Orient Technologies IPO

Orient Technologies INR 214.76 Cr IPO includes a fresh issue of INR 120 Cr. Funds will be used for office premises, capital expenditure, and corporate needs.

Important Details

Open Date : August 21, 2024 Close Date : August 23, 2024 Allotment Date: August 26, 2024 Listing Date: August 28, 2024

Important Details

IPO Price: INR 195 – 206 per share Lot Size: 72 Shares Total Issue Size: INR 214.76 crores

Fundamental Analysis

Orient Technologies IPO shows mixed performance: 1. Revenue grew YoY. 2. Profits, EPS, and RoNW declined. 3. Assets grew; liquidity improved. 4. Inventory turnover slowed. 5. Investor concerns over declining profitability.

Peer Comparison

1. Orient Technologies operates standalone. 2. Competes with larger peers like HCL and Wipro. 3. Competitors differ in size, earnings, and profitability.

Objective

Orient Technologies IPO Objective: 1. Acquire office premises in Navi Mumbai. 2. Fund capital expenditures for Network and Security Operation Centres. 3. Launch Device-as-a-Service offerings.

Risks And Challenges

Orient Technologies IPO Risks: 1. Risk from losing top customers. 2. Revenue affected by key industry conditions. 3. Reliance on few vendors impacts stability.