Orient Technologies Limited IPO Opens On August 21. Check IPO Details Issue Date Price

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Orient Technologies Limited IPO Opens On August 21. Check IPO Details Issue Date Price

August 20, 2024
Orient Technologies Limited IPO Opens On August 21. Check IPO Details Issue Date Price

Orient Technologies Limited is coming out with an initial public offer to raise Rs. 214.76 crores from the market.

Below are the details of the Orient Technologies Limited IPO:

  • Issue opens – August 21 (Wednesday)
  • Issue closes – August 23 (Friday)
  • Issue size – Rs. 214.76 crores
  • Price band – Rs. 195 to 206 per equity share
  • Bid lot – 72 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Incorporated on July 4,1997, Orient Technologies Ltd (“OTL”) is offering a wide ranging and diversified bouquet of product and service offerings and classify their business into 3 verticals as:
  • IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing. Data Centre Solutions offers servers, storage, active and passive networking components (such as switches, routers, access points etc.), collaboration solutions (such as solutions for CCTV (i.e., closed circuit television) and transmission of feed from CCTV, and virtual conferences / meetings), and security solutions. End user computing involves desktop management, end-user support, and mobile device management.
  • IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals
  • Cloud and Data Management Services: Services include migration of workload from data centres to cloud.
  • OTL has recently ventured into ‘Device as a service (DaaS)’. Under DaaS they provide desktops, laptops, tablets, printers, scanners, smartphones, and servers, bundled with software, along with managed services on a ‘pay-per-use’ model i.e. on a subscription basis.
  • OTL’s business operations involve technologically advanced solutions for which they collaborate with a wide range of technology partners including Dell International Services India Pvt Ltd (Dell) and Fortinet, Inc. (Fortinet) and Nutanix Netherlands B.V. (Nutanix).
  • OTL’s range of customised offerings and their ability to specifically tailor solutions to the specific needs of customers have enabled them to garner prominent customers with long term association across industries and they count leading public and private sector entities across diverse customer industries such as banking, financial services, and insurance (BFSI), IT, IteS, healthcare/ pharmaceutical (Customer Industries).
  • The company has received ISO 27001:2013, ISO 20000-1:2018 (ITSM) ISO 9001:2015 (QMS) and ISO/IEC 27001:2013 (ISMS) certifications. They have also been awarded CMMI Maturity Level 3 Certificate.

Issue Size : Rs. 214.76 Crores

Issue break-up :

QIB – 50% of the offer – Rs. 107.38 Cr.
NIB – 15 % of the offer – Rs. 32.21 Cr.
RET – 35% of the offer – Rs. 75.17 Cr.

Listing : BSE & NSE

Registrar : Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note:

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Friday, 23rd August 2024.

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