Orient Technologies IPO - Investment Rationale, Financials, Peer Comparison, Risks And More: DRChoksey

Deven Choksey Research Report

Orient Technologies Ltd. launched its initial public offering today and the offer closes for subscription on Aug. 23. The company has fixed the price band in the range of Rs 195–206 per share. The minimum lot size for bidding will be 72 shares, with further bids to be made in multiples.

The Rs 241.76 crore IPO comprises of a fresh issue of shares worth Rs 120 crore and an offer-for-sale component of Rs 94.8 crore.

Object of the issue

• Acquisition of office premise at Navi Mumbai,

• Funding of Capital Expenditure requirements,

• General corporate purposes.

Orient Technologies Solutions Ltd. founded in July 1997 and headquartered in Mumbai, is an IT solutions provider specializing in IT infrastructure, IT-enabled services, and cloud and data management.

The company offers a range of services including data center solutions, managed services, multi-vendor support, and cloud migration. The company serves prominent clients such as Bluechip, Tradebulls, Coal India, and Mazagon Dock.

Orient Technologies caters to various industries including banking, financial services and insurance.

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