IPO Overview
Orient Technologies IPO is a book-built issue worth ₹214.76 crores. It includes a fresh issue of ₹120 crores and an offer for sale of ₹94.76 crores.
Key IPO Details
Opens: August 21, 2024 | Closes: August 23, 2024 | Listing Date: August 28, 2024. Price Band: ₹195 - ₹206 per share. Minimum Lot Size: 72 Shares.
IPO Reservation and Allocation
Up to 50% | Retail Investors: At least 35% | NII (HNI): At least 15%. Minimum investment for retail: ₹14,832.
Company Overview
Founded in 1997, Orient Technologies provides IT infrastructure, IT-enabled services, and cloud data management. Headquartered in Mumbai, serving major clients like Coal India and D'Décor.
Financial Highlights
FY 2024 Revenue: ₹606.86 Cr | PAT: ₹41.45 Cr | ROE: 27.26%. The company saw revenue growth of 12% and PAT growth of 8% year-over-year.
IPO Objectives
Proceeds will fund acquisition of office property in Navi Mumbai, capital expenditure for NOC and SOC, and general corporate purposes.