Orient Technologies IPO Date: Everything You Need to Know About the Upcoming Issue

Orient Technologies IPO Date: Orient Technologies, a prominent player in the IT solutions space, is gearing up for its Initial Public Offering (IPO) scheduled from August 21 to August 23, 2024. This IPO marks a significant milestone for the company, known for its extensive range of technology solutions and robust client base. Here’s a detailed look at the key aspects of the Orient Technologies IPO, including its financial performance, valuation metrics, and what investors can expect.

Orient Technologies IPO Details: Key Information

• IPO Dates: August 21 – August 23, 2024
• Issue Price: To be announced
• Fresh Issue Size: INR 120 crore
• Offer For Sale: 46,00,000 shares
• Total IPO Size: To be announced
• Face Value: INR 10 per share
• Retail Allocation: 35%
• Listing On: NSE, BSE

The IPO will allow Orient Technologies to raise funds through a fresh issue of shares worth INR 120 crore and an offer for sale of 46 lakh shares. The exact price band and lot size are expected to be announced closer to the opening date.

Company Overview: Expertise and Clientele

Founded in 1997, Orient Technologies is a well-established IT solutions provider. The company offers a wide range of services across several business verticals, including:

• IT Infrastructure: Specializing in Data Centre Solutions and End-User Computing.
• IT Enabled Services (IteS): Providing Managed Services, Multi-Vendor Support, IT Facility Management, Network Operations, Security Services, and Renewals.
• Cloud and Data Management Services: Focused on migrating workloads from data centers to the cloud.

As of December 31, 2023, Orient Technologies had an order book worth INR 92.75 crore. The company’s diverse clientele includes major names such as Coal India, Mazagon Dock, D’Décor, and Jyothy Labs.

Financial Performance and Valuations

Here’s a snapshot of Orient Technologies’ financial performance over recent years:

• Revenue:
  • FY 2021: INR 247.34 crore
  • FY 2022: INR 467.44 crore
  • FY 2023: INR 535.10 crore
  • H1 FY 2024: INR 266.31 crore
• Net Income:
  • FY 2021: INR 0.13 crore
  • FY 2022: INR 33.49 crore
  • FY 2023: INR 38.30 crore
  • H1 FY 2024: INR 16.40 crore
• EPS:
  • FY 2021: 0.04
  • FY 2022: 9.57
  • FY 2023: 10.94
  • H1 FY 2024: 4.68
• ROCE:
  • FY 2021: 0.94%
  • FY 2022: 45.25%
  • FY 2023: 31.45%

The IPO’s valuation metrics and financial ratios, including the PE Ratio, are pending until the issue price is finalized.

IPO Objectives

The funds raised from the IPO will be used for several key purposes:

• Capital Expenditure: INR 79.65 crore
• Acquisition of Office Premises: INR 10.35 crore
• General Corporate Purposes

IPO Subscription and Allotment Status

The subscription status and allotment details will be updated on Link Intime’s website. Investors can check the status and allotment results once available.

Comparison with Listed Peers

Orient Technologies’ financial metrics will be compared with those of its listed peers, such as Dynacons Systems & Solutions, HCL Technologies, and Wipro. Key comparisons include:

• PE Ratio: Not yet available
• EPS: Orient Technologies – 10.94, Dynacons Systems – 27.70, HCL Technologies – 54.79
• NAV: Orient Technologies – 73.61, Wipro – 141.63

IPO Listing Performance and Reviews

The IPO will be listed on NSE and BSE on August 28, 2024. The opening and closing prices will be updated post-listing. Reviews from various analysts and brokerage firms will also be available, helping potential investors decide whether to subscribe or avoid the issue.

Conclusion

The Orient Technologies IPO presents an opportunity to invest in a well-established IT solutions provider poised for growth. With a diverse service portfolio and a strong client base, the company’s debut on the stock exchange is anticipated to attract significant interest. Investors should keep an eye on the final issue price, GMP trends, and expert reviews as they prepare to make informed investment decisions.