Orient Technologies Limited is a well-established company in the IT infrastructure solutions sector, headquartered in India. The company provides a wide range of IT services and solutions, catering to various industries and helping organizations enhance their IT operations. Below are some key aspects of the company:
Overview:
- Founded: The company has been operating for several decades, building a reputation as a reliable provider of IT infrastructure solutions.
- Headquarters: Mumbai, India.
Core Services:
- Data Center Solutions: Orient Technologies designs, implements, and manages data centers, ensuring that they are optimized for performance, security, and scalability.
- Cloud Services: The company offers cloud consulting, migration, and management services, enabling businesses to leverage the power of cloud computing for flexibility and cost efficiency.
- Networking Solutions: They provide comprehensive networking solutions, including the design and implementation of robust and secure network infrastructures.
- Managed Services: Orient Technologies offers managed IT services, which include monitoring, maintenance, and support of IT systems to ensure smooth operations and minimal downtime.
- Enterprise Mobility: The company provides solutions that help businesses manage mobile devices, applications, and data securely.
- Security Solutions: With a focus on cybersecurity, Orient Technologies delivers solutions to protect organizations from various digital threats.
Clients and Industry Focus:
- Orient Technologies serves a diverse clientele across various industries, including finance, healthcare, manufacturing, and government sectors. The company is known for its customer-centric approach and for delivering tailored solutions that meet the specific needs of each client.
Market Position:
- The company is recognized as a leader in the Indian IT infrastructure market, competing with other major players by offering innovative and reliable IT solutions.
Recent Developments:
- The upcoming IPO in August 2024 is a significant milestone for Orient Technologies. The funds raised from the IPO are expected to be used for business expansion, enhancing service offerings, and potentially entering new markets.
Financial Performance:
- Orient Technologies has shown consistent growth in revenues and profitability, driven by the increasing demand for IT infrastructure solutions in India and abroad.
Orient Technologies Limited IPO Tentative Timetable
Particular | Date |
IPO Open Date | 21Aug 2024 |
IPO Close Date | 23 Aug 2024 |
Allotment Date | 26 Aug 2024 |
IPO Listing Date | 28 Aug 2024 |
Orient Technologies Limited IPO Details
Issue Type | Book Built Issue IPO |
Face Value | Rs. 10 Per Equity Share |
IPO Price | Rs. 195 to Rs. 206 Per Equity Share |
Market Lot | 72 Share |
ISIN Code | |
Listing At | NSE, & BSE |
Issue Size | Approx. Rs. 95 Crore. |
Orient Technologies Limited IPO Lot Size
Application | Lots | Shares | Amount |
Minimum | 1 | 72 | Rs. 14832 |
Maximum | 13 | 936 | Rs. 192816 |
Small HNI (Minimum) | 14 | 1008 | Rs. 207648 |
Big HNI (Minimum) | 68 | 4896 | Rs. 1008576 |
Orient Technologies Limited IPO Allotment Status
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Company Financials:
Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
Total Assets | 311.14 | 215.25 | 176.32 |
Total Revenue | 606.86 | 542.01 | 469.12 |
Profit After Tax | 41.45 | 38.30 | 33.49 |
Company Promoters:
Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnitlal Shah and Ujwal Arvind Mhatre are the promoters of the company.
Objects of this Issue:
- Acquisition of office premise at Navi Mumbai situated at units no 1201, 1202, 1203, and 1204, respectively which are situated at Plutonium Business Park, Trans-Thana Creek Industrial Area, Turbhe MIDC, District Thane, Navi Mumbai
- Funding capital expenditure requirements
- General corporate purposes.
Registrar & Company Details
Company Contact Information | IPO Registrar |
Orient Technologies Limited Off No-502, 5th Floor, Akruti Star, Central Road, MIDC, Opp. Akruti Point Central Andheri (East), Mumbai – 400093 Phone: +91 22 4292 8777 Email: complianceofficer@orientindia.net Website: https://www.orientindia.in | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: complianceofficer@orientindia.net Website: https://linkintime.co.in/initial_offer/public-issues.html |