Orient Technologies is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra incorporated in the year 1997. Over the years it has built deep expertise to develop products and solutions for specialised disciplines across its business verticals which are set out below:
IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;
IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and
Cloud and Data Management Services: Services include migration of workload from data centres to cloud.
| Opening Date 21 August 2024 | Closing Date 23 August 2024 |
| Price Band ₹195 to ₹206 per share | Issue Size ₹214.76 Cr |
| Face Value ₹10 per share | Market Lot 72 shares |
| Listing at NSE,BSE | |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,832 |
| Retail (Max) | 13 | 936 | ₹192,816 |
| HNI (Min) | 14 | 1,008 | ₹207,648 |
| S-HNI (Max) | 67 | 4,824 | ₹993,744 |
| B-HNI (Min) | 68 | 4,896 | ₹1,008,576 |
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The company’s business operations involve technologically advanced solutions for which it collaborates with a wide range of technology partners including Dell International Services India Private Limited (Dell) and Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix). A key facet of its product and service offerings is its ability to tailor and customise its offerings to the specific needs of customers. The company’s collaboration with its technology partners heightens its ability to design and innovate products and provide solutions tailored to specific customer requirements.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 311.14 | 215.25 | 176.32 | 112.45 |
| Revenue | 606.86 | 542.01 | 469.12 | 248.96 |
| Profit After Tax | 41.45 | 38.3 | 33.49 | 0.13 |
| Net Worth | 175.31 | 128.82 | 94.11 | 61.29 |
| Reserves and Surplus | 138.79 | 111.32 | 76.61 | 44.79 |
| Total Borrowing | 4.82 | 12.86 | 2.28 | 9.22 |
| Strengths | Weaknesses | ||
|---|---|---|---|
| Marquee customer base across diverse Customer Industries | Heavily reliant on top 10 customers, and the loss of such customers or a significant reduction in purchases by such customers will have a material adverse impact on business | ||
| Marquee customer base across diverse Customer Industries | Delays or defaults in customer payments and receivables may have an adverse impact on profits and cash flows. | ||
| Strong Promoters and Board of Directors supported by an experienced senior management team | Future success will depend on the ability to effectively implement business and growth strategies. | ||
| Track record of financial performance | Inability to compete effectively may lead to a lower market share or reduced operating margins. | ||
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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