Traders may put bids for multiples of 72 shares, with a minimum bid of 72. The floor price and the cap price are 19.50 times and 20.60 times the face value of the equity shares, respectively.
Orient Technologies IPO Launching Soon Key Details
The Orient Technologies Ltd. IPO, a provider of IT solutions, is scheduled to open for subscription on August 21. The IPO will be accessible through August 23. The available data indicates that the IPO’s price range is set at Rs 195 to Rs 206.
Investors may put bids for multiples of 72, with the floor price and maximum price being 19.50 and 20.60 times the face value of the equity shares, respectively shares, with a 72-piece minimum bid.
According to the Draft Red Herring Prospectus (DRHP), the first share sale consists of a mix of a new issue of Rs 120 crore and an offer for sale of up to 46 lakh equity shares by promoters.
The company has accumulated extensive knowledge in developing products and solutions for specialized fields in IT Infrastructure, IT Enabled Services (IteS), Cloud, and Data Management Services throughout the years. Orient Technologies’ clientele as of December 31, 2023, is broad and includes both public and private sectors. These sectors include, but are not limited to, banking, financial services, insurance (BFSI), information technology (IT) & ITeS, healthcare, and pharmaceuticals.
Mazagon Dock, D’Dcor, Jyothy Labs: Orient Technologies IPO Launching Soon Key Details
Among its clients are Mazagon Dock, D’Dcor, Jyothy Labs, ACG, Integreon, Bluechip, Tradebulls, and Coal India. The company’s main market is India, where it maintains sales and service centers in Navi Mumbai, Pune, Ahmedabad, New Delhi, Bengaluru, and Chennai, among other places. It moreover maintains a branch office in Singapore. The company’s profit after taxes increased to Rs 38.30 crore in fiscal 2023 from Rs 33.49 crore in the previous financial year, and its revenue from operations jumped to Rs 535.10 crore from Rs 467.44 crore in fiscal 202122.
During the IPO, Elara Capital (India) Private Ltd is the only book-running lead manager. It is suggested that the equity shares be listed on the NSE and BSE.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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