Orient Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹206
Per ShareLot Size
72 Shares
Minimum Investment
₹14,832
Issue Size
₹214.76 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Orient Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.96%
Issue Type
Book Building
ISIN
INE0PPK01015
About the Company
Orient Technologies Limited is an information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years the company has built deep expertise to develop products and solutions for specialised disciplines across its business verticals inter alia IT Infrastructure; IT Enabled Services (ITeS); and Cloud and Data Management Services. A key facet of its product and service offerings is its ability to tailor and customise its offerings to the specific needs of its customers. Its collaboration with its technology partners heightens its ability to design and innovate products and provide solutions tailored to specific customer requirements.
Industry Overview
IT-enabled services (ITeS) encompass a broad spectrum of services that leverage information technology for providing services with the help of internet. Between CY2019 to CY2023, the IT industry has seen a growth of 5.6% CAGR. Sectoral volumes are expected to be driven by the banking, financial services, and insurance (BFSI) and telecom sectors. In fiscal 2025, a growth rate of 6-8% is expected as the volume of CRM will shoot up. The domestic revenue of information technology-enabled services (ITeS) companies is estimated to grow at a CAGR of 6-8% between Fiscals 2024 and 2027, driven by an increase in volumes due to digitization, to reach approximately Rs 430-460 billion by Fiscal 2027. The Indian IT Services forms approximately 53% of the total Indian IT revenue as of FY 2024.
Company History
Orient Technologies Limited was originally incorporated as `Orient Technologies Private Limited', at Mumbai as a private limited company under the provisions of Companies Act, 1956 and received a certificate of incorporation issued by the RoC on July 04, 1997. The Company got converted into a public limited company pursuant to a special resolution passed by the Shareholders of the Company on August 25, 2023 and the name of the Company was changed to its present name, `Orient Technologies Limited', pursuant to a fresh certificate of incorporation issued by the RoC on October 12, 2023.
Products & Services
- Orient Technologies Limited is an information technology (IT) solutions provider.
Growth Strategy
- Expanding and augmenting its product and services portfolio.
- Expanding its geographic footprint.
- Investing in the growth of its employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 10,425,242 equity shares of face value of Rs. 10 each (Equity Shares) of Orient Technologies Limited (Company) for cash at a price of Rs. 206 per equity share (including a share premium of Rs. 196 per equity share) (Offer Price) aggregating Rs. 214.76 crores (Offer) comprising a fresh issue of 5,825,242 equity shares aggregating Rs. 120.00 crores by the company (Fresh Issue) and an offer for sale of 4,600,000 equity shares aggregating Rs. 97.46 crores by the selling shareholders (Offer for Sale) comprising 1,150,000 equity shares aggregating Rs. 23.69 crores by Ajay Baliram Sawant, 1,150,000 equity shares aggregating Rs. 23.69 crores by Umesh Navnitlal Shah, 1,150,000 equity shares aggregating Rs. 23.69 crores by Ujwal Arvind Mhatre and 1,150,000 equity shares aggregating Rs. 23.69 crores by Jayesh Manharlal Shah (each, a promoter selling shareholder, and together the selling shareholders, and such equity shares, the offered shares). The offer constitutes 25.04 % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 20.6 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Marquee customer base across diverse Customer Industries.
- Wide ranging and diversified IT solutions and offerings.
- Strong Promoters and Board of Directors supported by an experienced senior management team.
- Track record of financial performance.
- The company is heavily reliant on its top 10 customers, and the loss of such customers or a significant reduction in purchases by such customers will have a material adverse impact on its business.
- The company depends on few Customer Industries for majority of its revenue from operations. Loss of customers in these Customer Industries may result in an adverse effect on its business, revenue from operations and financial conditions.
- The company is heavily reliant on a few vendors/ suppliers and the company typically does not enter into long-term contracts or arrangements with its vendors. Any loss of such vendors/suppliers or any increase in the price will have a material adverse impact on its business and the company revenue.
- Its success depends on the company long-term relationship with its customers. The company does not, generally, enter into long-term contracts with its customers. Loss of one or more of its customers or reduction in their demand for the company solutions offering could adversely affect its business, results of operation and financial conditions.
- Delays or defaults in customer payments and receivables may have an adversely impact its profits and cash flows.