Company name: Orient technologies

IPO Size: Fresh Issue of ₹120 crore and Offer for Sale of 0.46 crore shares

IPO Dates: 21 August - 23 August

Price Band: ₹ 195-206

Lot Size: 72 Shares

Lead manager: Elara Capital (India) Pvt Ltd

Registrar: Link Intime India Pvt Ltd

About the company:

Founded in July 1997 and headquartered in Mumbai, Maharashtra, Orient Technologies Limited is a rapidly growing IT solutions provider. The company has carved a niche in the market by offering a diverse range of IT services and products, focusing on IT infrastructure, IT-enabled services (IteS), and cloud and data management services.

Business Verticals:

1. IT Infrastructure:

- Data Centre Solutions

- End-User Computing

2. IT Enabled Services (IteS):

- Managed Services

- Multi-Vendor Support Services

- IT Facility Management Services

- Network Operations Centre Services

- Security Services

- Renewals

3. Cloud and Data Management Services:

- Workload migration from data centres to cloud environments.

Clientele:

Orient Technologies serves a wide range of prominent clients across various sectors, including:

- Banking, Financial Services, and Insurance (BFSI)

- Information Technology (IT)

- Healthcare/Pharmaceuticals

Some notable clients include:

- Bluechip Corporate Investment Centre Private Limited

- Coal India Limited

- Mazagon Dock Shipbuilders Limited

- Tradebulls Securities Private Limited

Financial Performance: (Figures in Rupees Crores)

Objectives of the issue:

The company plans to utilize the net proceeds of the IPO for the following purposes:

1. Acquisition of Office Premises: Purchase of office space located in Navi Mumbai (Plutonium Business Park).

2. Capital Expenditure:

- Equipment for setting up a Network Operating Centre (NOC) and Security Operation Centre (SOC).

- Devices for offering Device-as-a-Service (DaaS).

3. General Corporate Purposes.

DISCLAIMER: All the information above is for educational purposes only and in any way is not a recommendation.