Orient Technologies IPO

Last Updated: 30 August 2024 10:37 AM by 5Paisa

Last Updated: 23rd August 2024, 06:25 PM by 5paisa

Orient Technologies IPO is set to open on 21 August 2024 and will close on 23 August 2024. The company is a rapidly growing IT solutions provider headquartered in Mumbai, Maharashtra.

The IPO includes a fresh issue of 58,25,243 shares aggregating up to ₹120 Cr and it also includes an offer for sale of 46,00,000 shares aggregating up to ₹94.76 Cr. The price range is ₹195 to ₹206 per share and the lot size is 72 shares. 

The allotment is scheduled to be finalized on 26 August 2024. It will go public on BSE and NSE, with a tentative listing date of 28 August 2024.

Elara Capital (India) Private Ltd is the book-running lead manager, while Link Intime India Private Ltd is the registrar. 

1. Acquisition of office premise at Navi Mumbai.
2. Funding capital expenditure requirements for:
● Purchase of equipment for setting up of Network Operating Centre (NOC) and Security Operation Centre (SOC) at Navi Mumbai Property.
● Purchase of equipment and devices to offer Devise-as-a-Service (DaaS)offering.
3. General corporate purposes.

Orient Technologies Limited, established in July 1997, is a rapidly growing IT solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive expertise in crafting products and solutions tailored to the specific needs of its business verticals. 

These verticals include IT Infrastructure, which offers Data Centre Solutions and End-User Computing; IT-Enabled Services (IteS), providing Managed Services, Multi-Vendor Support, IT Facility Management, Network Operations Centre, Security Services, and Renewals; and Cloud and Data Management Services, specializing in the migration of workloads from data centers to the cloud.

With a wide range of customized offerings and the ability to tailor solutions to meet individual customer requirements, Orient Technologies Limited has successfully attracted a diverse clientele across various industries. 

The company serves prominent public and private sector entities in sectors such as banking, financial services, insurance (BFSI), IT, ITeS, and healthcare/pharmaceutical. Some of the notable clients include Bluechip Corporate Investment Centre Private Limited (Bluechip), Tradebulls Securities Private Limited (Tradebulls), Vasai Janata Sahakari Bank Limited (VJS Bank), Vasai Vikas Sahakari Bank Limited (VKS Bank), Integreon Managed Solutions India Private Limited (Integreon), Coal India Limited (Coal India), Mazagon Dock Shipbuilders Limited (Mazagon Dock), the Joint Commissioner of Sales Tax (GST Mahavikas), Mumbai, and D'Décor Exports Private Limited (D'Décor).

Orient Technologies Limited has earned several prestigious certifications that underscore its commitment to quality and security. These include ISO 27001:2013 for Information Security Management, ISO 20000-1:2018 for IT Service Management, ISO 9001:2015 for Quality Management, and ISO/IEC 27001:2013 for Information Security Management. 

Additionally, the company has been awarded the ISO 22301:2012 certification for its business continuity management systems and the CMMI Maturity Level 3 certification.

The company’s corporate office is located in Mumbai, Maharashtra, with additional sales and service offices in various Indian cities, including Navi Mumbai and Pune in Maharashtra, Ahmedabad in Gujarat, New Delhi, Bengaluru in Karnataka, and Chennai in Tamil Nadu. As of December 31, 2023, Orient Technologies Limited employs 1,388 permanent staff members.

Peers

●  DynaconsSystems   & Solutions Ltd
●  HCL Technologies Ltd
●  Wipro Ltd
●  LTI Mindtree Ltd
●  Allied Digital Services Ltd
●  Dev Information Technology Ltd
●  Tech Mahindra Ltd
●  Silicon Rental Solutions Ltd