Size: Approx ₹[.] Crores
• Fresh Issue: Approx ₹120 Crores
• Offer for Sale: Up to 4,600,000 Equity Shares
• Face Value: ₹10 Per Equity Share
• Price Band: ₹[.] to ₹[.] Per Share

The IPO comprises a fresh issue of ₹120 crores and an offer for sale of up to 4.6 million equity shares. The retail investor quota is set at 35%, Qualified Institutional Buyers (QIB) at 50%, and Non-Institutional Investors (NII) at 15%.

Objects of the Issue

The proceeds from the IPO will be utilized for:

1. Acquisition of Office Premises: Purchase of office space at Navi Mumbai, including units 1201, 1202, 1203, and 1204 at Plutonium Business Park.
2. Capital Expenditure: Setting up a Network Operating Centre (NOC) and Security Operation Centre (SOC) and acquiring equipment for Devise-as-a-Service (DaaS) offerings.
3. General Corporate Purposes

Financial Performance Overview

Valuation Metrics

• Earnings Per Share (EPS): ₹10.94 per share
• Return on Net Worth (RoNW): 29.73%
• Net Asset Value (NAV): ₹73.61 per share

The company’s strong financials reflect its solid market position and operational efficiency.

How to Check IPO Allotment Status

To check the allotment status for Orient Technologies IPO, follow these steps:

1. Log in to Angel One or your preferred brokerage app.
2. Navigate to the IPO section and select the IPO you applied for.
3. Check the allocation status.
4. You will receive an email and a push notification regarding your allotment status.

IPO Review: Should You Subscribe?

Pros:

• Strong Market Position: Orient Technologies has established itself as a significant player in the IT solutions space with a diverse clientele.
• Growth Potential: With a focus on cutting-edge IT infrastructure, cloud services, and data management, the company is well-positioned to capitalize on growing market demands.
• Solid Financials: The company’s steady revenue growth and strong profitability metrics are attractive to investors.

Cons:

• Competitive Industry: The IT services sector is highly competitive, and continuous innovation is required to maintain a leading edge.
• Pricing Uncertainty: The final pricing of the IPO is crucial; ensure it aligns with industry norms before making an investment decision.

Brokerage Reviews:

• Capital Market: To be updated soon.
• Religare Broking: To be updated soon.
• Hem Securities: To be updated soon.
• Arihant Capital: To be updated soon.

Conclusion

The Orient Technologies IPO offers a promising investment opportunity for those looking to gain exposure to a leading IT solutions provider. With a robust growth trajectory, strong financial health, and significant market presence, this IPO is worth considering. However, potential investors should remain cautious and evaluate the final price band and market conditions before making investment decisions.

For further details and updates, keep an eye on the official IPO announcements and brokerage reviews.