Orient Technologies IPO: A Comprehensive Overview with Detailed Financials and Key Metrics
Orient Technologies Limited IPO
IPO Overview
Orient Technologies Limited, a leading IT solutions provider headquartered in Mumbai, Maharashtra, is set to launch its Initial Public Offering (IPO) on August 21, 2024. The IPO, a book-built issue, aims to raise ₹214.76 crores, comprising a fresh issue of 0.58 crore shares aggregating to ₹120.00 crores and an offer for sale (OFS) of 0.46 crore shares aggregating to ₹94.76 crores.
| IPO Details | Figures |
|---|---|
| IPO Date | August 21 – August 23, 2024 |
| Listing Date | August 28, 2024 |
| Price Band | ₹195 – ₹206 per share |
| Face Value | ₹10 per share |
| Lot Size | 72 shares |
| Total Issue Size | 10,425,243 shares (₹214.76 Cr) |
| Fresh Issue | 5,825,243 shares (₹120.00 Cr) |
| Offer for Sale | 4,600,000 shares (₹94.76 Cr) |
| Listing At | BSE, NSE |
IPO Reservation Details
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB | Not more than 50.00% of Net Offer | TBD |
| Retail | Not less than 35.00% of Offer | TBD |
| NII (HNI) | Not less than 15.00% of Offer | TBD |
Investment Details
Retail investors can bid for a minimum of 72 shares, translating to an investment of ₹14,832. The minimum lot size for sNII is 1,008 shares (14 lots), requiring an investment of ₹207,648, while bNII needs a minimum of 4,896 shares (68 lots), amounting to ₹1,008,576.
| Investor Type | Minimum Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail | 1 | 72 | ₹14,832 |
| sNII | 14 | 1,008 | ₹207,648 |
| bNII | 68 | 4,896 | ₹1,008,576 |
Company Background
| Company Information | Details |
|---|---|
| Incorporation | July 1997 |
| Headquarters | Mumbai, Maharashtra |
| Employees | 1,482 (as of June 30, 2024) |
| Certifications | ISO 27001:2013, ISO 20000-1:2018, ISO 9001:2015, CMMI Maturity Level 3 |
Financial Performance
Orient Technologies has demonstrated robust financial growth, with a 12% increase in revenue and an 8% rise in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2024. The company’s assets have grown significantly, with total assets standing at ₹311.14 crores as of March 31, 2024.
| Financial Metrics (₹ Cr) | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 | 112.45 |
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 |
| Profit After Tax | 41.45 | 38.3 | 33.49 | 0.13 |
| Net Worth | 175.31 | 128.82 | 94.11 | 61.29 |
| Reserves and Surplus | 138.79 | 111.32 | 76.61 | 44.79 |
| Total Borrowing | 4.82 | 12.86 | 2.28 | 9.22 |
Key Performance Indicators (KPIs)
| KPI | Values |
|---|---|
| Market Capitalization | ₹857.82 Cr |
| ROE | 27.26% |
| ROCE | 28.42% |
| RoNW | 23.64% |
| P/BV | 4.21x |
| PAT Margin (%) | 6.87% |
| Pre-IPO EPS | ₹11.57 |
| Post-IPO EPS | ₹9.95 |
| Pre-IPO P/E (x) | 17.8x |
| Post-IPO P/E (x) | 20.7x |
Use of Proceeds
The net proceeds from the IPO will be utilized for the acquisition of office premises in Navi Mumbai, capital expenditure on setting up a Network Operating Centre (NOC) and Security Operation Centre (SOC), and for general corporate purposes.
Conclusion
Orient Technologies’ IPO presents a strong investment opportunity, supported by the company’s impressive financial performance, extensive market experience, and robust growth prospects. Investors looking for exposure in the IT sector may find this IPO particularly attractive, given the company’s strategic expansion plans and the increasing demand for IT solutions in India.
For detailed information, refer to the Orient Technologies IPO RHP.
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