₹ 14832
₹195- ₹206
72
₹288
39
23 Aug 2024
Download27 Aug 2024
28 Aug 2024
Application Details
Orient Technologies is launching its IPO from August 21 to August 23, 2024, with a price band set between ₹195 to ₹206 per share. The IPO comprises a total issue size of 10,425,243 shares, amounting to ₹214.76 crore, including a fresh issue of 5,825,243 shares valued at ₹120.00 crore and an offer for sale of 4,600,000 shares totalling ₹94.76 crores. Each share has a face value of ₹10, and the minimum lot size is 72 shares.
Important dates to note include the IPO closing on August 23, with the basis of allotment scheduled for August 26, 2024. Refunds will be initiated on August 27, 2024, and the listing of Orient Technologies shares is planned for Wednesday, August 28, 2024.
For retail investors, the minimum application size is 72 shares at an investment of ₹14,832. The maximum application size allowed is 936 shares, which amounts to ₹1,92,816.
About Orient Technologies Limited
Company Overview
Incorporated on July 4, 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive expertise to create specialized products and solutions across its business verticals. Orient Technologies Limited offers a broad portfolio of IT solutions and services, with its operations extending to various cities across India. Orient Technologies Limited’s additional sales and service offices are located in Navi Mumbai, Pune, Ahmedabad, New Delhi, Bengaluru, and Chennai.
Business Verticals
1. IT Infrastructure: Orient Technologies Limited provides a range of IT infrastructure products and solutions, including:
- Data Centre Solutions: Servers, storage, active and passive networking components (switches, routers, access points), collaboration solutions (CCTV and transmission of feeds, virtual conferences), and security solutions.
- End-User Computing: Desktop management, end-user support, and mobile device management.
2. IT Enabled Services (IteS): The company’s IT-enabled services include:
- Managed Services
- Multi-Vendor Support Services
- IT Facility Management Services
- Network Operations Centre Services
- Security Services
3. Cloud and Data Management Services: Orient Technologies Limited specializes in migrating workloads from data centres to the cloud, ensuring efficient data management and scalable cloud solutions.
Clientele
Orient Technologies Limited’s ability to deliver customized solutions has garnered it a distinguished clientele across various sectors. The company serves leading public and private sector entities in industries such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare. Notable clients include Bluechip Corporate Investment Centre, Tradebulls Securities, Vasai Janata Sahakari Bank, Vasai Vikas Sahakari Bank, Integreon Managed Solutions, Coal India, Mazagon Dock Shipbuilders, GST Mahavikas (Joint Commissioner of Sales Tax), and D’Décor Exports.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.