ORIENT TECHNOLOGIES LIMITED

21 Aug 2024 - 23 Aug 2024 Individual Category Main Board BSE NSE

Min Investment

₹14832

Price Band

₹195-₹206

Issue Size

74.5 lakhs
Equity Shares

Lot Size

72

IPO Dates
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21 Aug 2024

Open Date

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23 Aug 2024

Close Date

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26 Aug 2024

Allotment Date

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28 Aug 2024

Listing Date

Orient Technologies IPO is open for subscription starting Wednesday, August 21, 2024 and closing on Friday, August 23, 2024. The price of this upcoming IPO is decided at Rs 195 to Rs 206 per share.  The minimum lot size for the retail category is 72 shares. The minimum lot size for small NII is 14 lots consisting of 1008 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4,896 shares.  The minimum investment required for retail category investors is Rs 14,832 (206 x 72 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,648 (206 x 1008 shares); for big non-institutional investors, it is Rs 10,08,576 (206 x 4,896 shares).  Orient Technologies IPO is a book-built issue of Rs 214.76 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 0.58 crore equity shares amounting to Rs 120 crores. The offer-for-sale is of 0.46 crore equity shares amounting to Rs 94.76 crores.  The allotment for this IPO is expected to be finalised on Monday, August 26, 2024.  Orient Technologies Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Wednesday, August 28, 2024.  Elara Capital India Private Limited is the book-running lead manager of Orient Technologies Limited. Link Intime India Private Limited is the registrar for this new IPO.

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About Orient Technologies Limited

Orient Technologies Limited, incorporated in 1997, is an IT solutions provider headquartered in Mumbai. The company works in three areas: IT infrastructure, IT-enabled services, and Cloud and Data Management Services.   Orient Technologie offers a range of customized offerings, and its ability to tailor solutions to meet customers' specific needs has enabled it to attract prominent clients across various industries. They serve leading public and private sector entities in diverse customer industries, such as banking, financial services, insurance, IT, ITeS, and pharmaceutical. The company's client base includes big names like Bluechip Corporate Investment Centre Private Limited, Tradebulls Securities Private Limited, Vasai Janata Sahakari Bank Limited and Vasai Vikas Sahakari Bank Limited, Integreon Managed Solutions, Coal India, Mazagon Dock Shipbuilders Limited, Joint Commissioner of Sales Tax, Mumbai, and D'Décor Exports Private Limited. Currently, the company has a team of 1,482 permanent employees. 

Founded

1997

Managing Director

Ajay Baliram Sawant

Parent Organization

IPO Objectives

The funds will be used to acquire office premises at Navi Mumbai. The remaining will be allocated for capital expenditure requirements, such as purchasing equipment for setting up NOC and SOC. Additionally, the funds will also fulfil general corporate purposes. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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